Public Finance Management Act [Chapter 22:19] as amended as at 28 October 2016 (3) Every accounting officer shall comply with this Act and all instructions that may from time to time be given by the Accountant-General in respect of the custody and handling of, and the accounting for— (a) public resources; and (b) public stores; and (c) investments, securities or negotiable instruments, whether the property of the State or on deposit with or entrusted to the State or to any officer or other person acting in his or her official capacity. (4)13 Every accounting officer, with regard to public entities and statutory funds for which his or her Ministry is responsible, shall — (a) ensure that each such public entity or statutory fund has systems in place for planning, allocating, budgeting and reporting on the use of public resources and that public resources are safeguarded against loss; and (b) review the recurrent and capital budgets of each such public entity or statutory fund and make recommendations to the appropriate Minister and recommend to the Minister whether the budgets should be varied, approved or not to be approved; (c) have power to order an investigation to be conducted into the affairs of each such public entity or statutory fund; (d) have power to call upon any accounting authority of each such entity or fund to provide an explanation on an issue affecting the use of public resources; (e) have power to give directions which the accounting officer thinks necessary for the efficient running of each such entity or fund. 11 Powers of Treasury in relation to public resources (1) Notwithstanding anything to the contrary contained in any other enactment, the Treasury may— (a) write off any losses or deficiencies of public money or the value of any lost, deficient, condemned, unserviceable or obsolete State property; and (b) write off any public resources payable to or receivable by the State or to or by an officer for the benefit of a fund established in terms of section 18 which in the opinion of the Treasury is irrecoverable; and (c) write off any public resources payable to or receivable by the State or to or by an officer for the benefit of a fund established in terms of section 18 if the difficulties, disadvantages or cost of collection thereof in the opinion of the Treasury outweighs the value thereof; and (d) waive or remit any claim by the State against any person or another government or agency of another government; and (e) on such terms and conditions as the Treasury may determine, invest or authorise the investment of any public money held in an account or fund; and (f) in compliance with section 16(3), make a refund of any revenues or public resources erroneously brought to account as revenues. 13 Subsection (4) added by Act 6/2016 with effect from 28th October 2016. - 13 -