Public funds can drive economic reform: NPC
European Union’s technical expert Benita McGovern of the National Procurement Commission says public funds can drive economic growth.
Ms McGovern was speaking at the 2019 Financial Information’s first forum in Port Moresby yesterday.
She said this was the whole reason why the reforms took place to see that it generates revenue for the government. She said under the Department of Finance, they have embarked on different range of reforms and one of the main goals was to look at how best they can take public funds to drive economic reform.
“Public procurement is one of the best ways to drive economic change. So part of the processes in 2016, we sat down and looked at ways we can bring about reforming the public procurement space and some of the reforms. And one of those was the National Procurement Act.
“But there are other bits and pieces that we need to know about, and one of them was the procurement government’s model. One of the important things that we looked at is how we can separate the powers of empowering, policing, monitoring and overseeing the system of procurement from the Act or the administering and the undertaking of procurement,” she said.
Ms McGovern said the APC Committee which is a central committee whose sole role is to look at the monitoring and enforcing and compliance of the National Procurement Act. This committee came into effect in March 28, 2019.
She said the establishment of the committee was a big change for them because they believe that it will generate such great value for the country.
“You’re going to be required to do national budget procurement plans and the APC committee will oversee that.
“Previously you use to have APC’s issued at the commencement of your procurement, that will now happen at the end of your procurement when we award the contracts and instead we will be looking at developing a consolidated national procurement plan, “she told forum participants from all statutory departments.
Ms McGovern said basically the APC committee will be prioritising the signing and funding for national procurement through the system which will then authorise APC to go ahead and undertake procurement.