PFM FOR SERVICE DELIVERY RASHID IBRAHIM WELCOME ADDRESS

PFM FOR SERVICE DELIVERY THEMES OF PFM CONFERENCE 2014 The importance of openness and transparency Operating across political divide Partnerships are crucial Important institutions need to improve their skills Develop political will and culture in effecting reforms in financial oversight Look for objective measures to succeed Importance of simplicity and persistence

PFM FOR SERVICE DELIVERY RECOMMENDATIONS FROM PFM CONFERENCE 2014 Instigate strong political will for the development of an effective PFM Establish a Government Accounting Standards Board Transformation of all PSEs and MDAs Establish strong cash flow management system Revenue collection mechanism based on judicial and equitable norms Effective debt management mechanism Effective budget management system through cash management Budgets should be reflective of long term policies Creation of a Supreme Audit Institution Fill gaps and loop holes wherever required in regulations

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