Listing Category
Description
The Treasury Department is mandated to safeguard the Government of Montserrat (GoM) assets, control and manage its funds and resources, and produce GOM statutory and financial management reports. The new Public Finance (Management and Accountability) Act 2008 (PFMAA) requires the Department and all other GoM agencies to enhance transparency and accountability in the control and management of public funds and all other resources.
The Act expands the mandate of the Treasury to include, setting and overseeing the implementation of accounting standards throughout Government. It also requires the Treasury to produce financial management information in accordance with the set standards, and in accordance with international best practices.
