(1) The Minister is responsible for the policy and strategic matters related to the efficient operation of the public financial management system of the country subject to policy guidance from Cabinet.

(2) For the purpose of subsection (1) and subject to the Constitution and any other enactment, the Minister shall

(a) prepare the annual and supplementary budget estimates and reports for submission to Parliament;

(b) submit to Parliament for approval, the budget of covered entities as required under this Act or any other enactment to ensure compliance of the covered entities;

(c) monitor and assess the implementation of the annual budget and ensure the implementation of the fiscal policy of Government;

(d) manage Government property, financial assets, Government debts, Government guarantees and other contingent liabilities specified under this Act;

(e) account for public funds through a consolidated public account;

(f) supervise the financial operations of a covered entity;

(g) prepare Fiscal Strategy Document;

(h) manage public funds;

(i) coordinate and mobilise resources including financial assistance from development partners and integrate the resources into the planning, budgeting, reporting and accountability processes provided under this Act;

(j) provide policy framework for conducting banking and management of cash for a covered entity;

(k) issue directives and instructions necessary for the effective implementation of this Act or any other enactment to the head of a covered entity, a Principal Account Holder and Principal Spending Officer of a covered entity; and

(l) perform any other functions assigned to the Minister under this Act.