PERMANENT Secretaries have been informed on the importance of procurement management and the status of the economy at Mendana Hotel on Wednesday.
Ministry of Finance and Treasury and Public Service Commission organised the one day meeting to discuss the issues with the PSs.
Finance permanent secretary, Harry Kuma said procurement is important because it leads to a lot of savings, cost cuttings, and efficiency.
He said this is the area procurement system the government tries to address.
“Cutting cost and saving are about protecting government finance from fraudulent practise as well,” Mr Kuma said.
“So Public Service Commission really like the permanent secretaries to be assessed in the performance based on procurement in each ministry,” he added.
Permanent secretary of Ministry of Commerce, George Kosui said procurement was an instrument to govern assets and money of the government.
Mr Kosui said it is also to identify what is procedural and unprocedural and it weighs against budgetary plans.
However, he said the challenges face in the ministry is politics and culture of approving procurements for preferential people.
Furthermore, Senior Economic Advisor of Ministry of Finance and Treasury, Richard Brun highlighted the current status of the country’s economy.
By EDDIE OSIFELO