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Finance and Treasury

Public Financial Management Reform and Fiscal Governance

Public financial management reforms are usually designed as systems and defeated by incentives, arriving as a new framework in an environment where the existing rules were already not being followed. This course addresses that. Delegates work through the public financial management cycle and where the binding constraints genuinely sit, and diagnosing a system rather than adopting a template. Fiscal frameworks, medium term expenditure planning and the credibility of a budget are covered. Revenue forecasting and the consequences of persistent optimism follow. Treasury single account, commitment control and arrears prevention are addressed, since arrears are the clearest symptom of a failing system. Procurement, payroll and the two largest leakage points are covered. Reporting, audit and the oversight institutions follow. Debt management and fiscal risk are addressed. The course closes on sequencing a reform programme and on the political economy that decides whether it holds.

Course objectives

  • Locate the binding constraints in a public financial management cycle
  • Diagnose a system rather than adopting a template
  • Build medium term expenditure plans and a credible budget
  • Forecast revenue without persistent optimism
  • Operate treasury single account, commitment control and arrears prevention
  • Address leakage in procurement and payroll
  • Manage debt and fiscal risk, and sequence a reform programme

Who should attend

  • Ministry of finance and treasury officials
  • Budget directors and planning officers in government ministries
  • Public debt management office staff
  • Auditor general office and parliamentary budget office staff
  • Development partner staff working on public financial management reform

Course outline

  1. 01Systems defeated by incentives
  2. 02The cycle and its binding constraints
  3. 03Diagnosis against template adoption
  4. 04Fiscal frameworks and medium term planning
  5. 05Budget credibility and revenue forecasting
  6. 06Treasury single account and commitment control
  7. 07Arrears, procurement and payroll leakage
  8. 08Reporting, oversight, debt and reform sequencing

Scheduled sessions

Scheduled sessions for Public Financial Management Reform and Fiscal Governance
DatesVenueFormatPriceRegister
26 to 28 October 2026Accra, GhanaClassroomUSD 995 per delegateRegister Now
28 to 30 December 2026Lagos, NigeriaClassroomUSD 995 per delegateRegister Now
4 to 6 January 2027OnlineOnlineR6,500 per delegateRegister Now
1 to 3 February 2027Addis Ababa, EthiopiaClassroomUSD 995 per delegateRegister Now
24 to 26 February 2027Johannesburg, South AfricaClassroomR14,950 per delegateRegister Now
1 to 3 March 2027Pretoria, South AfricaClassroomR14,950 per delegateRegister Now

Public Financial Management Reform and Fiscal Governance

From R6,500

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