Section 57, The Government Budgeting and Accountability Act, 2005

(1) As soon as the public accounts of the financial yearhave been closed, and not later than three months after the end of that financial year, the Accountant-General shall draw up and sign an annual statement of public accounts which, together with his annual report on the public accounts, he shall submit to the Minister. (2) Upon receipt of the annual statement of accounts, the Minister shall lay a copy before Parliament and transmit a copy to the Auditor-General for audit. (3) The Speaker of Parliament shall, after consultation with the Minister, ensure that the Auditor-General’s copy of the statement of accounts is transmitted to him within the period of three months specified in subsection (1). (4) The report shall review the transactions of the financial year, drawing attention to significant features and making comparisons with previous years and shall include information as may be required by this or any other enactment, or as may be requested by Parliament. (5) The annual statement of public accounts shall include– (a) details of revenues and expenditures according to the appropriation structure, and comparative figures for the previous year and budgeted amounts for the current year; (b) a balance sheet showing the assets and liabilities of the Consolidated Fund, with qualifying information on the significance of the figures shown; (c) a summary statement of the receipts into and payments out of the Consolidated Fund, showing revenues, other receipts, expenditures, and financing of the Fund for the financial year; (d) a summary of the amounts of outstanding public debt, both external and domestic, at the end of the financial year, shown in terms of debt instruments and debt holders; (e) a statement of amounts guaranteed by the Government at the end of the financial year in respect of loans and other contingent liabilities; (f) a summary of outstanding loans at the end of the financial year granted by the Government; (g) a summary statement of revenue arrears to be collected by each budgetary agency; (h) a summary statement of expenditures of unallocated expenditure head, as stipulated in subsection (4) of section 25; (i) a summary statement of investments made from the Consolidated Fund; (j) a summary statement of unpaid commitments outstanding for the supply of goods and services for each vote at the end of the financial year; Annual statement of Annual financial statements by vote controllers. 38 39 No. 3 Government Budgeting and Accountability Act 2005No. 3 Government Budgeting and Accountability Act 2005 (k) a summary statement of stores and other assets for each vote; and (l) such other information as may be prescribed by the Minister. (6) As soon as possible after the report and annual statement of public accounts are submitted to the Auditor-General, the Accountant-General shall cause them to be published for the general public information. (7) On publication, copies of the report and annual statements shall be deposited with institutions of higher learning and public archives.