Section 108, The Public Financial Management Act, 2016

Where the Act establishing the entity empowers a Subvented agency, other entity in the central government or socialsecurity fund to raise loans, obtain overdraft, or borrow, the agency, entity, or fund may not raise loans, obtain overdraft, or borrow without obtaining prior approval of the Minister. . Oversight of of other entities in the local of a new subvented agency, other entity in the central government, and social security fund. No. 13 Public Financial Management Act 2016 No. 13 Public Financial Management Act 201686 87