Introduction:

This comprehensive training program, designed by Global Horizon Training Center, aims to provide participants with a solid understanding of modern public financial management and budgeting practices. The course explores key concepts, tools, and techniques necessary for effective financial planning, budget preparation, execution, monitoring, and reporting in the public sector. Participants will gain insights into global best practices, regulatory frameworks, and performance-based budgeting approaches to enhance their financial decision-making and ensure responsible management of public resources.

Objectives:

By the end of this training program, participants will be able to:

• Understand the fundamental principles and practices of public financial management and budgeting.

• Develop skills to prepare, execute, and monitor public budgets effectively.

• Apply performance-based budgeting techniques to enhance accountability and transparency.

• Identify and mitigate risks associated with public financial decision-making.

• Utilize modern financial analysis tools for decision support in the public sector.

• Align public financial management practices with national and international standards.

Course Methodology:

• Expert-led presentations

• Case studies from public institutions

• Group discussions and exercises

• Practical examples and simulations

• Interactive Q&A sessions

• Individual and group activities

Organizational Impact:

• Enhanced financial stewardship and accountability in public sector organizations.

• Improved capacity to align budgets with policy objectives and public service delivery goals.

• Strengthened risk management and compliance practices.

• Better use of financial data for performance evaluation and decision-making.

• Promotion of fiscal discipline, sustainability, and transparency.

Target Audience:

• Public sector finance managers and officers

• Budget analysts and planners

• Accountants and auditors in government agencies

• Policymakers and administrators

• Professionals involved in public financial reporting and performance measurement

• Any individuals involved in public sector budgeting and financial management

 Outline:

Day 1: Introduction to Public Financial Management

• Overview of public financial management (PFM) frameworks

• Key principles and global best practices

• Legal and regulatory aspects of PFM

• The role of PFM in governance and public policy

Day 2: Budgeting in the Public Sector

• Types and functions of public budgets

• Budget preparation and formulation processes

• Stakeholder engagement and consultation

• Techniques for budget estimation and allocation

Day 3: Budget Execution and Monitoring

• Steps in budget execution and control

• Monitoring techniques and financial accountability

• Variance analysis and corrective actions

• Challenges and risks in budget implementation

Day 4: Performance-Based Budgeting

• Linking budgets to outcomes and performance

• Key performance indicators (KPIs) for public services

• Integrating financial and non-financial data

• Case studies: successful performance-based budgeting systems

Day 5: Reporting and Decision-Making

• Financial reporting and communication in the public sector

• Transparency and citizen engagement

• Financial data analysis for strategic decisions

• Wrap-up: best practices and action plans for your organization