Financial Administration Act

The Financial Administration Act is a law that governs how the Canadian government manages its finances and resources. It sets rules for budgeting, accounting, and reporting to ensure that public money is used responsibly and transparently. This act requires government departments to prepare financial statements and ensures that spending aligns with government priorities. It aims to promote accountability and good financial management in the public sector, making sure that taxpayer dollars are handled properly and reported accurately for the public's understanding.