Public Finance Management

What is the Public Finance Management (PFM) system?

Public Financial Management (PFM) is the system whereby financial resources are planned, directed and monitored for the efficient and effective implementation of public service objectives. Strong PFM systems are essential for effective and sustainable economic management and public service delivery.

The Ministry of Finance continuously works towards improving PFM systems, in order to improve:

  1. Planning, budgeting, accounting and accountability;
  2. Public service delivery.