Course Modules

Module 1: Fundamentals of Public Financial Management

• Definition and scope of PFM
• Key principles: transparency, accountability, efficiency
• Legal and institutional framework governing PFM
• Stakeholders in the PFM system
• Case Study: Understanding PFM practices in local government reforms

Module 2: Budget Cycle and Financial Planning

• Budget formulation and approval process
• Budget classifications: recurrent vs. development
• Medium-Term Expenditure Framework (MTEF)
• Role of Parliament and Treasury
• Case Study: Budget planning challenges in county governments

Module 3: Revenue Mobilization and Public Expenditure

• Revenue sources: taxes, grants, non-tax revenues
• Linking revenue to policy objectives
• Expenditure ceilings and prioritization
• Budget implementation and expenditure control
• Case Study: Revenue-expenditure mismatch in health sector projects

Module 4: Financial Accountability and Reporting

• Role of audit and internal control systems
• Monitoring and evaluation of PFM systems
• Financial reports and disclosure standards
• Oversight institutions (Auditor General, PAC, etc.)
• Case Study: Enhancing accountability through public expenditure tracking

Module 5: Risk Management in PFM

• Identifying financial risks in public sector
• Common PFM challenges: corruption, inefficiencies
• Risk mitigation strategies
• Role of ICT and automation in risk reduction
• Case Study: Addressing leakages in social protection funds