The Bill will have no financial impact.
The bill aims to enhance transparency and accountability in the allocation of public funds, which is crucial for maintaining public trust in the government. By requiring merit-based selection criteria for grants and increasing parliamentary oversight, the bill ensures that public resources are allocated fairly and effectively, minimizing the risk of corruption and misuse of funds [Judgment].
Additionally, the establishment of a Joint Parliamentary Committee provides a robust mechanism for oversight, ensuring that grant programs align with their intended purpose and contribute to the public good [Judgment].
While the bill seeks to improve transparency and accountability, it may introduce additional bureaucratic hurdles that could slow down the grant allocation process. The increased reporting requirements and oversight might lead to inefficiencies and delays in the disbursement of funds, potentially hindering timely project implementation [Judgment].
Moreover, the new regulations might discourage innovation in grant administration by imposing rigid structures that do not account for unique circumstances of certain projects or regions [Judgment].
2024-11-04
Not Proceeding
HAINES, Helen, MP
Unspecified
Anti-Corruption, Civics, Democratic Institutions