Improving Federal Financial Management: Enhanced Transparency and Efficiency
This act aims to streamline how the federal government manages its finances. It introduces new rules for financial planning and reporting, ensuring better use of public funds. Citizens can expect greater transparency in government spending and more efficient public institutions as a result.
Key points
Introduction of four-year government-wide financial management plans for more strategic and effective spending.
Increased accountability for financial officers in government agencies through new duties in budget oversight and internal controls.
Requirement for public disclosure of agency financial reports, enhancing transparency and allowing citizens to better track how their tax money is spent.
Strengthening of internal audits within agencies to help detect irregularities and improve financial management efficiency.
Introduced
Citizen Poll