Lukong Pius Nyuylime
10 April 2008
All administrative reports must be submitted latest 31 May, 2008.
The Minister of Finance, Essimi Menye has reminded heads of State institutions, notably, State universities, public corporations and other institutions subsidised by the State of the obligation to produce administrative reports on the activities of their various departments. In a circular signed on 31 March this year, and addressed to the Vice Chancellor, Rectors, General Managers and other administrative heads, Essimi Menye, invited all those concerned to submit their reports to the competent department on or before 31 May, 2008.
This obligation, he said in the circular, has been stated several times on the annual instructions on the execution and control of the State budget and subsidised institutions. "I have been made to understand that several subsidized public corporations have the obligation to produce their administrative accounts to the competent department of the Ministry of Finance", he said.
In effect, the idea of submitting reports to the Minister of Finance is not new. The various administrations of State institutions are quite aware of it. The guidelines to its implementation were drawn up with their full participation. Meeting in Yaounde in August, 2005, government represented by the Ministry of Finance, Board Chairmen and General Managers jointly identified the hurdles that have stood on the way of progress for State corporations and the way out of the situation. The government was, and is still, particularly disturbed by the poor results produced by State corporations which has so far pushed her to resort to sell some to the private sector. The consequences are far reaching with the State obliged to spend more as subsidies to save them from collapsing. During the August, 2005 meeting the following observations were made on State corporations: results of General Assemblies and Board Meetings translated some resignation on their part from the exercise of their duties, most corporations do not produce economic and financial information on their enterprises, they rarely invest and when they do, it is thanks to the State. It was observed that the turnovers of most corporations were essentially absorbed by salaries and intermediary expenditure.
To reverse this situation and ensure optimum production, participants agreed that State corporations will be assessed after every six months. It was one of the important moves to instil into them the culture of results. Among the recommendations that came out of the meeting was the necessity to assess enterprises on the basis of whether the results obtained are closer to set objectives.
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