Speaker of the National Assembly Patrick Matibini has called for the strengthening of the Public Procurement System in order to obtain an optimal value for public expenditures.
Dr. Matibini said proper procurement of public goods, services and works is critical in enhancing the good economic management of any country.
He charged that weak public procurement systems have greatly contributed to huge loss of public resources not only in Zambia but in many African countries.
ZANIS Reports that Dr Matibini said this when he officially opened the 11th Southern Africa Development Community Organisation of the Public Accounts Committee (SADCOPAC) conference in Lusaka today.
The SADCOPAC conference is being held under the theme “Enhancing Development through Oversight of Public Procurement: The Role of Public Accounts Committee” and has attracted a total of 250 delegates.
And Dr Matibini has called on the Public Accounts Committees in African parliaments to play an overseer role that can help curb malpractices in public procurement systems.
He said this will help in forestalling leakages of public funds, transparency and accountability which he said constitute the central and twin pillars of any public procurement system.
Dr Matibini stated that lack of transparency and accountability in the public procurement systems can result in wasteful expenditure and cause government to incur huge losses.
SADCOPAC is an autonomous and independent association of Public Accounts Committees from SADC states established to among other duties promote mutual support, foster the exchange of ideas knowledge and experiences.
The committee also acts as a recognised voice of Public Accounts Committee within the SADCC community and promotes accountability, good governance and transparency in the SADCC states.