In the developing country context, Public Finance Management derives its importance from its central role in the implementation of growth and development policy. Its emphasis is increasingly justified by the demand for efficient service delivery to address the dire needs of health, education and basic infrastructure in developing countries. Further, with the growing aid flows to developing countries, and the ever greater proportion of such aid transferred directly to national treasuries, the need to achieve sound public finance management to assure acceptable, and transparent levels of fiduciary risk has become paramount. Public Finance Management focuses upon implementing strategic plans designed to achieve policy objectives using a carefully prepared budget approved by a legal authority and assuring its faithful implementation. The goals of economic development and the lifting of a billion of us out of extreme poverty can only be achieved through the harnessing of the full potential of sound Public Finance Management systems applied to appropriate policy. Current efforts at improving public finance management reform are born of this expectation.
Under the Public Finance Management Programme, idilmat offers courses based upon simple, robust analytical frameworks. Our approach serves as a practical basis for integrating the different components of Public Financial Management: revenue administration, cash management, debt management, payroll management, non-salary expenditure management, internal audit, financial reporting and accounting, recording, external audit, and parliamentary oversight. Our holistic, tailored perspective will provide the tools to develop capacity providing improved overall performance as measured by the degree to which a country’s systems achieve fiscal discipline, the strategic allocation of resources, and efficient service delivery. Further we offer in-depth courses on PFM assessments based upon such international assessment methodologies as PEFA, DeMPA and the OECD/DAC National Procurement Assessment based on our faculty’s practical, widespread international experience in utilizing these methodologies.