Transition of the Accountant General Department to a Modern Treasury Department
The Accountant General’s Department (AGD) is the nation’s Treasury, charged with facilitating and reporting on the flow of funds within the public sector. The Financial Administration and Audit (FAA) Act Section 14 established the AGD as the custodian of the Consolidated Fund, with specific responsibility for the collection, safekeeping and proper disbursement of all sums due to and payable from the Consolidated Fund.
The GoJ has been unable to manage cash optimally ¾e.g., the 2009 Public Expenditure and Financial Accountability (PEFA) Report graded Jamaica “D+” for timeliness and regularity of account reconciliation. This is caused by: (i) inadequate organizational structure of the Accountant General Department (AGD); (ii) manual processes carried out by Treasury; and (iii) lack of capacity to receive electronic payables lists in the AGD. In keeping with the thrust of a more fiscally prudent public sector, the Accountant General’s Department is being modernised to ensure their ability to effectively fulfil their mandate. The planned changes of the structure, operations and technology of the AGD will allow them to more effectively manage the Government's treasury and provide higher quality service in respect of pensions, salaries, loans and other facilities, and ultimately achieve the vision of a prudent treasury, providing exemplary service driven by committed staff and appropriate technology.