Africa-Press – Liberia. This circular serves as a final reminder for all responsible officials—including entity heads, comptrollers, and finance directors—that failure to comply will be deemed a “breach of financial discipline.”
The Ministry of Finance and Development Planning (MFDP), through the Office of the Comptroller and Accountant General, has warned all government ministries, agencies, and commissions to submit their third-quarter financial reports by October 15, 2025.
In a circular dated October 8, 2025, Comptroller and Accountant General Elwood T. Nettey cautioned that the ministry will strictly enforce the Public Financial Management (PFM) Regulations of 2009, which require timely submission of quarterly financial statements by all public institutions, saying failure to do so will result in the withholding of salaries.
This circular serves as a final reminder for all responsible officials—including entity heads, comptrollers, and finance directors—that failure to comply will be deemed a “breach of financial discipline.”
“Let it be known that failure to submit your Quarter Three financial report will lead to the withholding of salaries for both the Head of the entity and the Comptroller for the month of October 2025,” the circular states.
According to the MFDP, this directive is part of the government’s renewed effort to enforce accountability and transparency in the management of public funds. It also reflects the administration’s commitment to implement key recommendations from the General Auditing Commission (GAC) following its audit of the 2024 fiscal year.
Under the PFM Regulations, all government entities must prepare and submit quarterly financial reports in accordance with the International Public Sector Accounting Standards (IPSAS) within 15 days after the end of each quarter. These reports must be submitted to the Auditor-General, the Minister of Finance, and the Comptroller-General.
Mr. Nettey emphasized in his communication that the ministry will not tolerate further delays or excuses from any entity.
“We anticipate the fullest cooperation of all ministries, agencies, and commissions as the government continues to improve accountability, transparency, and governance in public financial management,” he stated.
The circular also reminded government officials that sanctions for non-compliance, as outlined in Section A.20 of the PFM Regulations, include suspension and withholding of salaries for offending officers.
This move by the MFDP comes amid growing calls for stronger enforcement of financial discipline within the public sector, as Liberia continues its fiscal reform efforts in alignment with international benchmarks and domestic accountability standards.
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