New ARs and FRs coming

Wednesday, 19 December 2012 01:18 - - {{hitsCtrl.values.hits}}

The Government is to amend the Administrative Regulations (AR) and Financial Regulations (FR) in line with modern needs.

The present public sector AR was introduced in 1968 and FR was introduced in 1962.

They have been used in the public sector without any amendment for the past 50 years.

The AR and FR systems were introduced before the introduction of the open economy and the officials say that the age-old regulations hinder tender procedures and other important processes of the Government.

The Government has already started to compile a set of new AR and FR, which are much simpler, and they are expected to enhance the productivity of the public sector.

The new AR and FR are to be introduced within three months.