Last week, we began a discussion of our achievements on the public financial management front since we attained independence from Britain in 1966. There was a progressive deterioration at all levels of government so much so that by 1981 public accountability was brought to a standstill. Although the Hoyte Administration made genuine efforts to address the issue, its efforts were short-lived as a result of a change in administration in 1992. Public accountability was restored with effect from 1992 through the almost single-handed efforts of the Audit Office. Since then there has been annual financial reporting and audit of the public accounts and the laying of the reports in the national Assembly, though the quality is left much to be desired.
Today, we continue our discussion of public financial management in the post-independence period.
Re-activation of the Public Accounts Committee
The Public Accounts Committee (PAC) is a sub-committee of the National Assembly with the responsibility for reviewing the public accounts and the related reports of the Auditor General as well as all other accounts referred to it by the
