Context

Context of An act to amend the law governing the use of public financial resources and to that end to-- (a) Provide a framework for Parliamentary scrutiny of the government's management of the Crown's assets and liabilities, including expenditure proposals; and (b) Establish lines of responsibility for the use of public financial resources; and (c) Establish financial management incentives to encourage effective and efficient use of financial resources in departments and Crown agencies; and (d) Specify the minimum financial reporting obligations of the Crown, departments, and Crown agencies; and (e) Safeguard public assets by providing statutory authority and control for the raising of loans, issuing of securities, giving of guarantees, operation of bank accounts, and investment of funds : 26 July 1989
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