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Reg No 190 2010 Financial Administration Regulation
Reg No 190 2010 Financial Administration Regulation
, ;J~T ;JtLtlJ
FEDERAL NEGARIT GAZET A
OF TII F FH)FR,\ l In 'IOCRA ne REI" 'IIJ.lC 01' ETIIIQPIA
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l/.. f1f:(H'>;' '1,,,,,1,
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'V"
M .:li'A'j' U./..J\'t' P"'f"h/.-(U"'I! 6Till\.h ". Yoar No!iS
AODI$ABAOA Octobo:, 4-, 1010
!',)oHl "-o,,N", 9"1)(: ~+ ~·,.(·f"(i~ l'W"l
n'lro-""l CONTENIS
.f.')·n ""1'(." (li"l'li'i,l1 Regr./rlllO/1 No. /90 /Zola
'.}'....·)fl 1,{J,,·J;i!.C 1''''I.~.tI·) ·(:·1·· 1"'11(; I\, l· f.'HI. . ~,n'l("li.Il AUmmlJ/rlllion elluneil ofMmul~r$ RegulullQn
'/Il ( .. i'i.?;.~ :t!' Puge H9J
"'I.l.11.). e')" l'°IIC I\. .)- l. ') 11 ""1' cJ.llI"(i'l!: COU1lCIL 01' MOUSttRS REGULATION No. J9OI1(IIU
Mt.J'"I.·tI "")'11-"')' ri-.r."·~1'1 M'b«C "{II"I COUNCLL OF ML"1ISTERS ttF.GUL " TION TO
\''''/.'I.fllr.'i· \"'IIC n.-)- .f.'HI PROVIDE FOR THE FINANelAL
AD~lh"JSTRA TION OF' TUE FIWERAL
~.tfl·l·t:':r· ynllC 1\..). f'h..'l·r-*·y ~F..t·,,'r.
GOVER..'IMENT
'l"1U:·I\J''1~ é-T11ft.." MlLl\"1. ),','l'l'" ~"Affj',(; Th" ReguLatH)n is ~ by tbe eouncil or Mmistcrs
pUr$uam IO Artide 5 or the Dcfinllion or POWCr$ ~nd
111/: fI''''mtn om"I!I~ ),'P:( '''-rC !I..'(!oli ' "n:l:"
" '"!.~ ..
Dutic:s or the Exeçuli~c Organs of me Federa! DemO(:r~tlc
'}f.·'·'ffiflf ),.,,,.,,. t, ),'; 1'h.'l·f'A-f l.y.~.&\ ",,"'1
.,. 1''1·,e<nl'l 1,1'l"'P,Y,C ),,..~ 1f..,.C :imt7ili
Republic of Emiopia Proclamaflon No. 47112005 I~
amendedi and ArtIde 1S of tbe Federa! Govemment or
i-l'll ii'(; '''''''l'} M' f:Hl MJI...,.:tA::
Ethlopia Final1ç]31 Admmlsmllion Proclamation No.
tn:&\ ), 1.t" 64812009,
m:t:!l;!l; PART OHE
à~·C. c.t.'!ll QENERAL
'.11 r.·Hl ..r ..·f.'.. 'W M+P.r.C 1''''1. ~.fl'}C"f 1. Short Tltle
This Regllialion may be Clted as Ihe "Finantial
l'''t,r: n·}· r:HI ·I>'I'C lir'l/rrtr" ,,-111\0 ","-M
Adrrunisflllflon Couneil or Mlllislcrs Resu lation
I '}:':1<>t
Y.:MA:: No. 190120 IO"
2. Definlt10ns
l',-I'fl· M'Hl M h;-I''I'' j''''U'l'lmro- nfl'I&\I.1'~ In th!s RcgulatlOn unlcss the wntexI requires
f:t.1'l nU.lI f.'Hl ,n'I'l..,.: . othenl,ise:
H
t f HAdY!ll1a mcaos Jl3)'menl far WhlCh thcre is no
,"
D
· t'·l'f."'''I.... l''''.r" ~'" -l. V'f' :1
"
An~a"1'
J'A ./. r.t". '/II'}' ,. ''''''' II~ Ir-I'mrH 1.'~ n:\'l c:>.change or \'3Iuc and lhal 1$ IO be nccou nl~d far
1''''l..I''''~.f: r.m· I,~ :.f' ,tI"} ",.t\ .~ """'l'}' by me re"pH.:nl nt some lalcr datc IInd doc:s nOI
I Il'''/1':1.''1 Ilm·fI· \··/·....'fI!r·'·/U· "'IJ'~:r· !r''''ffi ,"cludc il prQgres.~ pJ.ymenl madc 011 accoun l or.
" .,.." Clt.·l· 11I·r.t".~d'· \''''f.I.I. ·....1 h<t:.r bUI bcfo,c 1I11: complc llon or D COfIlrncl;
)"."'-1.9'"/:1"' 1 ;v "CaplLll brendnurc" mcans'
'iJ "r"""""M: rn,,·n (I~.(o "'71\'1' Ol.t:·' 6· "N.. gOliahle Securily" mcans a finan'!al
"'l'.1I"' f"U:'" h)o').t:' òm- "'" 1\." 0- 11I.51rurncnt whlch IS traII.5lèn1hle from 0I!e pcson
. . ",,1- ,..h')f·l- n.,."nLn+ (I.". l'flnfl·h·l· 'o A!ll)tber- b)' belna; dehvned "ith or \\llboul
~m 50 WU mk IO 1M
-il·l- r-tfn't1 n')IIil .nr: ~ I
~
1M passt'S
,ransfcree;
-,.,n·l-r, -,v- ..,n·l-:-
II/ '.h"" fil,.. If<;"-
11 'Sccurity Deposi," mean
(al a bili of .. 'Cchang.. c
"'·U.Il1:.ç. '''1.IILAI hr,
il thalispayahlelothcMlnlSII)',
ii O;J''''''' fnHil .,.lt,.. r"'(.;.I1m "'I.'"
n) llIai is cel1ilicd by In Ippro~cd rmlncial
":Jo<,04'111- rnHil .,·lt,.. 11/,..('). (w..
instituuoo or dt1lwn hy In appm\-cd
1inam:131 InSlilO\lon Oli ilSel(
nI n~"1....·l· 'f'l')o}<i l'''''1'ImI1'l- 11').('1 Ulr.r
(b) a govcmmenl gU:ll1l11lced band; or
,hl 0-"·""':" - ...,1.' fl·l· ',·+fly.l·} 1\.-:
I.ID' f"Y.:fA ,.... fM,itH...ç. f'II~'" M (c) such othet S«utlt)' IIS may be deemed
I
~l\, IJ.A+
nl t PARTTWO
, ""'"
/I f'1I.. ')'? ...... -l- n'-·}· n,.,~.r.· 'II'. ,•. /.,,., ..., .•/. 3. PrincipIo::
BUpGET.
'/.1 nln;;N\ oY.·l· 11>-111' 1II1~:11 ),.1";"1.9'~· cwrwmie and filea] rramework.
f'''Y.tlmm- +~r·h·l· r"y'roMr.r>- n"'llu:', 61 The prioriuu Ulabli,lIed in !he maem-
),.)''i'''t. h'i n'(.fllJt\ "'tM''i: f·t--I\h.,.nt- ·, economie am! fiseal f'ramework Sl'lBU delermine
.,..r.v-.]·)'l· - .........l- n..,I:L,,/ JW"''' :: !he flliornil!$ IO be given for sec:lors in the capilal
i n·/rt.nt- ""/Il.,.r A1-\':fl'o '-t'L""./I·} budgcl.
1''''''1'?1''+ - ......"f IL+ rt.'ic' r,u, 7/ Whc-re 11 publH: body t, pc:rmilled \O l'l:\a.tn and
'SJ~H, 111. (1- ..........,. (1,,,, n-t'","''-:'II>- f'1Q
e~pc:nd 115 revenllC.'$. 5UCI'I revenues shall be
>. ·))I.IJ-r f'1Il-W. n~·l- t;rr; IIJ-fl1' .... 111 meluded III both Iis revenuc and expmditun,
:1'(11\ J'/ir:O:rAllf'ir'" t'i'(I/&o '/.'., aprroprialion lotals: ho"'·ever. no IlCning is
il') ...,,,,.]. M'.L+t:r::
pernutled
i. rill:}: lMJ!ò:" ),S' h+f..t.:(1
Prepaq,tiOD aDe!, 8ubmi.. lon or Budget
f;, rn1.·1· "1r·l· '''tU.'Jy'1IJ- n"".tl'l.l'c~' 4_
Il Budget eSllmaleS shaJl be prepared in accordance
II"llf: IL·l· n"1.8.r.·~'tl>- r"'llf:·-),.I'''~'''I.'1
Wllh Ihe finaneial lim,lS and formals prescribed
.c./VIA "'''''''',: -)\'f ·"u.n·H· O'l'''';'·'f.n>·
tal.]' 'T' .... J'."'-'l1L '''y'.I'fl:l·IIJ-+O'·l "M~ by Ihe Mmllilry in!he annua.1 budget call1cttcrs
"". rnl·}· ),+ ...~{;-fl l''C'·... - ..·{;·l· on !hl' basi! of Ihe macro-eeonomie :md 6scal
n..., l: L '?Y.If'ì A:: mllne .... ork IO be approved by the Coum:il or
r f''''l.ft'i'" (D'P.. rnl·l· "1r·l- fu-"" MmiSlen,
r-1..-.... /fI>-1 "1"'17S ~-l- n7.-l- 'lll.rr. 'li BudgC1 es\un31tS orlttWTC11t eltpcndnures 1hall
.....,-c-l· >. ·M.IJ-r .l'/I'''1IJ'1 l'n1..)- ,-+ 1Ix:ludc. repor1orprehmllw)' resulls ofme firsl
halr or tlle eurrelll )eat and pn:vious }'eaJ
~L'I"Y" ,·'t/IIl'+AA /\.lfl "'1I"A;:
fl r-M'i'" >.'i ,111::.1-11. Ul~ nl·l- '?Y"-f:Y' performance
n.....')'?I"·... _ ...... (..1' (l·l· ,n'l,E. ;)'1of.9':y. 31 Budget eslimatell or recW'Il:nt IIlld capitai
"~LI.Y" ~/\'l'faJ-: : e~pcndllure shall be signcd by heads of pubhc
10 ;''),l'l ~h 1111'''' f111. V"',,"'f r·'t"clt'lllu>- I>odics
'Ul o~:·l· ,,/r·l· n"'I).M;"- r"V"'ljé -I I Budget estlmales or la~ revenue shall be
.f;I"i,,:: prCparl-d by!he MinUII)'_
t' :Nln tlAIf)' '1f1. r1,-:r- r"1.·/'.IJ- 51 Budget esum:ues or re~C11ue !rom non !al(
f1Q 01:·1' "11"-1' ;)IILH, n·/·nm"" !.OtHces sha" be preparcd by the head of lhe
r .....l'?r·l· -"""(..1' IL.]' rov, :VI"- mpons.bic pubhc body and submined IO II1e
... /l'''.tn-t''-
,,?~.,. an~'.il 1<./I/I-l-', Mlmstry,
rIIT:J-l'o" r ua y.lI11 (!lUI.. l'of.·l- "Ir')' 6, Budget ntlmalc.!l or capitai and m:urrent
1\"""""" ML'I1. n"tlno-} 1J1V- >''''.1'1 npcndllurc or l'ubhc bodje~ shall be pre$ented
>.1'·....1·,. /l''1r:I.''1 A'ì /l'''tn.'''/l1 ...... 1"""" lo Ihe Mlnimy rClt c"Blu3tion, any necess.ary
/l''o.fl-t-r,· •....... /.il ~I\o·l·:: r<!v",on~ and consolidation
li f'flT. ,} ,,}'I"" ·1· Ilul"'L~ "1 C f "t1101"" 'fU':C 7/("jmjgcl cSlimalCS shalJ io~ ludc tSllmal(:S of forelgn
,,")~,t)-I"" "'<;'1'Ol"lI" r-·J"1.1... + -.1"(.J' R.'l- 10M 8S ,",,'di IIS ali tud, In casll and In kind Ihat a
/H'II;"Y. fn,.:·), <WD+ 01'&. ,'''f 1I~' O'I.l', ~ ·l~ public body cxpecto. to rtte,ve In tlle IIpcommg
M~ I'I IJ- 1ll1- f"tm ll ...m- ") 1.r. ~:'· W/ 9"".}- I
liscal )'ellr lJlCllldlllg full dttails or Ihe nature or tbe
0'Jy. ~ ·}- f'''t 11 at-") " r.~ :J' 'J', ~ .)'I O'")U11
aid·in·kind lInd ns e$limalrd monetary VJ1ue.
