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Legal Courses

Public Financial Management Legal Frameworks (LFPFM)

Apply online by July 21, 2024 Deadline extended

Session No.: JV 24.33

Location: Vienna, Austria

Date: October 14-18, 2024 (1 week)

Delivery Method: In-person Training

Primary Language: English

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    Target Audience

    Lawyers from ministries of finance, line ministries, central banks, state audit bodies, state-owned enterprises, sovereign wealth funds, and attorneys-general offices who deal with public financial management issues. The course is designed for heads of legal departments and senior counsels.

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    Qualifications

    Participants are expected to have five years of relevant work experience, good knowledge of legal issues pertaining to public financial management, and preferably with an advanced law degree. 

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    Course Description

    This course, presented by the Legal Department, covers institutional and legal issues related to sound and effective public financial management. Among the topics covered are: the legal foundations and governance-related aspects of budget formulation, preparation, and execution; fiscal rules and institutions; public debt management and transparency; and fiscal governance of state-owned enterprises, public investment management, and sovereign wealth funds.

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    Course Objectives

    Upon completion of this course, participants should be able to:

    • Identify sound practices for addressing public financial management legal issues.
    • Identify legal design approaches that have proven effective, based on cross-jurisdictional experiences shared by presenters and fellow participants.
    • Analyze and assess domestic public financial management legislation against international good practices.
    • Develop and formulate recommendations on how to reform public financial management legislation to align it to international good practices.
    • Explain to stakeholders proposed amendments to public financial management legislation and defend those proposals in discussions and consultation procedures with stakeholders.
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