Members of Parliament have welcomed the decision by government to transfer all funds held under special funds into the government remittance account to be managed as part of the government cash balances held at the bank of Botswana, with immediate effect. This and four other specific measures according to the Minister of Finance and Economic Development, Kenneth Matambo were recently approved by cabinet to strengthen financial management of special funds. When briefing Parliament about this move on Friday, Matambo said as the overall custodian of the country’s public finances, his ministry is concerned about some aspects of the management of some of the special funds. He pointed out that among the key concerns are non-compliance to the public finance management Act in the administration of the Funds, with breaches including ; the use of funds for unintended purposes, unexplained delays in submission or non-submission of audited accounts, investment of surplus funds without the input of the Office of the Accountant General as required by the Public Finance Management Act and that further, certain sections in some fund orders are not very clear leading to various interpretations. This he says has resulted in some designated fund Administrators using their discretion in…