YlfltllA " ' 111\. "'",1-1'111''' .,.~I It"'''lll
S. Appr ovaI or Budget Ettimatn
'IIC'Il C ."JC .. ..,..1'."11 _II'"'
hflO 'l'::
I. Upon compl~uoll or evaluallOPs I\l1d an)' nccc~s.af)'
[alx ,rt1 M?tU
A fII!:'" "1l1"')' M" /OD,_ 1.<; M~.'\1. re~lsi011S and di~lIsslons ... ith the hcMls or public
fl"/lD- ...,fll.H · h'l' hC;(lI~ " '),j(,lJor h""" bodl~. IlIe MlPisttT sh.all prescnt tlle compiled
"1p'·l· ''''.l''(.J' rH·:y.. fOli f. ;)i\'('P' :y.. ;lC budget estimations or recum:nl and cnpital
f" l/.t.11D- 0)-1·f.·)· h"'ffi 'ì+of' 11"),11
rxpt'nd ltures IO the COllnel1 of Mlnislers for rcvir ...
"n.n·H· "·I·II\."'lIfIO," fUD/. fI~ 1.'ì 1'1([
;l' tI, O" Ll.. " 1:')' "11"" .), ;/:'f··" 1.')"l'I: I';: and recommrndation.
Il'''l.~.M·c "f j/"IIC R.·l· Y+CfJtI, ;: 2J The budgel C$lilllllle5 rec:ommended by l!lt COllnei1
Il n"U.lItf"!" "f rhr. R.-l' [.,.1:.1LIII" 1'01...,. or Ministen shall be submnted IO the Ho~ or
"W"-} l'I.-...1f11 .t-mf"."f lI"hr. n+ Y.+01A::
Peoplu' Rcpresenlalives.
rl "'I.'LfI·h~· n;h1lofl '''Olllf'""f lI"I1C n.-l. 31 The Minimr shall notify tlle beads or public
1'01."''''''') 01.') ' r-.,..,. . . ·} -P'L.," n ·r'"f bt.KIies the budget appruvrd by Ihe House of
..,III,t. ~IIL","f "H./"'" . J'1. C.7t1 :: peoples' Rep~nt3Ij~es
6 , Budcet Calendar
mgx "" M.='
..,.~. o ·}","- l'n1.-l· 1'1.n. I\I'I.~l l'''!wo") - -L.' The Minslcr sh.J.1I lSSlM: a directive fening the
,rotlIA :: budgel calcndar.
è,f!: .....è"IJ 7. DJlJCretJon
"';'fID-j/" l'DDl..,.....,·} -.-(.j' "ttfl'}"'"-
/l.'}' I r a pubi ic body faUs tO submil ils budgtl est imalcs
nlUl 1..,11 hl+~ i -'''lot n"tOlM ItI- l'1..tL ,n accordance with Artide 6 of ws Rtlulalion OlI
,.. I\,A t'01.·"., '7r:'t- IM+ t. O ··U.ot{. f'U\-l sclleduk or tbc budget calendar 5Ct by tbc Minisler,
AI( P ' A"O o-m+r no)!", '7r:'t- 01'01' 11"" me Mmister shall lise ils dìsc:retion ICI decide what
-".,.",. "")1;"t1 f la>- Y.IPO~·A :: shall be includcd in llIe budget estimates.
wlx lI(1t"ID-C 8. B udcet Transfer
lil "ttflTt- 1191;+ 1'-""'-+ -.-t..f' (LX Il The Minister may grDIll tnnsfer from rec:urrent IO
r'\r.d~1.x l'IIt1-1' rh')J") ro1-"- capItaI appropTÌalions whcn peceui tDled by m
1'1-.,.,. . .+ 'JIt..,,,"f .,11 -t;t.fl MLII1.. appro\cd reorganiUlion or public body, or where
If'l tl.J'1''im- IW"I.n'1 {III; ~1::"A 01.+ II be demoPsrralcd thal il is clcarl)' bene fici aI
CM
11"1"111"1: "'').'U'..I."1 Il.L~1.· 1-"fIlA:: IO thc achicvcrnent or &ovemmcnt objecli~es.
Il IIl\fIo"f "".i'..I1~ roau ""f IIl "', ro1. I._ID'II I 21 Transrer from olbcr reCllrrc:nl e:o:pendilure-$ lo
l'I'''~.1'~ tD1."thLA 1''\"1"'C 1..IL f'}.Allt- s.alaries. wages ;lIld allowanas shall be :fubjcct IO
m,.r l'h1A,?,...X ";l fJJ1-"- IDI. ,\IlA the approvai of the MinislC"f.
fll1.-l· 111lHP"C fLt./.'7 f"'l."fl'l m- Il'''1.'t.ht-{.
31 Thc MiPislcr 511111 Introduce a budgel
+Cl ' i\.~"'.(" f.1J"ìtl ::
imp1emcptation monilonn& mechani srn ip order to
r. ,,·t.(' YotI·'''1.1''-1- 'IOP'/.f 1l.-1- 1··"~. +.i'..1I·1·"
el\llble il c!Tecl ttanSfer IO mother publk body
Il~ t- r..,,e.mof'rn·l· V..• 0"'l.1'f1l·}- 1.11.
budgel appfOpnaled IO a certain public body wMch
fflf.f\.Il r"".,"1.1....·}- ""/"(,., 1l.-1- "'I1l'f'lUC
),'M.;FtI "'l. 'Ln ·}·~. fn~+ "L10r1 ....II;I··"l\ f.lils to use t~ budget. The MiPiSier shall issue a
''''I.,n'i:t\ .l"Cq+ f.ll t .7l\ 1 1Iarar~· dirrclivc eSlablishing Ihe proce~ by .... hicll such
f...,.~, o"-n-l·" tr'l.;J· fD"j.ron·) otI(1O(.1' ITlInsfer may be effecled.
J'ffll'Il\::
, "U.rl-l'''' 01\'1';(. .\.. +'" 1tlt ""''Im'"'' n)l>1- 4' 11le Miniscn- mv in wllole or In part de-Ie-gate IO
'-'/1'1''''(; "uAflr} n-I\- IDY•.,. fllI,c."
,,-,-,.--'1- -1"'6)' 11.'r-T l'n",,, :,II,U"':f
heads of public bodics lhe budget trnnsfer power
vcslcd in il b)' Anide 24 orme Proclamalion. Tlle
mode or implcmcnialion ofmis delegation sh~l1 be
.e.u n'1"'::
• toH·
kf
"''M'C
1'-1"7""'+ -'-M' 11..,.:y. fO<l,t ;YILS'":r·
Pl'C$Cribetl b)' I dlretuve.
9. B\.\41etary Control
h'·U.r'l·l·~· 0''7, -j'''flLtIJo (JD_t)' un,,,/.-l· 1/ Subjetl lO direclives ofme Mmisler, me Ileads of
"".1").1110'1. 1'0':+ CM' 1tJo.t'\ CMI "'ì public bodics shaJl malntaio a reglslCr of
"),YH14. f1rr.:I'A 1r.-T.h+ ''''L+.r.''''' appropnllions, authorized InID:sfers IUld
11iD"Ol'C 1I'j' '-:A1:A M.P'" '"l·l· -"II1-i1
.1l0tmenl3 for each budgcl.lry head and 5ub-head
" .. fll hfl/l'flll-::
Il '-'''1-'''1' ""P'l.y (\..,.:y. fOIlt. ;)"I".jPT
and for each capitai projcci.
2J SUbJCCllO dirtclivcs oflhe MinislCT, tbc bcads or
o"'n.n-l-ç. O"'t.1-"'I\i: --61 -"'1.+
--,..,........l- nnJ':-l- Il'' O.,6h'1<r.'I+ "'TTC public bodics shall pmvide infonnation tO cnable
"'t1:{."7 MJfI~ -fA U8f"Itn+ M'ff'~:: Ihe govemmenl IO mainlain neecssary cenlral
!. t'A."" ono controls over budgctary fuods.
l/ l'Nn''M 01:·}' T)'4I "~f.1'1 ML'I'l 1ft{' lO. Sypplemenya AppropriatlgD
1\.1'f 'l'.1,,/D" "t'l..n-l-ç. M.J'to n f(D"1 - - Il Whcn thc need for supp!cmentary iippl"".",,,,,,ialion
I..' -'''{.'l- 0"'.(-(,,"7 ","-,~.f n-t"l..fl+«.. arises, proposals for such IpPropriallOll $hall be
j'."'Ct'lA:: $ubmitted IO Ihe Mmisler in accordance whh tbc
Il '''I.'I.n,)..;. Ol'l'f'lf. N.,. .....mf,ll-') rn)!-}- directivC$ IO be issucd by me Minister.
