Journal of Accounting, Marketing and Financial Management (JAMFM)
Local Authority Public Debts Committee in Botswana. An appraisal
(This article belongs to Vol - 01, Issue - 01)
This paper discusses the Local Authority Public Debts Committee (LAPAC) that become established in 1999, however, commenced operational work in August 2000 and, consequently, produced its first file in March 2002. prior to its formation, economic duty in neighborhood authorities; being, district/urban councils and land boards, turned into left out. subsequently, even though the local government has been given subventions by way of the critical government, the money becomes not accompanied. however, this state of affairs changed with the formation of LAPAC in 1999. Ten years after its first record, the organization still encounters various and plenty of problems; e.g., disregard of financial strategies, past due submission of annual money owed to the Auditor trendy and loss of accounting files. despite the fact that there have been a few improvements given that 2002, some issues are endemic, especially, disregard of monetary processes. other key problems are insufficient secretarial workforce at LAPAC and price range, lack of appreciation of monetary accountability by means of much nearby governments and shortage of capability on their element. however, given the crucial process that LAPAC does, it is very imperative that there be favorable situations to facilitate its paintings. that is particularly critical due to the fact appropriate monetary husbandry is noticeably trendy because of expenditure cuts which might be anticipated in 2012.