Course detail

Public Financial Management

Course Description

A professional programme designed to equip learners with the knowledge and skills required to manage public resources effectively. The course explores government budgeting, expenditure control, revenue management, financial reporting, auditing, and accountability systems that support transparent and efficient public-sector governance.

Details

Learners gain a comprehensive understanding of how governments plan, allocate, spend, and report public funds. The course follows international best practices, including IPSAS principles, fiscal discipline frameworks, and modern PFM reforms.

Module 1: Foundations of Public Financial Management

Introduces the structure, objectives, and guiding principles of PFM. Explains transparency, accountability, fiscal discipline, and the role of PFM in national development.

 

Module 2: Government Budgeting & Public Expenditure Frameworks

Covers budgeting systems, Medium-Term Expenditure Frameworks (MTEF), programme-based budgeting, expenditure classifications, and budget formulation, approval, and execution processes.

 

Module 3: Public Revenue Generation, Taxation & Resource Mobilisation

Explores government revenue sources including taxes, non-tax revenue, donor support, grants, and natural resource revenues. Explains tax administration, compliance, and modern revenue collection systems.

 

Module 4: Treasury Management, Cash Control & Government Payments

Focuses on treasury single account (TSA), cash planning, commitment control, payroll management, and public expenditure controls to prevent arrears and leakages.

 

Module 5: Public Procurement, Contracting & Financial Controls

Covers procurement laws, tendering, contract management, value-for-money principles, fraud prevention mechanisms, and internal control systems in public institutions.

 

Module 6: Public Sector Accounting, IPSAS & Financial Reporting

Provides knowledge of accounting processes for ministries, departments, and agencies. Introduces IPSAS principles, reporting formats, and public-sector financial statement preparation.

 

Module 7: Public Sector Auditing, Oversight & Performance Evaluation

Explains internal and external audit processes, supreme audit institutions, performance auditing, compliance reviews, and strengthening oversight institutions such as Parliament and Audit Service.

 

Module 8: PFM Reforms, Digital Systems & Fiscal Risk Management

Covers global PFM reforms, digital public finance systems (IFMIS), fiscal risk analysis, debt management, and strategies for improving efficiency and accountability in public-sector finance.

  • Principles and frameworks of modern public financial management

  • Government budgeting and expenditure planning

  • Public revenue systems and taxation models

  • Treasury management and financial controls

  • Procurement and contract management processes

  • Public-sector accounting and IPSAS reporting

  • Public-sector auditing and oversight mechanisms

  • Digital PFM systems and reform strategies

  • Public-sector finance officers and administrators

  • Government budget analysts and planners

  • Auditors, accountants, and compliance officers

  • Staff of ministries, departments, and local governments

  • NGO and donor-funded programme managers

  • Students pursuing careers in public administration

  • Professionals transitioning into public finance roles

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