Strengthening PFM Framework for Indian States

Source details

Target Audience:
- Mid-level officials from Finance Departments with relevant knowledge of financial planning and public investment.
Qualifications:
- Priority will be given to officials engaged in financial planning or PFM reform activities.

The workshop is described as a four-day workshop designed to provide participants from India States with techniques and tools to identify areas for improvement in their public finance systems.
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.
Aims to help participants 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.

Teaching methods include lectures, exercises, and groupwork to ensure participants gain practical experience useful for their jobs.
Hands-on sessions include:
- 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.

Raise awareness and understanding of the importance of strong public financial management (PFM) practices in participants' systems.
Specific topics 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.

Hands-on sessions with practical tools and self-assessments against the IMF PIMA framework.
Each state government in attendance will be asked to make a brief presentation on existing key PFM reforms and the `way forward' for their state to improve PFM practices.