Assign organizational responsibility for maintaining a comprehensive central database of central government arrears and public liabilities in regard of SOE obligations. The responsible unit will compile monthly reports, tracking outstanding liabilities, new claims, and settlements. Quarterly reports on claims to be presented to Cabinet, with a first report by end-June 2011.
Introduced at R3R4. Macroeconomic rationale: To restore credibility to the budget process and address the liquidity problems of contractors, banks, and SOEs associated with domestic arrears and other unpaid fiscal obligations.