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In Modern Times

Public Financial Management

This course is designed to strengthen participants' abilities to assess why Public Financial Management (PFM) is important; and how it supports macroeconomic stability, economic growth, and the achievement of the Sustainable Development Goals.

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About this Course

This course is designed to strengthen participants' abilities to assess why Public Financial Management (PFM) is important; and how it supports macroeconomic stability, economic growth, and the achievement of the Sustainable Development Goals.

Presented by staff of the International Monetary Fund whoprovide advice to countries on their PFM institutions and reform plans, the course provides a practitioner's view to PFM starting with what PFM is, and why it is important. Over five parts, the course modules cover all stages of the budget cycle, and discuss key concepts from budget preparation, to government accountability in budget execution, and reform implementation.

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Why Choose this Course 

Welcome to the online Public Financial Management course offered by a team of experts from the Fiscal Affairs Department this course is designed to strengthen participants' ability to assess why PFM is important to support macroeconomic stability and economic growth, and the achievement of the Sustainable Development Goals. It covers all stages of the budget cycle — from its preparation to the government's accountability in its execution.

 

Over the course's fifteen modules, you will explore these topics through Boardroom lectures, relevant readings, examples from countries at different stages of development, and testimonies from senior policy-makers and other stakeholders.

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What you will Learn

At the end of the course, participants will learn;

 

  1. Why PFM is an important tool to implement public policies.

  2. How to describe and analyze the budget cycle, and its main components.

  3. How PFM systems contribute to improved fiscal performance.

  4. The benefits of fiscal transparency, fiscal reporting, and management of fiscal risks.

  5. How civil society, public participation and supreme audit institutions keep governments accountable.

  6. The importance of prioritization and sequencing PFM reforms, and the roles of political institutions and country context.

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Who Should Attend

  • Accountants working in the Government and Other Public Sector Entities

  • Auditors working in Supreme Audit Institutions

  • Diplomats, Envois, Ambassadors

  • Policy Makers in the Public Sector

  • Practitioners in other fields seeking an entry point into the world of Public Financial Management

  • Head of Government Departments

  • This course is also recommended for anyone involved directly in the management of public finance or anyone involved in policy for Public Financial Management

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