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Strengthening PFM Framework for Indian States

Invitation

Session No.: SA 25.16

Location: New Delhi, India

Date: April 28, 2025 - May 1, 2025 (1 week)

Delivery Method: In-person Training

Primary Language: English

    Target Audience

    Mid-level officials from Finance Departments with relevant knowledge of financial planning and public investment.

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    Qualifications

    Priority will be given to officials engaged in financial planning or PFM reform activities.

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    Course Description

    This four-day workshop is designed to provide participants from India States with techniques and tools to identify areas for improvement in their public finance systems. It will be geared to finance department and budget staff responsible for medium-term and annual financial planning and fiscal risk management and staff responsible for considering capital spending proposals.  The workshop will help them understand how strategic budgeting, public investment management and fiscal risk management can help improve effective decision making and improve service delivery leading to more active and efficient use of financial resources.

    The workshop makes use of lectures, exercises, and groupwork to ensure that participants gain practical experience that is useful for their jobs. To facilitate learning, the workshop will have hands-on sessions including preparing budget statements using tagging methodologies, and undertaking self-assessments against the IMF Public Investment Management Assessment (PIMA) framework to reflect how their own processes compare against best practice.

    Each state government in attendance will also be asked to make a brief presentation on existing key PFM reforms and the `way forward' for their state to improve PFM practices.

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    Course Objectives

    The workshop is intended to raise awareness and understand the importance of strong public financial management (PFM) practices into their systems. The workshop will look at:

    ¿    the rationale for PFM reform.
    ¿    adopting a more strategic budget process that is informed by analytical forecasting techniques.
    ¿    how to improve accountability and transparency.
    ¿    understand green PFM and climate considerations.
    ¿    how procurement and commitment controls can improve cash forecasting and budget execution.
    ¿    provide an understanding of fiscal risk management, including how to assess risk from Public Sector Undertakings.
    ¿    and improving efficiency of public investment.
     

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