Submit to the ministry of justice (“Taqnin”) legislation bringing state-owned corporations under effective monitoring and oversight of the ministry of finance,
including financial reporting to the ministry of finance and ministry of finance approving financial plans on an annual basis. The draft legislation will be prepared in consultation with Fund staff (MEFP paragraph 40).
Introduced at R1 for R3. Rationale: Corporate governance; transparency; sound public financial management, fiscal sustainability (by reducing fiscal risks)