Home | Search | Draft policy on asset and liability management in the public sector. The National Treasury and Planning. March 2020

Draft policy on asset and liability management in the public sector. The National Treasury and Planning. March 2020

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These policy guidelines on asset and liability management seek to standardise management, accounting and reporting on assets and liabilities across the public sector. The policy will guide the entities in compilation of asset registers at entity levels for consolidation, which will inform the formation of a central repository/national registry of all assets and liabilities. Assets and liabilities management in the public sector has faced a number of challenges arising from a lack of standard assets and liabilities management and reporting framework. The lack of reliable information on public assets and liabilities and of a public assets registry or a defined classification criterion where records of public assets exist hinders the determination of assets’ value as well as evaluation of public sector assets portfolio management. The policy guideline seeks to address these issues and align the public sector assets and liabilities accounting with international best practices.