National Assets and Liabilities Management

The aims of Management of Assets and Liabilities are:

1. Promoting accountability on Assets and Liabilities Management;
2. Effective management and safeguard of public assets;
3. The standardization in all Public Sector Entities of:
4. Planning, identification, acquisition, maintenance, disposal of, valuation/revaluation, recording and disclosure of Assets in the Public Sector;
5. Planning, identification, incurrence, monitoring, discharge or settlement, recording of liabilities and disclosure of liabilities in the Public Sector; and
6. Assets and Liabilities data management and reporting.
7. Proper authorization of acquisition and disposal of assets; and Accurate and timely information and reporting to facilitate decision making.
8. Maintenance of an updated Government inventory of Assets and Liabilities for all Public Entities.

The specific objectives of Management of Assets and Liabilities are to:

1. Strengthen the framework governing Assets and Liabilities Management in the Public Sector.
2. Create a strong framework for standardized, effective and efficient Assets and Liabilities reporting.
3. Create a framework for development of Public Entities Assets and Liability inventories.
4. Establish a framework for alignment of Assets and Liability Management to relevant laws and regulations, and to ensure compliance with prudent public financial management.
5. Enhance the regulatory framework for management of Assets and Liabilities to ensure consistency with International best practice, through periodic reviews of existing laws, regulations, international accounting standards and proposal for the development of new legislation (if necessary).
6. Provide the basis for identification of legal gaps with a view to making proposals for amendments to legislation to enhance sound Assets and Liabilities Management for economic development.
7. Provide a supporting framework for the adoption of accrual basis of accounting by all Public Sector Entities.

For more information on the National Asset and Liabilities Management please read from……

Asset management indicator guidelines in the Public Sector Performance Contracting (21st Cycle) FY 2024/2025

Circular No.5 on Acquisition of Title Deeds for Public Institution Lands

Assets Management Indicator Guidelines in the Public Sector Performance Contracting (20th Cycle) FY 2023-24

Asset And Liability Reporting Templates for the FY 2024-25

Asset & Liability Management Policy

General Guidelines on asset and liability management 2020

Specific guidelines 2020