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By; Dr. CPA Lugemwa Michael Mayanja

      Director Internal Audit

      Deposit Protection Fund of Uganda


Public Financial Management (PFM) is a set of laws, rules, systems and processes used by governments to mobilise revenue, allocate public funds, undertake public spending, account for funds and audit results. It encompasses policy formulation, budgeting, revenue management, expenditure management, accounting, reporting, auditing, and oversight mechanisms to ensure transparency, accountability, and efficiency in the management of public finances. Effective PFM is crucial for the functioning of government programs, service delivery, and overall economic stability & growth.

In Uganda, efforts to enhance PFM practices have focused on improving budget formulation processes, strengthening financial controls, and enhancing transparency and accountability in the management of public funds. The Public Finance Management Act 2015 (as amended) sets the legal framework for financial management practices in the country by defining the guidelines for budget preparation, expenditure control, accounting & reporting, and auditing, among others. Government of Uganda has made significant progress in adopting modern financial management systems, such as the Integrated Financial Management System (IFMS) to streamline financial processes, improve budget execution, and strengthen internal controls. These technological advancements aim to enhance the oversight and management of public resources and reduce the risk of financial mismanagement. By promoting good governance and fiscal responsibility, Uganda can better utilise its resources to promote sustainable development and improve the well-being of its citizens.

As recognised in the different Public Expenditure and Financial Accountability (PEFA) Assessments, Uganda’s PFM performance has improved in terms of budget credibility, transparency, procurement practices, financial reporting and effectiveness of internal controls. This is attributed to several reforms the Government of Uganda has implemented regarding the legal and regulatory framework, automation of financial management systems, cash management reforms, and lately improvements in financial reporting reforms including implementing accrual reform programs.

In line with the theme of the conference, Public Finance Management for Enhanced Service Delivery, discussions at the Second PFM Annual Conference will revolve around effective accountability approaches for enhancing performance in the public sector, as well as emerging PFM issues such as the relative contribution of information technology, risk management and internal control on effective PFM systems and climate change/ sustainability reporting issues in the public sector.

Given the diversity of the matters to be discussed during the conference, I highly recommend and encourage all accounting officers, accounting and finance professionals, auditors, policymakers, planners, economists, development partners, civil society actors, parliamentarians, or PFM consultants to attend the Conference.