.,1101:. -t.. ..,"111.)
l'"C't'l- -th-l·,... -tQ""" 21 The Minisler sha!l cause supplcmentary bladgCf
nJ!r1 Ihll.t";l\ J 1"(.. 1Ij'. ,,'M.aH'\. 11. IO be approved and bccome clTcajyC in
M:cordan« W1tb Ihc budget Bpproval Md
C;JA"
nOlification procedure c$labl ished by mc
!i. l'alt l1(J):a):C bL'89"
Proclamalion.
"7<;:f/p"r fol -}- 11(00(/)-(7 !"'trii".) Olj'.'"
11. PrOCCdUH grBud.get Traurer
fH'f'lffi(J): _,-"1.+
at-hA'ì llaHIl-f.' f"1.Lé.,. An)' public body ~ucstlllg budget Il'lwfer or
,....,"1....+ -1"6)' 11.+ '"7.tn+ç. Il''tllll''f'''' clftcling such tnnsfer in ac:<:ordan<:e with the power
--6)' -"'I.-l- fol·l- ""mrt,·.. -~:4'K dclcgated IO il shall complele tbe nccessary number
-lo/t.:f1 tlflt. :rK., - ......,+ "'fin:":: of copies or the budget requcst Md aulhorization
rom In accordanee with tI\e di.re<::livc to be issucd by
the Ministn-.
~ ,..11+
'-ne'T 11!f11 MI PARTTHREE
Il. h!òl M' lOal
r-1'7 ..... ·1· '1""-1 1J'i:1' t\.~!l.r
mj'.r 1II"l PYBYc DISBUBSEMEJiTS
1'I.}'.t.'7 r"tl"fI"'" ri'L+~ 01.·1· n. 'te ili" ~ID-:: 12. I>i!bUl'!!meot a04 Parmeot
Ir. r_"ci llU1J lIIal -In' Di$bum:mtTll5 or paymenl3 ma)' be madc uni)' ir
-r1n.at- ""II"f 'I"."""
~'i'f/J}'r r""'}"1r'}
13.
Ihc)' are approprielcd.
PaymeDt Voucben
11u11 Il'0' t\.~/J?'" m"r Il)''l t\.Y.(,"1 ),j'.
':fAr:: hfllfW'" r ....1"1.-·1· - ..... /.1 (l.f·l· No payment shall be madc unleu Il is adequalcly
fI"1..r~e1--l· Il'''l (}oh- h"n.n·l·"" o...,.m"IaI- vouched; and public bodles sha!l complete
paymenl vouçhcrs for ali JlIlyments in accordante
.... _", -"'I.·l· ~".lf ..........,·l· ",,,ll'I:/J}'::
wilb Ihe dìrtCli~es IO be issucd b)' the Minister_
n. à(l1·o,.,flD- ot'f ]lç]lç
ID-hII,'i
1•. Liau or AutboJ'Ù:e4 Pertou
li! "'r}~")~ r-·.'? .....+ "......,,1' n,.} ro.,j'.
I/11le head or c~r}' public body slutll e!iUlblish
;Yt":. f'lrlu ~'Hl r'l--nlH-~}1 (lM'f ~""I":. and mamlalM • hSI or empIO)'ee!l whom Ile or
c - D>1JA',' r·"Y'ff'aY) ;YW.1''f." , ..t... I·~:f she hu 8ulltonz.ed IO Slgn tbc documcols
rrr lIClIC ""'I.,,'f.·H· ....nr MO'}:: rcferrcd to in t1l1S Rcgulallon
, . 1.1Jl.U y/uU. l' n \'" '/11:11(7 11 -1"41' Il'l,
, Su,h Ibis shall W CllcuI31~'tl (O tbc financc head
'f.'·N ' ;'1... .(" 11<11-1'1 1' "Po.·l· :)... ".1 1.'j' and Ihe head of mlerml audI! oflru. pubhc bod),
Md IO Ihe \-lmiSII)
fI "l,~.n· 'I~· " " "'''''',: ',fin} :, 15, C.ah Management
/';. f'f't. 1'>1111 M·t~~C
• 1/ Cash managemenl shall be hand lcd in $uch ~
" 1'1' 1,. n/N I hn·" .o:r.(: 1',,·,·' ..' ....·1· - ..» 4}' manner as IO enable Ihe m3lnlammg or aeeOUI1I~
IU 'T 1',., (,.. Tr:..'U,.."'1 :r=<D'l fI'"7 nLrJi"" al m'MImI/m balall« bascd 011 1M- cash
f·' ·'''''.n., 'f1ll-1 1'1IlW, 111.·1· "'~ .,.r, reqUtre~nl publoc bod,cs IO na:Ule Ihe or
Il '''I't'A 1''''t.':'I,.'I'm-., 1'1't. , ·)t111 -i:",."]- e'pendllu~ budgCl appropnaled IO I~ir .... orl.
I. ,....,.,d11ltH1 Meehl b5 tDql rYOtC'J 16. Dilbun;ement and Payment ofPubIic Money
li ' 1""'1"J....·-}· '111111 )'~ J' f ',,/:LU-m- ca,.\", I Dlsb~menl or p.:tymcnl ofpublic mone}' 5ha1l be
"'Q.l. r"tr. 1:10>- "I1fl.l ))fì:.fm- iD,."7. effeclcd by deposinng che IOOI\C)' lnlo 1M- bank
L'I9"II+ r-1., ......1· " ........t.I fL.'f· ID,.r accounl oflhl. p!.Iblie body or e~ilor lo whom Ihe
1IlQ.l. /U~"1.r.I:"JfI.'f· Ilfl-l1 '} f1l1" '1./'111 money iSlTansferrcd
0"71l·.·.,1\'i! .1'. , . . /:\:: 2J Not",i!h5Iand i n~ Ihc provision Dr sub artlc le ( Ilo r
Il OrtlJ h1"'~ nW·1l A'I'''~ (l'i) r ·' ·""IIII·/·p,. Ihis Ar1 icle. thl' condillons in which payment ma)'
fI ...· C?" "'''-l. Il't'I, ' Ih'\.·/'(: .,\'i: 11/..;1\.:1" be effccted ti)' check. Icucr or credit or lo cash
ID!.'''' fl'1'.'.. 111111 1'''1 Lflrn·l· 11-'1. 0
....
.,tI,...·l' 1o.r'lfl'f/J)':· pub lic bodies sha ll taL:e ;nlo cOll.'iidCTluion the
AI l'fI:J-.,· fh1A"ItI-·} lDat ! followmg l'mena:
Il r{J:I'~.. 1'1'I1A' .... ·l- "',;1 1Q n.,- ')w,·l- Il 'Ile cOSt Or !~ ac, ivity in ques,ion;
(. 1.t:' filO)-') 1o.W 10."-".1"11" "',;1 fl"'f.ll 21 3n in ,lia1 assessmc nl of the revcnue po'l'Oliai of
U\n-l' "')~t1 :"tI. h'i f1l1.tI-'fr r-·,.,,...,,}· 'hl' lI:!e and ils mmificallous on !hi" sCl ivily alld
o1·"IfJ ('··}- 'IJ'. 1'''t'''I. ID' '~ ID-m.-l'! Olhcr ac,ivillcJ ofl lle goyemm em;
ti ·'·rnj""1."1~ hiJ71D' '1lJ'.\/" Ilh1A'I'I--I, 31 tlte will ingneM Md ahilit)' or users !O pii)' in the
... (.,.1- 1o.'i h'f",")/I>- .tI.,~c I\-"LA Y'l:r:ao-')
hght or !he quali!y and valuc or lite good s or
L :J'.r,"~·l · M' 1'I+~ 1 1.<;
setVien; aud
Il. -l'I11,''' ''?.,,l- "j):",..:r. h" "1'I1A"1i\-·y·:r·
4 !he appan:m le_cl of uscr ~;llrsfaction on !lte
W I··1· 1. 'ì .,.:. l.'r ; 'Il (l/V"'".,. .1''1'1,,,,,.,
q\J~lily Ilnd value of llle goods or SCTVICC$
, .,"t 21. ApprovaI
i> f-·'"I .... :t· - ....6Y t\.,.:f ro"J\. ;VI"."l-
l' HCilds of pubhc bodi~ )hal! be ....'qu'red ID
A.I\.II./'I ''',:>'1 A 'J.I\.IH'" n~l1c Il'':''9':'' '1,f.
iubmil for appro\'al ID Ine eounCiI of Mlni.lers.
1"'Y,y'I.·n n""" JI"'l.''''lIh·l· .l''1rn.. ·}
flmposals on ne\l lee$ or charges or on
f"""fl, ",HI n"'1.Hl"l·~ ntl·A n uy.~.n·h~:r·
varialions lO ell\S\ing fce~ or eharges Inrough the
tI"he Il'}' M'CUID' ~wlflr.·} Y.'ì'coH:·I'f.\;:
f' fltlU ""'~lI.' ')0.1'1 """'K" ai) 1' ·' ·~~l·W ..
2'
Mmi,ter
'<ot"ithslandln& !he pro~lsion ofsub ar1lc1c ( I)
1'''''')./1'+ dOP'I.,!' 11..r.:r- tI'HI
n.~·ctl"
l.i·fII)· f"'l,'of'Cn·"'· lt;-'i f"1JlIn·-}- "'À ofrhl~ Antck.!be MlnlSler $hJII ha~c Ihc power
"r'r-T 1I_.t.01'1-), f"1.h'im') t-,.,un ffl,t'.SJ" IO appro~e proposals of f.:es or thar~s of goods
nh'+(lJ' ),,; n""À'1r'r-1: f"1.mf+m' N ",m 3nd serviccs. lf sueh r,ooch ami scrvic~ an: of il
t>. "';J h'lie 9 ('/rr'l -OC:) r,",MA'" htr~ llnd !hal il pubhc body don oot $upply or render
\'hfj:fn .. ÀII n"'n,M'{- t\.tI.e-ol- j',.~·""A" IO !be pubhe OlI rcgular baslS or !he uniI pnce of
I. OO=t101t
w!lich dues nOI ellceed fifly (SO) RITT.
f""'J"1I"'} ''''l''(.J' 11.-r.";f.
