The Ministry of Finance (MoF) has directed all Covered Entities to submit their Quarterly Commitment Control Reports (CCR) to the Internal Audit Agency (IAA) as part of measures to strengthen fiscal discipline and accountability in the public sector.

The directive, issued on May 2, 2025, is a core fiscal control mechanism designed to enforce commitment discipline, prevent unauthorized expenditures, and enhance transparency across government institutions.

According to the Ministry, a list has been published containing only institutions that have complied with the directive. Any institution whose name does not appear on the list is considered non-compliant and remains in breach of the directive.

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“This publication is made pursuant to Regulation 230(1)(b) of the Public Financial Management Regulations, 2019 (L.I. 2378), which empowers the Minister for Finance to publish the names of Principal Spending Officers and/or institutions that do not comply with the provisions of the PFM laws,” the Ministry stated in a post on December 22, 2025.

The Ministry has warned that institutions continuing to default risk regulatory and administrative sanctions.

Meanwhile, all Covered Entities have therefore been urged to submit their Commitment Control Reports without delay to avoid further consequences.

See the ministry’s Facebook post below:



SP/MA