Public Financial Management: Planning and Control register

Course Overview
High standards of financial management are central to all other reforms in the public sector. Participants and their organisations will benefit from increased knowledge of modern public financial management practices and the high standards expected of the public sector. With this knowledge, participants will be able to review the resource allocation mechanisms and budgetary and financial controls within their organisations and ensure that resources are better planned and controlled and are consistent with organisational priorities.
 
Prospective donors attach growing importance to effective financial management systems. One aim of this programme is to help countries pass these tests by increasing and deepening knowledge of good financial management practices throughout their public sector community. It is designed for policy makers, financial practitioners and line managers with financial and resource management responsibilities.

Course Objectives

  • The key elements of and evolutions within sound public financial management systems
  • Medium-term expenditure frameworks (MTEF) and planning
  • The principles of good governance in a modern public sector, including institutional arrangements and organisational responsibilities for PFM
  • Effective resource allocation in support of the strategic objectives of the organisation
  • Policy-based budgeting and controls linked to MTEF and to outputs and outcomes
  • Accounting, recording, monitoring and reporting
  • Proactive budget management
  • External scrutiny and audit
  • Tax and revenue management
  • Debt management
  • Financial probity and propriety

Course Outline

  • The importance of a stable planning and budgeting framework to economic and financial management, propriety and efficiency in the public sector
  • The need for medium-term financial planning and how effective planning and budgeting should work in the public sector
  • The role of budgeting in performance management and resource allocation