f"~"'i" "h1A"lI,",}' '1';19':1- n~IIC 22. PublicatioD
'l';J9'';'f. 'Ii'. r-t·Y.1. 1·'; rtlr.4r ",/l'f'ri,I'J"l'" ,.t; Ali public bodies snall pubhsb the delnlls of ali new
111. 1t"Y,tI't-(l ·} .,.., ·,"V"e fltJlll.·NU1· ...,0')"'+ appro,ed fees or chargcs and any appro~ed
"1-'1.11 11\ .... ' r~.t"..,..r 11<1:, r-I"/.1 unle.s olheno ,>-(' aUlh,mted 1'r) Ihe hc;od of Iht
IL'I, rn'l,e :~'1~. l,AL"'''. n(H · ... r; It<i:'''~ public body
n.tl"lm.... n(ll).", , r/.· .......... ""n... 21 Tltc ma'limurn amounlS ohuch ad"lIKe~ ~lIall
..,m/.·I."· hl\(I·1-:: be eSlabll.ncd by III C' he3d of Ihe pu\lhc boli}
f l""'.,.,,,....). """"·{.1 IL')' ro'l,e ;YI~. ,py.\I""
or b~ an officer aulhon7.M m "'Tllmll by lk
:YI..c ..... O"..h·~: 1',"111\0>- "'/...,.1;< 1''''1:''7.Y
IIcad of Ihe sanle pubh~ body lite crueria for
IM:l'\)o" II~:'I'~ ""/11') y.,"n'''I\ :: 1'.}1:"7.1
1"':11 It<i:-f·r,< _(111 1\-1P(l1 \1""1 Y"1 de!~nmning tht 1ImUUIII of $IKI! adV1ll1c-e!i shal1
1J.~:I,,.:f _-;t'I')' h·plfl'I,.: .... "nn·)·(. 11<: dt'tc:nmno:d \II òh:tOfd.iocc .. ,eh Ihc-
n"'.1tnn'lII" __ /.1 ,.<fJt'KA - d, reçtives ,o 11<:
b)" .1Ie M1I'IuJ.:r 15S~d
I
"
4/
ovcrdue advnncc
Evt:l)' publlc body $hall ellSure \hai ali 01 its
nt.·II'1'm- .t.:t>r: ... "/..'f~') 1''''1,11''' 01IY.'I"
m·1. :1- f"'I.<TI/II- ....t-.,. 'l" l · f''''''w./.1fm-., cmployees wh.o ""ign or ""in! elrar adval1Ces
1.1L ''''''"'1' h~.I' Il'''I''f5:,' 'f:0I" .. ,,,.'l' beforl" \hc) rteeive thell lIut payment of!HIlaJ).
fUl" .... ·l· ,'t.r.:..,...f' Il't:! "......111'1-1 5/ In me month rollowmg 11M: end or each fiscal
"MI'l-"
,... " ".."'1'
~'I''':':'''''r r ..... ").,.....:r _ ...,,/,.1' 0. ,1, ru,.:·).
year. each publie bod)' 5hall preparc a complete
anal)'sis or ali OlltSlanding adv~nc~. Th.s
<l''''''' ItI'''' "'1'(1- Ill\lIl- ,11(; 1"/''''.'1
J'A·"'r~.1\ 1,·)0.1:'''1..1' Ir'i:Y 'rrt: 11t: "MI(I""I.
analy,is sha ll isolate nll Ihose QU1&tandlnl:
.rtl:'):!'A:: ,t'.I) llt:lI(; """1I\"l fI.""I\(I. 3dvances ..... hich are considcled lO be
r".,J'.'f·I\· fA·I'II,,-I\· r.:t-Y.:"lf tl'i:.1'1'~···1 irrccovcrablc and Sh311 be 5Upponed by Il brief
n""/'Il"l' A.""l'u'l· fAif/l·n·l·') rll">J' -1- indlcation of ",h)' Ihis delermmation was made
1I"".J""y. "'~r: OD"1I\'"'i .')(; ,,,,·)0(.'11
A eopy orthlJ analyJIJ 5hall be ror.....arMd IO tlle
}'/ln·l- (ltf.,! .:t-Jf ID' m1.·)- '1_ '" fll\+
Minislf) \\lIhm IWO monlhs or Ihe end or each
01].1\·1- ,II':.,}, m-i1'1' l\"U.fl·'.<;. " ..... 1)
"'I\O'}- :: fl.iC31 ycar.
1I..1I"-'l'J'0>· 1''''1..'1'1 ''1",,'0>-1'''' 11<t:! !H"~, of Ihis Anide. thc pnnciplc of ,,"rite ofr shall
Il'''' n:'\" h1'..r:'I" ... ,.: ..,.....' :)"". oh:1'1'"~'y
apply IO ",ceivable.~. obl igalions or elai ms OWlllg
,,-.r.I.·"·I~ ,m')""",}" P"'l. ~,lI.pn ~7'i:l:
to Ihc govcrnmcnt by ils fonm'r employ~cs tha!
,,"'W" ·'·('Hlfln. Y."111 -JJ~_:'" mJ';.V"
PJ',1'1:;-'A 1',1'4; nU'!''''''fl!I'} !1""111'!l are discovcred aner Ineir employment ha.1 ~eased
r,,,·r'tI:1I m'(:11 ,,·,c.7"'l. J';.II"'A ;: alld alllx:netits payablc to tllcm have becn pa,d
40. Duty to Report
• 1.,.-11\'1.'\. ..,... .,.,..... ',} . ""r'~Y IL.) • 1lI''''~ 1I AI Ihe end or e;>o;h mumh C\O:I) pubh~ ~
-w.t:)f -"()'fI'lQ 'l'.,."If·')I ,,'.:1-)1' :f','" sh.all prep;lfc compk' .. al\;ll)~I~ 001 JU
rr."':;''' . .,."1'., /1"", -1\1,,)-
1""-"''
:II
,?,.:",,";f M' 1",..7111;'" 1'J'-t,,:r- n/'.f. obligallQ/l\ and ~L1.ms ,,11 •• I1;orC' cOllMdered IO
r ...,.... ·,.r.... Inl,ll (U-I\~. 'I". Il''''r:I. n be ul1Qlllttublc and \lIali t>e .uppont'd b) a
"-/']'1'111,1-" 9"ln )"1' n"'IJII. Ilr. h"l"r. bn .. r Slalrmenl or "b~ IhlS Iklcnnmau.," "as
""·HI ..... r ,,· r:r~. ''''l,f'I 11/111'1- madc
( fth'f')! ),H' IIo' I; /I·N'IIII l " A"tI """'1, ,1,
2/ Subjttl IO Aniclr ~ or Illc Proclamalion, ali
r'''','''''III~') " ••" ..,.! n-I"" A 1'-')"1;, "')-
"''l''M' IL·r·l· nl'tJI~. ''''i.l.L/.'If tI,,"·w)r,:,:jU. public bodlC~ shall (CpOlt ali f((tIVabb,
'''..,.:'·fn.. ') ,,'(1'11'10. '1."1-11 ' ·,,,',,:1' ),S obhgauon. and clalms .... h,ch ~ oulslandmg
t'.t':J'If1A 'rJ'-Il ""Y. ~.rH;~. r.;."(:.l· 1'''11':1,''/
al the end or~very monlh IO Ihe M,nblry ~I\d
1.11:.... \1'" 111"1-'" ''''I.U.(.1i' " ,,,,,/,,,,''1'0''
$hall ~pon ali recel\lIblt" obligal ioM aoo
l'''~.:J·I'!II'' ·I 'N'lii-Hl 'I."HI "H'.:'- "",'
j'j".'JfIs;'A 'f'," Oo/·m·.. .,..,.".. 1"111.·1- 't-.l- c!aim, ... hi<:h al'\' oulStalld mi al II\(, <:lId or
l· .....·)., .... ,,·} '/.",." u"n'1' t;.o'I;·l· r"'f;I'."1 CHI)' fis.cal rear III Ihe pubhe accounl for Ihc
"1r..:J. "fI'I'fIP'::
rtS<:al )~r ju5t cndcd
lur,lI n",. " "'1/1110" U"' w,",-; """'fll"?"
3/ In addihOll, ali pubtic bodlU shall n:pon ali
" r-'l"1I'''l' -,..tl IL ·l · " ''''l"i'
f·,.... I'./fIl1'·,
f J', ,..,>;,
"'nil"lll 't.",il l
t\ Tf< Ilflll~. /l '''(~.n·l.:';'
"" .:"M'T'lh.' recclvablo. obhphOns and d'"m \\TIUCII off
cach momh IO Ille Mmislty IlId shal! rcpofl ali
n-,t'(."1 "')0\.1"'''' lN'm<;"'''''''' ror.·}o fet\';vablcs, obhpnons and cbllms "TInCII off
'l''''·l· I, ""'-lIlil 1" "0(.11 11"" 1 '011"10. '1.,.,-1) 1
"1r..;J' IJJ)',V" f}'.,..I~A '1'''',* n,l'.... -,-.}-
In Ih .. fiKal year just cndcd accordll\' IO
fI/J',V" 'I/lf.·l · 'i"":J"l' r 'I·.t.II- ' .... In.. l "hc1hcr Illese wnlc..offs perlalMd IO
n-M.]' '-;7' C')' '71:(•.., "/In.]· rcceivables, obligations:md ct..jm~ orlhal )ear
i i, --?ft'r or or prior ynrs,
"'fI1l"1Q 't.''tfl:y·') , ..".:",.:r-') M,.V" rl','fll'1t\
41. Dlreetlvn
.,. )'e .l'':t,') '" j'.~ rMII,V'J. h":t\ 11-11"'1 r-n
The "TIlc-off ora n:cclvable. obligallOll or dalm or
(.". h""1W" f"'l._/'.tI,. o"'O.n·l·ç. U",.m"jP"
pan or I n:cell'able, obhgallOll or clalm shall be
" .. _.-;)' ,,..,,.(..). j'. 'f"·t\:;
dOlle In IlCcordance wl\h din:cll'es lO be Is~ued by
.hc Mmisler
PART EIGHT
r-ne'X llg-c "'" '-n .....x1 PUSLlC PESI AND IUE IHYESIMENT or
11"11 b 10M" no.,t'7 PUBLlC MONEX
:11, rilg-c bOt,llt' n·N,·d' 42 . Debt Management Stratea
i> ..,.~.t'I ·l·~· .,."''' ....... , '11""' "" m') O·'-'Wl",.
V~ r''''Uy.I;·, "'/11:"")" ',,,., """'1'.,).
