To amend the Public Finance Management Act [Chapter 22:19]; and to provide for matters connected with or incidental to the foregoing.
ENACTED by the Parliament and the President of Zimbabwe.
1 Short title
This Act may be cited as the Public Finance Management Amendment Act, 2021.
2 Amendment of section 2 of Cap. 22:19
Section 2 (“Interpretation”) of the principal Act is amended—
(a) by the insertion of the following definitions—
“assets” means resources controlled by an entity as a result of past events and from which future economic benefits or service potential are expected to flow to the entity;
“Auditor-General” means the person appointed as such in terms of section 310 of the Constitution;
“financial assets” include deposits, cheques, loans, accounts receivable and marketable securities including bonds, notes and shares;
Gazetted on the 31st of March 2021