A policy has been formulated to conduct financial transactions using credit cards in government agencies.
The purpose of the policy formulated by the Finance Ministry is to provide access to financial transactions in situations where payment options that do not include internet banking are not available.
If a government agency requires a credit card, the relevant form requesting a corporate credit card must be submitted to the Ministry of Finance. An information form on the financial institution issuing the card and copies of the nominees' ID cards must be submitted. If a local council requires a credit card, it must submit the relevant forms and documents to the Finance Ministry through the Local Government Authority (LGA).
The policy states that once requests are submitted to obtain corporate credit cards, the requests will be submitted to the financial institutions that issue the cards with the permission of the Finance Minister.
As a rule, credit card expenditures must be budgeted under state fiscal rules. Details of expenditure on cards must also be submitted to the Finance Ministry.
The limit on card spending will be set by the Finance Minister. If expenditure exceeds the set limit, it must be informed to the Finance Ministry in writing.
According to the policy, the Finance Ministry must be notified if a card is lost or suspicious transactions are being made. Action will be taken against those who use the card in violation of the rules.
