Financial Secretary Office News

Financial Secretary Office News

2016-2017 Appropriation Budget Breakfast

The Annual Budget Breakfast will be held at the Islander Hotel on Friday 10th June 2016 at 7.30am.

This is open to anyone who may be interested in hearing about the 2016-2017 Appropriation Budget.

The Minister will present:

  • Economic Snapshots.
  • Budget Basics
  • New Initiatives.

Tickets can be purchased from the MFEM office, for more information contact: Miriam Terei-Roriki on telephone (682) 22878 or email: miriam.roriki@cookislands.gov.ck


Government strengthens internal controls

The Ministry of Finance is improving its internal control framework with oversight from an internal audit committee (IAC) comprised of senior officials from the Ministries of Finance, Internal Affairs and the Office of the Public Service Commissioner. Committee members include Financial Secretary Garth Henderson, Treasury Operations Manager Russell Hynd, Secretary of Internal Affairs Bredina Drollet and Chief Executive Officer of PSC Daphne Ringi.

The group is responsible for overseeing MFEM’s internal audit function to strengthen the Ministry’s internal controls over revenue collection, expenditure and funds management, that impact on the whole of government.

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PSIDS urge ADB not to segregate climate and development finance

Pacific Small Island Developing States (PSIDS) are urging the Asian Development Bank (ADB) as one of its main multilateral banker, not to segregate climate and development finance.

They say the demarcation of these financing delinks long term development agenda, medium-term national planning and short term budgeting.

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