Asset and Liability Management represents one of three core, non-payroll processes that combine into “budget execution”. As with exchequer and cash management, and procurement, asset and liability management is a year-round activity, working as an integrated life-cycle rather than individual steps or processes. The cycle covers four phases (including planning) – Planning, Acquisition, Operations & Maintenance and Disposal. Every department manages its non-financial and financial assets and relevant liabilities, with Finance and Economic Planning providing technical support.
Upstream: Budget Estimates, Budget Appropriation, Budget Implementation Circular, Work Plan, Procurement Plan, Cash Flow Forecast, Commitment Control
Downstream: Quarterly Reports, Annual Report(s)