The Effectiveness of the Public Finance Management Act in Zimbabwe: The Factors and Strategies to Improve Acquiescence

Abstract

The sought to identify factors that influence the effectiveness of PFMA and strategies needed to understand it. Since its introduction some officers are failing to execute their duties as, PFMA does not have the Regulations. The descriptive survey and documentary analysis were used as they extract facts from people’s minds. The population of 300 was used. Random and judgmental sampling was used to select a sample of 75 participants. Findings revealed that up to now no audit committee to review internal controls has been set up and the ACT has had no impact since its inception. Further there has not been any decrease in failure to adhere to the ACT. Recommendations are that the public sector organizations should develop policies in line with PFMA and that there must be political will to enable effective implementation.

Keywords: Effectiveness, Public Resources, Management, Accounting, Public Finance Management Act (PFM Act).