Il Debl Jnafliliemcnl Slr1lI~leJ shall be tk_elg.pcd
by (Ile MlIIlSIcr ba!.cd on Ihe o.eratl ubjcCll\e of
)'J'.(.1 M ' Plal,' -.,.~n') ".,.(..:;>;> -w.
borrowing appropJial~ amounts Il approrn91c
.'JC 'l''''IIU~ /l''''V''.-;.·l· 1I ·1~.IW"
"'L',W-
li ~ and m a "ay Ibal balance mi nlmltallOn or
il~ r: rj\~ ....... l''~.:''' "...
f''''ll'''t\ ... ~V"l COSI "ilh tOSI SUt>ilil) aod lakllli !MIO
-"'1'..). ' 11;1'.1 "~l:\' -lP'n~ f"tJ'n:f.t\ Qlnsideralit)ll tlle Ie:~el or dtbt .nd thoc ablhly IO
fill:l : ... f'I+~t.(: f'I.}o.-; ••l;ìI'. "'I1l.'1J<i· r~·pa~
Mo·l ·
•
I I 11~C OU'f.u'M'.·Il·} 1.11. 11<11/1": lI>"Ll. r1T~. 2/ Borrù"'1I1g shall 1a~C imo acçoum non-int~resl
f','/I.rf- hll.(:ç ;>C \"".1'.1'11' <IIm.JI>)"·) COMS. such as lhe diffcrenl markeling co'ts
h-w',}' U>-(']'I' "7/\1'1'1' ),/10+:: fll,U 'H'.H-'(: whieh are incidental lO borrowing. These
<II'Ll,jI':-"· [·I·/I.ri! l,d?,?!"-)"'} T h'i":J'''·:y.·)
include lhc various eOl1lmissions. fces and
r..:.i((,]·l-.:.t:·:f'} 1,<,- f'i . .e"·!I'l ,ull/l·:Y··)
lllhcr adl1linistralivc COSIS 01' rcg,iSlrars dlld
f ),(']·,...:f,(; <IIw.JI> ;1· .eUJ.9" 1.-/1.::
l'I 1l~r: O),m::I>'1f. ),J"~u'f_ '1.e ),(I.;J',!! [lf~ fiseal agcnlS.
tl>-1T\.·l· f"1..,nh·l·(I· o·/·tI.e\'''· II'nu·1l ?·tI.n, 31 Borrowing shal1 be managed In such a manner
rIlf.'1'" Oh":J' ·"I.W) '1.e rUY.LmC as IO prcvl'm any negallve imparls on Ihe
),tI-t.;):)·l··) r""'MtI· lJ.'J,.:'·Y'f'} u"ll~IIA
generai l'conom)', such as crealing. instabilil)'
0"1. .I'l'l1·A ""')'11: ""·/'I\f.C .e'iCfl;J'A::
!il f),<l'C VI. 1ll:C oo·)a/ ..... ·l- (lini","::)'· 1.'ì in monetary poliey ur balanee of paymenls
OAlINII''I' 111.1' 1. '}~n7r'1. m-(']'I' .,(ltl>-'} 4/ Shon-tcrm borrowing shall be based upon
f'f. ''111 ".,_~'} 1.1.'\.1J-9" l'1ft 1.'ì ftJJ€ll. reliable currenl informatio" on mc govcrn-
ol': ·l·'} "1S"")- O"1.oo(lh·} )'1'I·I'''y~"l l'In mcnts balane\' lf1 the banking syslcm,
"''-''.+'e ""t_it"l """'I.'} fl~Y~t."'I '''''''"l''' exehange markC1 activity, and budgel estim -
),(lfl1':: ale. of fiSCHI inflows and oUlflows.
t. -ne'T f"lItlOJ;CD- :fig=c: 43. Borrowing by the Government
"'O.l'l·l'... r(lJ'..<I'm-"} '1-;"'1: f'i . .i'-'ì"}l'l (l~.( The Minislcr shall, in accordanee Wilh lhe approvcd
" ...... t_·l· fl"'1l:t."1 1.. -"}"1 .....l-·) f'i ..f',~")f1 ":'1'11'
liscal pIan, submil for approvai or lhe Council or
f"U'''l.'1 t"I>-,,~ '1''1,0 Ofl'l.t:'l'l·l 'u ~_
Minislcrs semi armually proposals lO meel lh<,
1'I"'l.'t.(']-h:-:f ?"'he fl1' ),-l'Cfl jflnl: .4'.<\:: OU.lI
'M,~·l· f"". +COm- ra>-<'I~, . '1''111 0<1"1' ;,. O_fH',r. goverrunent's tinancial requirements The>e
1.'ì! W,i'.?'" l''f'n,lo'ì M'.)"') ..."I>-"I·l'~· -i'i1") proposais shall conlain mfomlatiol1 on how lhe
O""<'IM· ,,'.!l'f· f"t(lUflil (/UlI'.,..~ fflY.1AO' mOney shall be roised such as by loans andlor by
Obl.;fp':-,:'} -.1'11 l.tlO'1-:: Ihe issue or sale ofseçurilies.
,l!, 1"'1) 0+5- f ....fllJmC e'A".!' 44, Regulatory Power or tbc MinJster
"'1,).01->... fon'}'? ......} rA"'1·1· f:C~.f:y. M- The MiniSlcr .hall havc thc power to regulale lhe
.,-!!;'"".). ra>-"1~ ),lC 11f:r: manner in which public enlerprises and financial
f"'uoM.O·}'·) "' ... ;.1. )''ì 1',01: ... ., ),~.1fJr agencies obtain foreign loans and the ex~ution of
f..4''''lmtrA:: such loans.
,~ . .,.Ot5 45, Guarantee
fii "u.n·l'1, /I~/~:"JI>:f )'L~fJ?'" '1'fl1 ' ~' n,fl'l' 11 The Mmistcr ma)' issuc guaranlce for lhe
f,)'-I\Ct :: 'f'll-)-·'..m-·' tJotoflm·f; (\,!.~1· \''''IJ~I'/\+') pcrfomlance of obligalions with due
consideration being given lO the following
Il-'I.:J-p>'f 1l"'I:Jl1 "'1")0'-.+ Mo·l·:-
condilions beforc issulflg guarnntcc
III 'f'n-l",ro' yflLtl11l·1··j ?"'h"}J"} )''ì (a) the rcason why lhe guarantee is necessary
It'f'n'}','a>- 1''''',11'0>-'' 1'79'" and Ihc bencflls to be gained from il;
fii n'J'n'l'~'(\}' """'I.·lo "11n)'" f<"'<11""lo (b) Ihe probability and consequence. or lhe
guaranlee being cxcrcised.
l"~:" r"'f.,c,IIlr: MI,m,n· f"'iS·t.tf>o.,
21 Thc Minisler may Issue a guaralllcc for Ihe
,,/jr"1' ),~' f"?,.rnh·lotlo>-, o>-m.'lo::
perfonnance or an obligalion lO repay pursuanl
" nt1.lJ hHK" ·w·n )'"H~' (ti) ","wl'} to sub article (1) ofmis "nicle, provided thal
"'I.'~flh· Il..,'''';.I'?,:-''· l.~,~tl?'" 'f'M·" flfl'l' the procecds of the l<>an in respeci or which
f"Y, :fl'lro'! 'f'h :"'i \"1'101'.,.0:" il~'r. f;" llil guarantee is sought are used lO linance lhe
·,.rotJr-:f 9"hC fU' Il'''1..I'O.t'-t'm' re\"'I·l· implcmcnlalion of projcets to which priority is
glven in lhe developmenl pian ofthc govcmmcnl
6;r~ -l'.\'; "'1..1' n'''I'1''l'r",' T/:'J':h,Y·:): "'Ifl~,
approvcd by lhe House of Peoples" Reprc-
Il'''l,}' \''''l. m·t'! 1\.1f') ~m·::
~cntalives.
;' '''I.~.f'I.).(. fI'''I.flftlf!t- ""d,'; 'l'I1\,"'''~ l'IJ'~ 31 1h~ party bcnefLtmg from Ihe guarnnl} ,hall
NItI 'f'hl'ìlO-"' ~Itl' "l'u'H"(. )'I(Itl'ku-1 h..:!", Ille oblopllOll ID reunNrK An)" C\pell":
"'7Y.'o~·~ (Ul.Ll,. r,,.,.t-1rl· '1)'..:'- Nln~" III'urrcd h~ tlle "htllltry IO 5IIl1lfy 11M: gua'anlcc
bliiot-,T 46. Inve.tmcDt
/H·m .... /"II\<U- ~:,y.: m-t'l'f' 1'""1.11 .,..... n","i.-C Mor\e\ m lire c,.n\OhdalC'd fulld thal , nOI
1,11, ""OT 1\t~1' ,."j'.LfI'7 11tHI .,.,11-)'<; "tnnallJlely requ ....:d fl>T payTl1cnts. slI,1I onl~ be
M',"" 'II'. h,liil'l·'" f\u."I Ml-M"' -O.n-H- J!lJ tn~"eSfed tn sccuritlC"l .. hm l11e MlilUn \S 'Iòlh,flCd
• 'ntH1 1tM:'"P'r fl)1"i:1 .....,J'~'1 .h';~ T)fM1 1113/ il l5 trul)' !lUrplu:s IO reqUlrcmcnl1 Md cann," bo:
....n.l 1,',' '<1'1\'/\ ffr fI"1J'fI1'J M'" pul IO benn ~ in sonw OI.hcr IIIU or pubh~ de'bi
,......,..,,-.)- Nn r"'1I\-f"JIfJ: -''"'1',1: 1I1"llD'A mana~cment.
•
, "~J.fI·N.
1J1l'il-l
<O1';~
Il''lP~,,,1II"
l' l'I1r.
fl\1C
~"T
~"~
....,..,.
nr'li"+C rY'/l-'"';'"
IIV' rH -1;<
1"""n-1i1l1t')
21 No assignmtnl or thc dOffil'slie dcb~ or thirtl
parties or the righI ID col1«1 thf d0me5lic debts
of thm! parl1ts shall be made IO the govemmcnt
""1!-}' ti1\. -H'w.r ""''''''11''.} "'In·,''\I\'f: withouL the approva. or the Mmister. Sudi
I\,..;1'M'''':: CIu,ll 'H',~·} r"t."'·"'"~ M as:ngnmcnt mUSI have thc slgncd
"''''fU:)-}' 111 ""11'). fl"!).I'l·H· u ;..., acknow'edgcm~nl of the asSlgnmen! hy Ihe
""(..,"'1' l'II\IH' :: "'I).n-}~ r~1n·I·'\t\4··) Minisler. Bcfone. acknow'edginli\ the assignmcnl.
-/-"1' 1(; h-.,.nl\.· fiL'} O-/'1QU>- ''''')11;' thc Minis!cr 5hall be provided wilh tbc propc:rly
fo! '(• •" m .l,;>'f. m.e- fI...l:CMI- ,l';1'IA:: authenlicaled legal cIocumenll.
:!7j. r_"/,,,+ ,,,li li,... ri..e'ilQ "'b A
il "·u.n·H .. '''' ..M'1fl 6~'(:" h'ì
h'f'1."f f"t-)Ulo-l-l 1'-')'"11"+1 1'1')/,", 1/. Tbc MimsICT slulll mstrua Ihc Nauonal Bank of
~'1,..,.l- n...,.-nh·} I\ ..... +,./I;-.f' 1M"t..'t EthiopLl 01'1 the govemmenl's requlremcnts
lJ'nl --t'.f J.'.(I"Il\ :: illÌsing From tI'Ie flleal p'an and borrowing
II "u.M· ~ rh,: },.l\-y 1l,1~","'f. /1')11 prodama!ions
0-')'1... + t'1 ..e'l'·)n (lIh,AH- M'.I.'!»- 2/ Tbe Mmisler 5nal1 moOLtor the pc:rfonnance of
"1.:)-(')71'1. UlC'I'f. {.;n:+ 11 ').'\.,.,.r.o(1l\,l· thc Nallona' Banl!: of Elhiopia by rcquinng Il IO
I1m·mr.}o frJ'H1-1 1..'(""11" -h:.H"A provide monLhly reporu 01'1 ill acl"'ilies as the
~
"'/'''1'''1'1<>
''''1j.fl ·h~:r·
-.n
h .... ..:·(:-II ......r.'}.'f.
