Public Sector Investment and enterprise management

​​Assume that you are a senior government officer managing public investments. The Cabinet Secretary in your Ministry is set to present a paper to a group of local and international investors on why the government should continue participating in public investments. 

​​The Cabinet Secretary responsible for matters relating to public investments should prepare and submit a consolidated report to the National Assembly at the end of each financial year. 

​​The Public Investments Committee (PIC) of the National Assembly undertakes an oversight role over public projects. 

​​Discuss two roles of the Directorate of Portfolio Management under the National Treasury or equivalent ministry in your country.

​​Various governments have established agencies to broadly enhance efficiency and effectiveness of state corporations. In some countries, this agency is called the State Corporations Advisory Committee (SCAC). 

​​The privatisation of state corporations continues to be witnessed in a number of countries, particularly in the developing world.

Required:

Discuss benefits likely to be realised from the above trend.

​​With reference to the operations of the Public Investments Committee (PIC) in your country

(i) Describe functions of the PIC.
(ii) Explain matters which the PIC is specifically excluded from dealing with

​ ​​Citing four reasons assess the importance of public investment reports as prepared by the National Treasury or equivalent ministry in your country.

​​According to legislation on investment promotion, an applicant may apply for an investment certificate from a public investment board.