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Foundations of Public Finance Management

This five-day professional development workshop provides an excellent foundation in public finance management (PFM) principally for non PFM professionals 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 professional development workshop has been designed to better equip the participant to understand the full breadth of PFM functions that impact upon the work in their sectors.  

Upcoming training workshop

  • Course name:

    Foundations of Public Finance Management

  • Dates:

    to be scheduled
  • Duration:

    5 days
  • Venue:

    Accra, Ghana
  • Price:

    2000 US$
  • Course evaluation        4.314.314.314.314.31

  • Description

    Foundations of Public Finance Management provides a useful basis to think and analyse PFM issues and meaningfully discuss solution options through the use of simple analytical frameworks,.   It takes into account both the system dimensions of formal PFM institutional practice as well as the political economy elements that can complicate and obscure PFM practice in a given country.  The emphasis on an analytical framework approach provides the participant with relevant and effective tools to assess and understand a given country´s PFM rather than simply provide a menu of best practice options that may or may not be relevant in a given developing country.
    The professional development workshop covers the PFM context – the macroeconomic context, the political context and the financial administrative network upon which the PFM systems operate.   It identifies the budget instrument of policy implementation.  It specifically covers strategic planning, budget formulation – introducing Medium Term Expenditure Frameworks (MTEF), budget classification, the budget process, budget releases and cash management, predictability and control in budget execution, budget and expenditure control, payroll management, procurement, and internal audit.   It also touches upon revenue management, debt management, simple accounting and financial reporting.  This introductory course also looks at parliamentary oversight and audit.
    The course ends with a survey of development partner aid modalities and assists participants to research and report on topical areas of PFM including Public Private Partnerships, Performance Auditing, MTEFs, Accrual Accounting, IFMIS and a host of other topics.
  • Objective

    The principal professional workshop objective is to provide participants with the introductory tools to effectively understand and discuss Public Finance Management; and to be able to assess the impact of PFM performance on their sectors and programmes of interest.  Further it is to allow discussion and interaction with other participants who may share common challenges.
  • Audience

    The target audience is Government officials Development advisors whose work is impacted by public finance management but with little or no experience of public financial management.
  • Pre-requisites

    This course is designed for people with little or no experience with public finance management; however given its intensive and comprehensive approach, it will be useful for participants to familiarize themselves with basic economic and accounting concepts and terminology prior to attending the course.
  • Learning outcomes

    By the end of the course participants should:
    • 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 
    • Appreciate the rationale for the different aid modalities adopted by the Development Partners
    • 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.
  • Learning methods

    The learning methods will include the following
    • Introduction to key concepts through the “teaching and discussion” methods
    • The use of original source material of key writers/thinkers in this area (to show that it is a subject, outside the “donor world”)
    • The use of extensive examples from many different countries with different experiences to illustrate the points put across
    • The use of exercises (in particular short "buzz-group" sessions) to provoke and consolidate certain points raises
    • The use of major case studies –to illustrate in more detail some of the key points of the course.
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