1""1:
I,.c.,J'Mt·A """)"11-0} :1(":
"'1I11'}':
(L·l- 10").'1.':7. ... ''''Y.III
g(wcnunel\l$
I~ral govcm!Mnt
21 Tlle finaoct:l!
sh~U ~om::spond
r~por1mg
wnh thal 01 th.:
n:quirerntnts or file
K-""'~ "~.K-'ilfl t.;rt;·l· ""'t·(.11 ...... C'l·}·
COllllci! of Vllnl,fCrs shaU [x, o/)se ..... cd by the
federa! and Stai.: govcmment~
""n·l·: : li l1lc Mmister ~hall pm~idc .hc neceSS3~
l' "IIAt\ gUldanee and suppon IO stale govcmmcnl> tu
rIlA,...1-1 "".,,S'HI "11'·)·,·"f- Il''''''''''"1'': "",abl.. lhem ~Iahh\h ami malntain !iIlOlllClal
r"UO:r'A r~ ..e'i"1fl "TC'l- " .... t.(.l1 reponrng ~y!il.em tha. '" 111 facllit:ue ft<.krnl SIale
l''c'''l' 1I"7**Y" 10',' Il "" .1'""11 h ·M. ";fII·
linancial rdallun-
"H.n·I:';· ·,.'n..... ., f.':J~: }'.t'I"It\:: 41 't'he SUlle 1I0\Cmmonl sha!! pr()~idc quarteliy.
fjf !'IIt\t\ ,.... .,·/1..:'..1· l''',.~.o·l·r.··f Y"hr.
semi·annual ami annu~1 finllllcia) rcport$ IO 'he
rl,-)· r·"!.m,e. .... u.., n~ ... -l· h<; "n.n·l·o;.
MmislCf \Il lI«ordance ",ilh Ihf Rquiremcnts or
J''''''I/1J"'' I.:CY" n'I<>II'''A Oro;.l1 '}ODi>
O"~/"'·II '}......., h'j nI''I-'" r'i.,e.'ì1f1 tlle Couneil of Mim!il.crs and tht- (ormaI
I.T(:·}· Il'''7.).''·}0;. , ... r.'III·:; t.1J'I'" tT dn.Jopcd by Ihc MIIIISICf Th~ rcpons stull!
r..}' rllt\fl.f-l 1fl.l"l·.... w",-I"f- 09"1 show details or Illelr n.'cclplS and disbul'llCmenlS
"",Ii:u~'; M,"Nl ''''II' -lt'1'(~:r. n-lIl'-1' by re~cnue 8nd e~penditure source codcs 3f1d
)· ... '/;'0-1 "J''- 111HII .fA·,·II~.IIII/<·1 MI thcir cash hal~nces Md leve!5 or oulStanding
,.... (11.,'.. fl"'(" hL'f""7'f'1J"1 r"'P.'''.e debl
""tfl hIlO+::
5/ The MmiJta shall ~pare consolidalecl
f; ...,.~.n·N, O/lU ""ofo'" 10-11 fil ""4>'"
''''".,.;.} l'hAll. " ..'l..,....:...} ..l'4',,;0.-}·1 quarterly, sani ... nllual ;md annual !inaneil1
·Ht:'Ur. Il''''h-''A .....·tn:t'1I11 f'i·-II '}OD.}. I ,~-port5 for 51a!e iovcmmcnu, m ItCcordance "'.th
r"/"1'/i 'l'/D·l·<;, '1"":"'" fhAII-l' 1'4...1'.... ·'0 Ihe details 5ubmlll~d by those ]!,o~emmc,.,ts :tS
'-;;I"r.·1· n~YII;J1:-1· Il''n.o-h:':r· 9"'he (l·l· dcscribed in suh ~ntclc (4) or thl$ Artide and
,ofoeI IA:: submi. lhe .s;Jme IO the Council of Minislcrs.
). '.,. ).O,}·o;. OIlt\I\o:y.'i O,(J./..t\ ""1"7/"+
6/ l'Ire Mml~lcr $h111 mlintain complele rceOl'd on
' .... 'lhA 1'-1",(,1- f4·,e.<• .,0 ,"·,~n.+n.I"T1
r...,.,,,.f.. l'.t-?. ... -1111/ ,e.Y-'IA::
~ financill .n.nsac.ions between the fedCfllll
and state govemmenlS
!I OIMÌ fi,t!iJO rM""i tlbMif MJ\T 1ltC 52. Sourc:e or fin.nçe . nd Lo.n to
fii 1'llt\A ''''1''11'':,,,1' l'of.y.':10 9"'1"1' Il''-'. be Gnnted to State Cio'!!!'DJDentl
Il Thc scuTte or finance or .he state govemmcnls
(,.1:\ ''''1·11,,·1· fl",.r."~A 1'/11:+ .r.-;.>'i:
shall eonsist ofthc re~enuc lhey gencnlle and lhe
,"',' h(,.,,'fto' fl""""I'l 10. Il'. )"-"'(.:"1\:: budgclllr)' sub§idy pnled IO tllem by Ihc
!f ···o.n·H· 1'11"'1\ "".,." .....",..). 1'1'11111 lovcnuncnl.
2/ Where Siate go~em!Mnts experimce budj:e!
~'I'l·)· rl"'U'71....,;(yl~ 'llL ItI'It:J~ " ... + shonf.ll IO aIIy r~al rear. thc go~·em~nt mi)
r~',:J'i: n1.:I-'I'm- "l, .1"1..... 71" r·...,.tf"l 111:[." givc them loan m lhe fonn or advance IO be
1\.0'1' .e )"."t\:; charged lo IhclT budgctary subsidy or .Ile
fol1uwmg ~ear
r.;t=hn ID-ut,t 53. T_ 8!U'DlOftb,UOD
61 O'<"'.<'I·A ~'ì t1IlAA ,...,.,.., ..... ':,.=t. ,.{.~ 1/ COMu1tat1ùn~ bct"'ccn tht federai :md sta!1:
"''1'''-1'1 :,·nfl';f o"'l."IfI·n-'l· IlJy.-r ~lJr; go\'cmmenlS shall talo.e phKe 011 .11 ne'" IK
;J'''I'I";f. n"1.tllIlm-o·}- 1.11. 1';,"111'1 ".",1..'" changed t/l.xes al bolh It:vels of govemmcnu lO
.t--<,\'Iy. M' r-t-'f"J:. - ..,.,. ., tI.,.t:;J1'1' emure mal tU la..: bascs are- harmollrztd and
O~'.""A<;" OIlAA _·.-.r ......,··1· ""',irA slalldardizcd,
rllhc -y'I."1 "'II0'}-:: 2/ The MinrslC'1" ~II providc, required, R'~h
'I
115
wlt t")$ A'i flD""i" 11""'" 54. Subsldy aDd ForclCQ CuueDcy
il f'J!..~·A -.,.., ....-1: fl1AI\ -"-II~:"+ 1lJ: Il The f!!detlll go\cmmenl shall advice tho state
;1':':81". 1l1.ll Il''7/1.:>1':·1· 1.").II.';fIl· j"'tr'l
govrmmenu or thfir booge1 subsid) ceilinp 11\
1l1'l:rJl-") r.t" .:>~ ol -}- "'M' 11m"""
time for thcm IO prcpare thetr budgets.
j'<,\II'":t'A ::
Il fl1AA .... .,.,1'..;-+ flD-"i" 2/ SUlle go~ernmcn1~ shall $Ubm,' Utelf forergn
:t'M'" 0+)191.. -AI~ M,l'.l1 -tr., &oYert\men15 llIl a consolidaled and eOIl.lparalivc
basis.
~fIO-}-::
JJ "n.n·l:"- fhAA -1'1....;.t··}-1 ri·,l'.<;1n 2! The Mini~ler $hall mler inlO 11 perl"omu.nce
~·'olon7(L,..l- O·/·/\,l'.\1'" Il.(..1'.<'1·1\ --'''/1',,1' agrecmem w,th the ~Me Ilovemmtllls, reqUlfing
r-r..n",'1''''''' Af!. .t".?<;: ,"tJ''I.I'. 1''f.'I11 _"'.J!" rhem lo sUl"Ply Ilmcly 'lItbrmation 0/1 lheir
1.11.(11-" t1l·n,~m- ~·'-'I.J'-f"r.n· "'IK:I.-/ 1"''1••' linanc.al optrluion III gcnerttl, and on the u~ of
n'fA "1IL'IfW'" (II'·\I"')-l· hllAA -""1/~;I-+ Ihc budgttlU"}' subsidy granted IO thcm by thc
,:lC .l'.L{.·.... "'IA:: GoYCmmenl In particular
57. h=udlt
rl..~t·A '/'<;"(1)- )o,~.·N: ''''l''t-.f' (L-l· ~"),. ~1j!' Ibc Federai Audilor GeneraI. alo pari of ID r'l:gular
-f.oli'" 1')0,-'\..·1' TC''1M'" rlJ.(.-A _1"'11 ·l· u
aud'l program. shal! audil the federa! govemmenl',
hhAt\ -")'11";1-·1' .?r. J'1.l.1/D"·) ri-ys'Jf'\
fl:çords of ilS filllll\Cill Ir.lI1iaCliOll5 ""th ~tale
1I1'Hl.+(L r...,.""tlh." (1D~"7'fI'}-1 r--t:rt..A::
govemmcnb,
•
tJ<i:A hl"'C PART TE"
r-ne"t XII1! pYBLlC ACCOUNT8
PART ELEVEN
~A .'1.....-.. h1.l-
Il!TERlfAL AUDIT8
'tll-ttr M+
g, ,m-OX MI'" ....."''21
60. Powor or IptURlI Audlt.
1'-''''1'''+ ""'U"'.f n. ... ':f
,m-/'rf' "' ...+'f ...,.,-'f 11I1erJQ1 .ud'b of public bodltS slull b.ive Wllimued
'0-19" r'''',.-",! I\;J''fOt-1 f4-.t.r"," "iU.,}-t; po",er or IlIld,' O'li:f the whole mille of linafK'e,
, ....". A'''II;+n. "'...... Il..,r: ...., IA.,.'''O ~ and ":U'II)' ofthe:1t pubht body
'U"'''1l h'l'f"':' 61. lM!ea 'M ~1'IffM1!!{" of 'rrten:.I Audit
ZI. r..nx M t +'1t)çS" ~L\+ Intemal.u,hb of pubhc bodlCl stllili'
l c:any OUI fmancw md,l rnclulbll& ateountS of
'-1"',-+ - ......"" I\"''f ,ID-II1' "'....,.':f:.
b "-,..'" I\;.t-'fm-l roC4;:t-1 i1r:c..- grIIIIU. Ioans
and internai revenue, and
,II>-n1' 'Hll M..w.,.,r. ,<f.,.. . ,tK' ,'t.-\. pnfonnanc:e sudn or tbc ... rnpectlVe pubhc
M. ·l· ,Y.C;J1't- 1 badi";
r ...,.Il;'·!'l nl!-l' ....+ l'M.'" ........ iJ".l- l submn for _ppro'lIl lO ihe htad of !hl: publie
(1''''',,,,,,, I\:J.:(>m- rn'l.t. ;)'l'':. h"r.ntll- body, Wl$' ",ori; pian of _udiI of tbc following
year mlCI communicate tbc same lO the Mlnis!c.;
!,.r: :1>11.1 re1. <f'm-1J'" .H-.r: A"U,II-t{.
