The Zambia Institute of Chartered Accountants – ZICA, has praised the Ministry of Finance and National Planning for its continued commitment to statutory compliance by releasing the Annual Financial Report in line with Part XVI, Article 211 of the Constitution of Zambia Amendment No. 2 of 2016.
Reacting to this, ZICA President Cecilia Zimba said by releasing the Annual Financial Report as mandated by law, the Ministry of Finance has demonstrated its dedication to upholding financial integrity and reinforcing the trust of stakeholders, including citizens, investors, and international partners.
She said ZICA’s commendation is based on the Ministry’s exceptional display of efficiency, accountability, and transparency in its financial reporting.
The Financial Report https://www.mofnp.gov.zm/?wpdmpro=2022-financial-report for the year under review provides an overview of the operating results in terms of revenue generated, capital grants received, financing through borrowing and how the funds were utilised.
Zimba said ZICA recognizes the important role that accurate and transparent financial reporting plays in ensuring good governance and sustainable economic growth.
“The Ministry of Finance and National Planning has continued to exemplify these principles by promptly adhering to statutory obligations and providing comprehensive financial information to the public.” She remarked in a statement availed to the Zambian Business Times – ZBT.
She added that this commitment sets a high standard for other government institutions and organizations in the country.
“It is through such actions that Zambia can further its economic progress and build a foundation for a prosperous future.” She said.
