Section 54, The Government Budgeting and Accountability Act, 2005

(1) Where the transactions of each month have been dulyrecorded in the public accounts, the Accountant-General shall draw up and sign a monthly statement of the public accounts and publish such statement by Government Notice. Public accounts and departmental Basis of public Classification of public Monthly and quarterly budget reporting. Monthly statement of accounts to be published. 34 35 No. 3 Government Budgeting and Accountability Act 2005No. 3 Government Budgeting and Accountability Act 2005 (2) The monthly statement of the public accounts shall consist of– (a) a statement of the financial assets and liabilities (including contingent liabilities) of the Consolidated Fund at the close of the month compared with the corresponding figures for the same date in the year previous to the date of the statement; (b) statements of receipts into and the payments out of the Consolidated Fund for the month and for the financial year up to the end of that month as compared with budgetary estimates for the year. (3) The financial assets and liabilities of the Consolidated Fund shall consist of – (a) the following financial assets namely:– (i) cash in the hands of treasury officers or in bank accounts operated by them or in transit between treasury officers or held by other agents on behalf of the Consolidated Fund and the Contingencies Fund; (ii) securities held on behalf of the Government or special funds; (iii) advances from the Consolidated Fund; (iv) loans from the Consolidated Fund; (v) equity investments of the Consolidated Fund; and (vi) any accumulated deficit of revenue and expenditure of the Consolidated Fund; (b) the following financial liabilities, namely:– (i) trust moneys held and administered by Government; (ii) the public debt, distinguishing between short, medium and long term liabilities and between domestic and foreign debt; (iii) accumulated surplus of revenue and expenditure of the Consolidated Fund; (iv) balance on the Contingencies Fund; (v) balances on other special funds.