,t"... .'I"1\o I • 3' repon lo tbe bead or lht public body, lht !eSulI
f' 11~w"'o}1 'M.'} ID-m.+ M-....'" or audil lhty utried 0Ul, DOIify lhe WIle IO lht
R.;t-'f" m'I" ;)'l'':' ,,;rc+ Iof'CfJI\-;: MinlMer b) lo copy or !be ~pon. follow up !be
n"'''''la.:Irll'' Il..,.~.n-t{. ,,,,,,.:1>1\-:: nt;rr.i: unpIaDmwlOft or mtasurcs pre5tribed by lht
nof'lollm- "'''il - . . lo·l- "U.fl+{. ,nmd" Mini.ster 011 tbe basi.s of tbCII' reeommendalion in
-r.. ,,...,v...,. - '-/:1-1 IJt:~-: rb++fI..".. !:be audn ~ and eornmvrucall' tbe result 10
Ul-i1~·1· (..re'l- II-!"'" n..... 1'I'JII,t. :'J'I4..... me Mtni$ler and lht head oftbe pubhc body.
A"'.V»~ ,tffl~
PARTTWELVE
M:A Ae.-.. !M+
r-n ........ n!li15 '1"+ M-X+.J: lcOssf§ or PtlBLIC MO!fE)' MQ pYBLIC
PRQPEan
tII,t.V- nt\-'l-1.II· nr+!f"..,.,.. "'",It- nof'lonm- lK>",e~ef mey ~ ~P<lrted. mju,re complete
/'7'C'}- 'I~ r-'''''''T -,.../.r n."" in'~If-.on ",tth full <"OOprflllOl'l or .11 tile
"'/~·I·~l· _fl· '}'il1l1: ';"C 1''''''1'1 ,.C-t. cmpJo>~" ofthe pubhc bOIIy
- ,.... .., htlfl-l·
r fm,."", ·t-mC' h"'1,e.I.Q."'~· M/H'r,: Il,... ~. 2/ wul! (ne c~eCplJQn of eCl'Ulrn mUlor emplOyment
."l: f"'f fU' 'l'i··'·:y. on·/·+c f""'}~,"'l' rdatecl m~ideoLS "hi~h do noI In~olve enminal
..·t··t"l1'"f ·'·mC ...U; rtt ... o·} t-hO; (II')}':"" a~lrv,I)', Iosses in .... hich emplo)'ce~ ~ SUS!!<,CI
fin -ri,-l' 1'I,I!'I" W'1.1'f0+ 1.11, M_y.t·A shall be rcponed to Ihe Federai l31hics alld Anli·
,"', Y''''JfJCo; III. . -no; l'''t'i!') '::7"c·l· CllmIplion Commission, ir socI! I~ consti·
''''I!.I.-' ",no,}:: tute an offenu orcorrupllon
fl Otl.1l 10.')4'1; ')o-n ','4'!\, (In r"'-nIH'D'" 31 Wn!toul pn::Judrce IO sub anide (2) or Ihi.
},,).l'.·'''nll ... If't O_').."u.} --,....::)' 0.·1· An..:lc. cnmmal acu .... hlth do nOI COMhlUle
....,,'1' r-l-LII<I"'Oo 'l'i-'} r-n'. (II',1.A offensc or cllmIption shal1 be n::poncd IO the
IIA"~ 1·-'lf. 111-'1.''''·... 117·l\..n tr/;·"!· potrce 'mmedialely.
-.l',l.''' J!.<tCO:"A:: 41 Any pn-limuwy CJ\am,n.alIOn undrnaken by a
§ o-')..,,.,·} ·,..,...t, 0.+ f"7."Y..I'.o>- public body sball be limiled lo ascel'Ulining
""",:e;""tf F.lJf II"C""'4- h-')..,,...+ 1")/111 \\hclhcr any allegalion of an ofTcnçe associated
Wl""" 1111.-)' -",-.], ;lC t·t"'1 1"'-'}' ""ltl! a 1055 or pub!ic mo~y OT" property is \\ell
-N.. !\'-;t'" Il'''''''} r"'"n'f", ,-11'),,'1'- foundcd,
""'i'~,') 0..,1.;111' 1\.1'. f·twrn .l'.I/'i''':: 63. RePOrtlDC
st. trci- OtI:ytl.ll Il E\'cry emplo),ce .... ho disco~ct$ or suspcctS lhal a
AI "7'ì'f0>-9"' f-·,..,,.. -1- "·t·,,,~ 'l'<I,'} -1.11 1055 h.as occurred sha1l repon il immediall:ly IO
_') ,U'.cnn·l· WJ!.9"' tlml.'I'C ..... Jt ,m-~ the head or hrs or her departmcnl.Thc Lauer is
I\t~A tTC·l- "7J::l.'" ... nn-1- ::
;)I\LI9- responsiblc for cn:;urmS Ihal 'III 1oSSC!i ""hich lIIl:
;'>''\1,0'' fol>l.on·l· {'Tc-l· 111"1.1(1)· ... n... n1· rcponed to hrm or her are promplly rcponed in
"II.C ~I\ La>- 01;\1·0;: t;t·C -1' .... ~(:J.1 wrinng IO the !lead or admlnlstrahOn departmcnl
}',)J.l,II-r r-P'ty 0.1: fm" }''ì t',,"1.+ or Ihe public body wrth copIe! oflhe rtpon to its
"1AfJ"1~ fl!.t. ... ":/1I' legai and intcrnal audil depilrlmenLS, In addition,
-,,).') t'''7(••?'!''r H' "'n n-l'" !hl' head or Ihe administnlion departmenl shall
t'M·I·~.I'.C ;>'1,t,19- forward a copy or !hi, rcport III Ihe head or Ihe
?'1".'i" n"1.~. r'I,N. public body and !he MllIiSler
J'.AI)",:: 2/ AH public bodu:s mUSI ensUl'e tl!al aH thcir
Il "7'ì'fiV"1/" f""'.-II-"-l- -,...{.!' 0.-1, '1'<1.-1' cmployecs are a"'<uc of Ihel{ l'tsponsiblhty IO
_LfI'.... ') tl)'lII'4t (.TC·l- f"'l~l.'7 :>n,-H' report ali IOSSC$ or ... hrch thcy have know1edgc.
IM'fUl- ""11'),') Il ...t·1·1l''r' ..,... mt "'nn+:: 64. C!viI ActioQ
~j,!. f'çXcbll .... C bcrl II Aelion mUSI be mken in accordanCl: wilh
III ""'ì'fIP-')1I" t'11//11" ")111.+ 1-~n·l- n""il direcli~'cs IO be issucd by tbc Ministry or Justicc
-M '''tril'fA t'.l," loC9"'~ , ..:·l-th IO f«over alll0S5C5 orpublie moncy or property.
"'f).il-I;C n",..f'w"/IV" --'::1' 00''-'1.-1- 21 When an employec is accounlable for il 105$ or
""'1111'11: ",no·l·:: mone)' or p-roperty, !hc Io:u musI be n::covcrtd
(. "t~.o'l·{- nM':( .... ,. ... 1; li: .......1.+ r-') frum !hai crnployc~ unlcss !he MiniSlet has
'7''''l- " •• ,...(., o.'} 110-', "1.1\.1'4111" n-t'nJ!. sptcifically aUlhorized !hl' Pllblic body IO waivc
I,"'L"''' nn·t<f'c t',... ').,,...,.l- ,,·t·.,.~ i'm rc<:overy 111 accordance \\"Ih Artrclc Il or Ihe
,.... f'U'~n·}') .f'l1.nll"') 111t.·l- w!.<r Proc:lama\lon.
ntHl "''''''"n h"n-1-:: 65. Disciplina" AetioD
S~. 'A OTO l berli Il Disciplmary action slu!U be taken in accord.:lOce
li' r-1'1,...·1· _,u(,)' 0.-1- rn'lJ!. :>1\,(, n+. wilh Ihe dircell~e i51Ucd by Ihl' federaI Civil
~1ll .....7{ ""''-F' n. N ..''7'!'
1. ').1'." '1'11lH' nl. Service Commission or by il dircclivc issued by
'~t·A rl\n.", ilcii,il .... 1.')r'l --tJ'''Of thc pub1ic bod) pursuanl to thc po .... ct$ vl:$led rn
"'J'.9"' <lo,...t, 0.'1: 0,1,,,, 0-""11111>' ,uA"" il by cnablrng, Icgulatlon as appropriale, againsl
'11D"lrI~ """"'::' """'I.-}- 1-~tH, n"'l..... tbc employee (s) i!lYlllvcd IO tl!e loss ... here ,hoc
1\11+/11' f' ......,." ... -} ,.,(.. -tl;' '1J'. 1'.I\.tl'/)\,') hcad of a pubhc bod~'cOlISldm; Ihal Ihe
l.cy"~ ...... lIn.l\I\:: cir~lIm>lances wamlnt slIch aellOO
, nlUl h')~11 rnM'I ".}.rlt ( II ) -"'1.0}'
" ." d'~lplllw)o Mt,on l11al m.ly be ta~tn h~
.l'uhl,,
f""1~II' ''l-
f,ll.l\ 'UI,')
1'>'1'1-)-
''''P'I.,.
1Ir.rll" "''1llil
n. ·l·
1'''1.'"11.1',111''' ...,'.-'l'O>-\J"' M
fll\';'m-
r"'.<DfI,.4~
~
M:rlf
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"""" In .K~"rd.t ..... ~ .... 11h ~u,," ~rt,,,lc (Il ili lh>s
ArtIde ~hall "ot II~t :lnY otner me:l~u~ tIMI ma) hco
t:tk<'l1 b) the appropTlJlc auloofllle,
Jo..I'n.,.r:v''', 66. Relmbursement
~1. M_t'!'}: 'ihunJ~e DI l'a..h rt'<ultrn, from h,,~ oC m'mc)'
f'''' ')'''II"' -}' nlHl Il''''''''i.'', rtn,l'·l· .,.~...,/. ",bI<:li nlh t',r .wdll,nnal dl,burs~m~nl In
h't!,n 1"'Y,mf.o} rn,HI ".t:-fli- Il.'';'"'''' tl:.mhrm.o: .J\all t>.: ~halgcd hl Lhc :lrprop,,"lion of
f""" '''J' Il ,,, l'n'Il'. :~"ll. tfJy.r n~."''''·
~ rdilt(d JW\U) o\l1er ,'pr'ù,:!1 b) lllt 11o:4J 01
f·'·-r.O .... 1\.1\ "·,,.·I·1j' r'lJ't1T:+- 1'\-1'" .... ,,"1,..
