Budgeting, accounting, and auditing are separate, discrete operations, but they are nonetheless closely interrelated. They are required activities in providing reliable fiscal information, guidance, and accountability in the use of funds.
A strong public financial management (PFM) system is an essential aspect of the institutional framework for an effective state. Effective delivery of public services is closely associated with poverty reduction and growth, and countries with strong, transparent, accountable PFM systems tend to deliver services more effectively and equitably and regulate markets more efficiently and fairly. This means that, a good PFM is a necessary condition for most development outcomes.
The current state of public finances represents one of the key economic issues. Addressing public finance problems requires a reform of the system of budgeting and management of public expenditure. Achieving efficient and effective delivery of public goods and services in governance is a function of the interplay between resource generation, allocation, expenditure management on the one part, and effective budgetary system and standard auditing on the other part. Ensuring result-driven budgeting and auditing will facilitate desired economic growth and even development.
Thus, this training programme is designed to equip participants with the necessary knowledge and skills required for public fund management, budgeting and auditing in the context of the financial management system.
