What is Public Financial Management (PFM)? PFM refers to the set of laws, rules, systems and processes used by sovereign nations (and sub-national governments), to mobilise revenue, allocate public funds, undertake public spending, account for funds and audit results.
What Is Public Finance Management Act all about?
The Public Finance Management Act, No. 1 of 1999 and Regulations regulate the management of finances in national and provincial government. It sets out the procedures for efficient and effective management of all revenue, expenditure, assets and liabilities.
What are the six phases of public financial management?
The budget cycle is made up of six phases:
- Phase 1 Strategic planning: determine the strategic priorities.
- Phase 2 Budget preparation: mobilise and allocate resources.
- Phase 3 Budget execution: implement planned activities.
- Phase 4 Accounting and reporting: generate financial information on.
Who does Pfma apply to?
Two important products of this process are the Public Finance Management Act (PFMA), enacted in 1999, and the Local Government: Municipal Finance Management Act (MFMA) enacted in 2003. The PFMA applies to the national and provincial spheres of government, and the MFMA applies to the local sphere.
What do you mean by public financial management?
Home»E-Learning»Public financial management. PFM refers to the set of laws, rules, systems and processes used by sovereign nations (and sub-national governments), to mobilise revenue, allocate public funds, undertake public spending, account for funds and audit results.
Who is the Minister of Finance in Uganda?
Auditor General’s Office African Development Bank (ADB) Competitiveness & Investment Climate Strategy/ Private Sector Developement Unit (PSDU) Courts of Judicature Uganda Tourism Board Uganda Investment Authority Uganda Revenue Authority Government Web portal Programmes Department of Treasury Inspectorate and Policy
What are the GOU asset management guidelines for Uganda?
GOU ASSET MANAGEMENT FRAMEWORK & GUIDELINES GUIDELINES FOR THE MANAGEMENT OF CONTINGENT LIABILITIES Initiatives and Developments Public Services Technical & Advisory Services Shared Services National Parametres of Investment Appraisal for Uganda Uganda Equity Lab OUR WEBSITES Budget Resource Enhancement & Accountability Programme (REAP)
What is the Public Finance Management Act 2015?
THE PUBLIC FINANCE MANAGEMENT ACT, 2015 An Act to provide for fiscal and macroeconomic management; to provide for the Charter for Fiscal Responsibility; to provide for the Budget Framework Paper; to provide for the roles of the Minister and the Secretary to the Treasury in the budgeting process; to provide for virements, multiyear expenditures,