,t''1fl(: ),'.1\..,,1-1\ h ·' ·L ... ,.,... n)!·} 'l'' Il..~.r thc Pllbhc
ma~
bnd~ .., ~lI\:h
1''''.1'1/0"') 1'\-(1)(11 ..' 1fC1l~1 t\.."...,l ·} delrtnlIlle tbe COllI col) 01 llIe ~I~ aru:I prcparc li
rJlA.!"'''' ,."t't .r~.""A:: IISloflhem
l'''t,t'''" flrnhl'!'T L+ 'n'. . . n- IIL+ 11 lbe commlltec m..11 conduCI the 'MpeCl,on by
" "',tflo'f'<,
- ...(,.}
''''.'dI'"al"
jl"C-,:.~"
111>-(.1
~y.~';
m-')
O"".'"tI/"
M1'W'r
opcnlJl!: the saf( lI'Ic pl'C)CntC of '" lUlC'Sses ami
Ln
reporl Illi findll1!; in accordanee ... ith dlreCuves
'''·m·l· 1:7'1':"" "'1:(.~ '-I\n-1- :: issued by thc Mmislrl
H. 't.N,.}·" a'et OII.,t'., 68, Reporting o(Lone.
/il "",':r:tI~1I" """'1- n.... .,~P'·l· '1."111 /p"fl'f' Il Ali losses mUSI be reported In Lhc public
(.7'c,l· -'.1.'" ",nn:h: lIC<:OUDlli.
Il "'m*"~ rnllil 1-~":" IML"'l 1\"" 21 llu! gro:s.s amounl of 11 losl (e~limaled when
~'I"'I:')/ "''ì'f~1r 1"-"71 ... ,r.m.rr.
101:M, n·,.LII ..... n·l- ml!: -1- 1-<-T V...,il
D«nsM}) e~dusj\'e or f«o~ene5, is lo be
reponed m !hl: pubhc KCotIl'Il for the fiwll yeat
t7'c+ m,r.1I" 101:"'" nmt." ... .r.:J-"""
tI.+r. " ''''1'lt·? t\.""
fl"T.':fM+ 1-<-.l- m ",hu:h tbc lon OC\;1IITl'd
noI diKO'~ in lime. 111 1M
01'. . . he-n Ihc 10S$ is
fi~1 publre
n-1"P'·1· '(''til t7'c+ ~fl,. tTCT
.r.~.'- ;u.. :: accounl5 IO ",hrch ,1'5 pracllcablt lo do 50
fl "'J':,H·";f '''-''1r f\f.I:1- "U(\. n1' -Mn+ 3/ Rtt1JHT1CS aga'MI 10!''Ie~ a~ IO be rcponcd in
rn)':·l· '1'''''1- r''''.,.,,,,·}· '1."1'11 I:rc·l- Ihe publi" 1Ieeounlj for the fi'iCal )'ear 10 whrch
""1'..1:./ "'lIn·h: III<: amoun! b reco~en:d
31/ _".,11+ Mf,M' Nn. 11:11 69. Time Ltmlt o( RetaiDln& Record..
iii "''''1',0-9'" r......,~P'+ -'''tI (l-}'
I. .\11 pubhc botb~ ~lull relam .n finall<:.al
(l'''''''/.T IL." 1O'.r II/p"·l~ ....Il...tc:"':f
mr'>rm..llioo and n:(or.4 fUI a len~th nr lime
".,t;:ftl~,. 1:~~ n-I::II'~·l· f ",.,,11 LA"
radcqulte lù rm' ,dc ali re'lu,rc,J Id~rcn.:n IO
'}1 t'4.)'.... .," -1,'}{Yl<; """1'111'}- n ...
Ihal mfurmallon Il}' Ille jluhl" bOO) 'l~tf or
,un ' .11. ...,.JII'·l' Mn"" nltrnal ~ud\!" ....
1)1; ~nIç 1..1./,-tI L,.-;t ;>11."1 .-re _'Ii ...f1hL!I'" /t§ ru '1.!I"'. Fttkral Ncgaril G:uela No S5 Octob<:, ~ .. 2010 P'I:" 5615
II f'llLU n·~·f>t) n1O-ll J-..~.,.)I; 1& r1--t\I1100(!}< rt r;c.Y" 2! Notwilhstanding sllb-articl., (I) of lhis Artide.
..,... :r~ f'f..e...··H! ""<.lf9'l.... ''''''l''ll1 ·l- n.nl'l ali financial infonnalion and ",cords shall be
fI},p>(; 'l<"';l- -4-f.l- MfFfw-:: retained for a minimum often yeaJ"S.
il. -"rt IM'fa>- r-~·HJt 9tlf]' 70. Type of Record. to be Retained
IlllU .f.111 J-.1-#'"JI\ ;>iji """ .....} ""~f·l- .rM'f'u" Financial infommlion and records IO be relalncd in
r<f·.e~··~l'I ''''<.lfY'";f<; -'!""il'} IUlU n:J-I'
accordane., with ArtICle 69 ofthi$ Regulalion shall
r·I·""lIh·p-'t··, J'..~?" &-1'1.:.
include !h., following:
IH r"~~.n·l·r.'";f ?"11C. fl.ol· I.SI"'J'..'r "?).n-H·
1'M. .I'0.(· -"''1'(1)- N"t:CJ. "'I<;":tr>-Y" "1-Af":-;'! Il subrnissions for approvai [O the Council of
li l.c?":I!" '''''''111'1.1 f"'l..J'f1(.A. "7<;'fID-Y" Ministers amI/or me Minisler;
"7nt.;l!".r'f: 21 documcnts Ihal infonn of decislOns being tak.en:
[I f4.J'..'i1t'l 1JW-";f"J M'-IIt"r-r r1"u." _~~C:-;'l
31 correspondences thal relate IO financial mallcrs;
21 ~,<;'ftr>-r llCllC r'i·J'..'i"1() 1.14'l'I-"'r'LY':-;"'·
41 details of financial transaetions and sllpporting
F..:U., (lV.";f I
(;I r'!'of.. 1')1111<; r.r.(./l'ì":r· ,.... ~ .... 11·l·1 r-"IM· documcnts;
...,<;":tr>-Y" -"'''':J''f. r4-J'.. ..·')n -~""I11+:: 51 basic financial records such as cash books and
(:"j. Gl..A h:}:C\ h Hg,P>X Ol!-mtr rccords ofreceipts.
"·U.l'I·)~ flJ-.'l'!t<; OIW r.111 r·,.,u.;>tr>- 1. Usini Electronic Methods
r''''1''1''''-}' r'i.J'..<;11'1 J-.fH·AJ:C l''C'}-} .enA'!' To enhance the efficiency and effectiveness of Ihe
4'tl n l'i. ),'i"" at-m.;I'" ),1A.1f1 Il...,1; ....... f '''lJ' public finanee adminislr1ltion syslcm introduced by
nl·fI· r)"AI1-}·C'~.11 Il.r.9''f nM.·} "'+?" 'lJ'.. the Proclamation and Ihis Rcgulation, Ihe Minister
h Vt ClI-fl· .r fX ;>1'.:: shali rcomote Ihe ClttenSive use of electr(rlic mc:th<xk
ttI. r-j1.?1u t121 2. Tnnsltory ProvisioDS
l/ The termination of long [cnn loan made
til o"u.n·h:-I· ?"1Ir. o..-}' r'l.J'..'i"1f1 Mi·"U'.C
available lo civil servams in accOr<Jance with
Y.111 <fI're IllIiitit!i "14'11: :-ti _1Vt:.} Artiele 41 of Ihe Council of Minislers Financial
fI_'l-"",.n_"" ,. . &-1"'7'";f f"7.lIma>- ft:'1rr 1.r~ Administration Regulation No_ 17/1997 shall be
l11;C 1"L.,...,)·l· J'..U f.111 ....&- 'l'. effective two fiscal years after the date of cntry
h'/'Mol' 4o') ,,·)fI·r· 1J"~"'mc rUoll·l· ro:n· lnto force of this Regulation.
,,"'+ 1.1~ n:\'l j'.!(>(.nIA:: 2J Finlll1cial transactions beginning prior lO Ihe
enlr)" into force of this Regulslion shall be
II J'..tI .r.111 P'&- 'lJ'.. h-'l'fI. /I-'.:}: f·tJ:-~
completed in accordance with [he Council of
ri·.I'... 'l-fI h 1+n7r'L?,"f Im.tI +f.'r np'~.
Ministcrs Financial Administration Regulalion
'lJ'.. (l~(l",(lf" r"!~.n-}·I:,"";f 'rllC n..} ",pealed by this Regulalion.
ri ..I'."'1f1 .1'..111 ""', .... (.-}. <;:,"" J'1t;'f\.:: 3. Method ••Dd Length or ,T ime or RetenUOD
(tI:. r'"!frt "'-t'l The Minisler shall issue a directive [O prescribe the
·"O.fl-}~ fIfIi.J'..'ì·)fI OD ... JI"?'"f~· ""~"Iil.,.";f method of relention of financial information and
''.l'.r1l~' ;o,1r.m~ fJUCK- 1·f.I' r"'."'.I'.II·}1 'U~
rrcords and tbe length of time of ret:.ming such
iDfonnation and records.
r"t(Dfl1 ltCllC """"1..1 .1",nIA::
74. Repealed Laws
(t9. tt'l[oç. oh'Jo]'
The Council of Minislers Financial Administralion
r"U.l'I-h:-";f ?"'hC n.-}' ri.f.'>1f1 M+-'lf.C
Regulalion No_171l997 is hereby rel*aled and
.r.111 <fI'1'C Il/IiUil'ji ·VaC /l1I.1l .1'..'111
replaced by thl! Rcgulation.
·t·tIlXA::
75. EffeeUve Date
(tli. &lO: r"lllS'oi= 1~
Thls Regulatior, srul1l emer in IO forcc up on thc date of
.1'.11 .1'..111 n~"",~.A ~;.>t·l- ;'>11."1 ;1-+'1" publicalion in!he Fed~ral Negaril Gazcrt3_
11<11"/0']- 4-'1- Y.rc 1'1;1<; ~L1'i,,:: Dune ar Addis Abllblllhi~ '" day 01 Oc-rober 2010.