Public Financial Management
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.
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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