Public Financial
Management

Public Financial Management (PFM) includes the management of the assets and liabilities of governments and their agencies. Classically, PFM is defined in terms of public sector financial planning, revenue and debt management, budgeting, budget execution, accounting, reporting, control and audit. Without strong PFM, it is difficult to achieve sustainable development or to address corruption, poverty and other major social issues. Good PFM enables governments to efficiently and effectively mobilize and utilize resources for public policy goals

Worldwide, governments are faced with profound fiscal imbalances and systemic financial failures; public -finance institutions—including finance ministries, government lenders, public pension funds, tax authorities, central banks, and financial regulators—are under intense pressure to increase transparency and improve their performance.

Black businessman using computer laptop

PCC’ team of experts support governments to address these challenges from the core of the problem in a holistically participatory manner. Our work in public finance covers several areas:

  • Design and development of public finance strategies and reform programs
  • Assessment of public financial management systems for government, including using PEFA and other assessment instruments
  • Development of PFM strategies and programs
  • Institutional development to support PFM systems
  • Support to performance-based budgeting systems
  • Review of financial, internal and security controls in a computerized environment
  • Due diligence review
  • Design of a computerized integrated financial management system

PFM is not policy neutral. The design of a PFM system will itself influence the way resources are allocated and utilised, for example by focussing on poverty or gender issues. Also, enhanced transparency and effective audit can expose misuse of resources by those in power. Thus the design of a PFM system can itself be a powerful tool

LOCATION

3rd Floor, UNICALO House, Archer Road, Lower Kololo Kla, UG

E-MAIL

info@pazelconroyconsulting.com

OFFICE PHONE

+256 (0) 394802074

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