NewEffective Public Financial Management (5 Days)

Since the 1990s, there has been a surge of interest among international agencies in the way public sector budgets are set, managed, and reported on. This reflects not only an increased demand for transparency, but also recognition that effective public financial management (PFM) is pivotal to economic and developmental success.

 

This five-day programme provides a thorough insight in public finance management (PFM) for those who are involved in policy work, sector programmes, or have management responsibilities in government ministries, departments and agencies. It has been designed specifically with the developing country context in mind. This programme has been designed to better equip the participant to understand the full breadth of PFM functions that impact upon the work in their sectors. 


Key features of this course include: 

  • 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
  • Understand what is meant by political economy analysis
  • Be equipped with some basic frameworks for identifying the strengths and weaknesses of a country’s PFM systems.
  • Be equipped 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, 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
  • Understand elements of revenue management (tax, non-tax, royalties, grants and dividends) as well as debt management
  • Be able to question the nature of relevance of some popularly promoted PFM reforms – such as performance budgeting, budgeting by objectives, activity based budgeting, the use of MTEF, accrual accounting, IFMIS, and public-private partnerships

Designed for: 

This course is designed for professionals in policy work, sector programmes, or management in government ministries, departments and agencies who are looking to advance their financial management skills. 


Learning outcomes:

Delegates will leave with in-depth knowledge of best practice government finance processes, how all government finance roles should fit together, and how to communicate with people who don’t have a finance background. Additionally, delegates will learn the skills to take their public sector finance skills to an advanced level and to move into a different public sector finance role. 

Book

Summary

Duration

10:00 - 17:00

Price

£2,150 + VAT

Location

St James Park, London

Dates

24 July 2017 Book

23 October 2017 Book

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