Effective Public Financial Management
To help participants be aware of the complex nature of PFM reform – the political dimension, the macro-economic context, the legal and regulatory framework, the institutional framework, the constraining dimension of functional linkages and the financial administration network. Also to understand what is meant by political economy analysis
In this course, topics will equip participants with some basic frameworks for identifying the strengths and weaknesses of a country’s PFM systems, with some basic analytical frameworks for looking at Public Finance Management – based upon the objectives for sound PFM: fiscal discipline, allocative efficiency and technical efficiency, understand Budget Formulation; Budget Classification; Budget Preparation; Budget Execution encompassing Budget Releases, the Treasury Single Account, Integrated Payment Processing System, Commitment Control Systems, Establishment Control, the Expenditure Cycle, elements of payroll management and procurement, Financial Management and Reporting, and Internal Control; External Audit and Parliamentary Oversight and then understand elements of revenue management (tax, non-tax, royalties, grants and dividends) as well as debt management.
Course Objectives:
At the end of the course, participants will be able to;
- Gain in-depth knowledge of best practice government finance processes
- Understand how all government finance roles should fit together
- Take your public sector finance skills to an advanced level
- Understand how to communicate with people who don’t have a finance background
- Be able to move into a different public sector finance roles
