Finance Ministry Directs Strict Compliance with Public Investment Rules for Capital Projects
The Ministry of Finance has reminded all Covered Entities and Public Institutions to comply with the applicable Public Investment Management framework in respect of capital expenditure projects prior to seeking Commitment Authorisation from the Minister for Finance.
In a circular dated 30th October 2026, the Ministry noted that pursuant to the Public Financial Management Act, 2016, and the Public Financial Management (Public Investment Management) Regulations, 2020, Public Institutions are required to comply with the prescribed processes for the preparation, appraisal and inclusion of public investment projects in their respective Public Investment Plans.
The Ministry’s Guidelines for the Preparation and Appraisal of Projects and the Development of the Public Investment Plan were issued pursuant to the relevant provisions of the law.
Accordingly, all Covered Entities and Public Institutions are reminded that requests for Commitment Authorisation in respect of Capital Expenditure must relate to projects that form part of the institution’s approved Public Investment Plan. This requirement is expressly included among the Ministry’s requirements for processing Commitment Authorisation applications.
Consequently, requests for Commitment Authorisation for capital expenditure procurements that have not been appraised will not be honoured. Institutions should therefore ensure that proposed capital investment projects have gone through the applicable public investment planning requirements approved by the Ministry and are duly reflected in their Public Investment Plans before submitting requests for Commitment Authorisation.
The Ministry counts on the cooperation of all institutions to ensure strict compliance with this directive.
