Section 113, The Public Financial Management Act, 2016

(1) Where – (a) a sub-vented agency, other entity in the central government, or social security fund contravenes any provision of this Act or regulations made thereunder; (b) sub-vented agency, other entity in the central government, or social security fund fails to implement an action plan which has been submitted under clause (i) of this subsection; Preparation and submission. approval and submission. Regulations and instructions on budget preparation and execution. In-year reporting. actions. No. 13 Public Financial Management Act 2016 No. 13 Public Financial Management Act 201688 89 Acquisition of shares or ownership interests by the general (c) the vote controller of a sub-vented agency, other entity in the central government, or social security fund fails to submit, or submits with significant delay, financial planning documents, budgets, budget execution reports, financial statements, or any other reports or information according to the timelines or other requirements of this Act or any other enactment, the Minister may, in consultation with the relevant responsible authority – (a) require the vote controller of the agency, entity, or fund to submit or resubmit an action plan to resolve underlying problems within a specific period of time; (b) require prior approval of the Minister for such key financial decisions of the agency, entity, or fund as specified by the Minister; (c) reduce or suspend grants or transfers from the State budget to the agency, entity, or fund; and (d) appoint for a specific period of time a financial administrator who would advise the vote controller of the agency, entity, or fund on corrective actions, monitor the implementation of such actions, and who may issue legally binding directions to the agency, entity, or fund in respect of such key financial decisions as specified by the Minister. (2) A financial administrator appointed under paragraph (d) of subsection (1) – (a) shall act as an agent of the Minister and b e subject to the supervision and directions of the Minister; (b) shall have full and free access to any books, documents, records, information, and premises of the sub-vented agency, other entity in the central government, or social security fund; and (c) may be stationed in the sub-vented agency, other entity in the central government, or social security fund when the Minister so decides. Public enterprises