Secretary of State for Budgets and Financial Control meets economic chiefs

The Secretary of State, Charged with Budgets and Financial Control, Eusebio Ipico Penda, met economic chiefs from government bodies at the ministerial department function room to report on the concerns arising from the Interministerial Council meeting of 4th July regarding their remit. The meeting took place on 5th.

With the aim of reporting on the matters covered at the Interministerial Council meeting, overseen by the Prime Minister of the Government, Charged with Administrative Coordination, Francisco Pascual Obama Asue, regarding the remits of the economic chiefs from ministerial departments, Eusebio Ipico Penda met this collective to report on the matter.

The topics covered focussed on the responsibility carried by the economic chiefs with regards to the management, control, recording and monitoring of income in their corresponding ministerial departments.

The Secretary of State, in his speech, pointed out that the Government is currently in the process of drawing up the draft budgets for the 2019 economic period; as a consequence of making these forecasts, the governing department will need data in order to draw up the document.

Ipico Penda also added that “the economic chiefs, as responsibilities, must be aware of the costs generated and income received or collected in the departments. We want the economic chiefs to be civil servants with knowledge of the matter; there is a decline in the management of income in institutions”.

The economic chiefs must balance the transactions regarding income issued and carried out at the General State treasury. In other words, through records made at the same departments in their charge, and this situation will allow us to exercise, the control, monitoring and progressive evaluation of all income types”, added the Secretary of State.

In order to streamline the creation of the draft budgets, those present decided to hold a further working session within seven days.

Source: Official Web Page of the Government of the Republic of Equatorial Guinea

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