MPs seek to tighten financial laws to manage public debt real time

MPs are seeking to tighten financial laws to compel the National Treasury to set up a real time comprehensive Public Debt Registry, including matched debt service expenditure.

The National Assembly’s Public Petitions committee has recommended changes to the Public Finance Management Act, 2012 to expressly require the Treasury to establish, and maintain an up-to-the-minute comprehensive Public Debt Registry, including matched debt service expenditure.