Format: Live instructor-led online training via Zoom / Microsoft Teams

Public Financial Management and Fiscal Policy Training Course

Public Financial Management (PFM) and Fiscal Policy are fundamental pillars of effective governance, economic stability, public accountability, and sustainable development. The Public Financial Management and Fiscal Policy Training Course is designed to equip government officials, financial managers, policymakers, budget officers, economists, development practitioners, and public sector leaders with the knowledge and practical skills required to manage public resources efficiently, formulate sound fiscal policies, strengthen budgetary systems, and improve public sector performance. As governments face increasing pressure to deliver quality services, maintain fiscal sustainability, and achieve national development goals, robust public financial management systems have become essential for ensuring transparency, accountability, and value for money.

This comprehensive training program explores the principles, frameworks, and best practices of public financial management and fiscal policy. Participants will gain practical insights into budget formulation, fiscal planning, revenue mobilization, public expenditure management, debt management, financial accountability, fiscal decentralization, public investment management, and financial risk assessment. The course integrates international standards, governance frameworks, and modern financial management tools that support evidence-based decision-making and efficient utilization of public resources.

Effective fiscal policy and sound financial management contribute significantly to economic growth, macroeconomic stability, poverty reduction, and improved public service delivery. This course emphasizes strategic approaches to fiscal discipline, resource allocation, performance budgeting, public expenditure reviews, medium-term expenditure frameworks, and fiscal sustainability. Participants will develop competencies in financial analysis, budget execution, monitoring and evaluation, financial reporting, auditing, and governance mechanisms that promote transparency and accountability within public institutions.

Through practical exercises, simulations, financial planning workshops, policy analysis sessions, and real-world case studies, participants will strengthen their capacity to design, implement, and evaluate public financial management reforms and fiscal policy interventions. Upon successful completion, participants will be equipped to improve financial governance, strengthen budgetary performance, enhance accountability systems, optimize public expenditures, and contribute to sustainable economic development through effective fiscal management and policy implementation.

Course Objectives

1.     Understand the principles and frameworks of public financial management.

2.     Strengthen fiscal policy formulation and implementation capabilities.

3.     Improve budget preparation, execution, and monitoring processes.

4.     Enhance public expenditure management and resource allocation.

5.     Strengthen revenue mobilization and fiscal sustainability strategies.

6.     Improve financial reporting, accountability, and transparency systems.

7.     Develop competencies in debt and public investment management.

8.     Enhance financial risk assessment and mitigation capabilities.

9.     Strengthen audit, oversight, and governance mechanisms.

10.  Promote efficient and effective use of public resources.

Organization Benefits

1.     Improved financial accountability and transparency.

2.     Enhanced budget planning and execution efficiency.

3.     Better resource allocation and expenditure control.

4.     Strengthened fiscal sustainability and financial stability.

5.     Improved public investment and project performance.

6.     Enhanced compliance with financial regulations and standards.

7.     Better risk management and financial oversight.

8.     Increased efficiency in public service delivery.

9.     Strengthened institutional governance and decision-making.

10.  Improved public confidence and stakeholder trust.

Target Participants

·       Government Officials

·       Budget Officers

·       Public Finance Managers

·       Economists

·       Treasury Officers

·       Revenue Authority Personnel

·       Accountants and Financial Controllers

·       Internal and External Auditors

·       Policymakers

·       Development Practitioners

·       Public Administration Professionals

·       Project and Program Managers

·       Monitoring and Evaluation Officers

·       Local Government Finance Officers

·       Researchers and Academics

Course Outline

Module 1: Introduction to Public Financial Management and Fiscal Policy

·       Principles of public financial management

·       Fiscal policy fundamentals

·       Public finance governance frameworks

·       Public sector financial systems

·       Fiscal responsibility and accountability

·       Case Study: Public financial management reform initiative

Module 2: Budget Planning and Formulation

·       Budget preparation processes

·       Medium-Term Expenditure Framework (MTEF)

·       Strategic budgeting approaches

·       Participatory budgeting mechanisms

·       Budget prioritization techniques

·       Case Study: National budget formulation process

Module 3: Budget Execution and Expenditure Management

·       Budget implementation procedures

·       Cash flow management

·       Public expenditure controls

·       Commitment and payment systems

·       Financial monitoring mechanisms

·       Case Study: Improving budget execution performance

Module 4: Revenue Mobilization and Fiscal Sustainability

·       Tax policy and administration

·       Non-tax revenue generation

·       Revenue forecasting techniques

·       Fiscal sustainability frameworks

·       Resource mobilization strategies

·       Case Study: Enhancing domestic revenue collection

Module 5: Public Debt and Fiscal Risk Management

·       Public debt management principles

·       Debt sustainability analysis

·       Fiscal risk identification and assessment

·       Contingent liabilities management

·       Risk mitigation strategies

·       Case Study: Managing fiscal risks in public finance

Module 6: Public Investment Management

·       Public investment planning

·       Project appraisal and selection

·       Cost-benefit analysis techniques

·       Infrastructure financing strategies

·       Investment monitoring systems

·       Case Study: Public investment project evaluation

Module 7: Financial Reporting and Accountability

·       Public sector accounting standards

·       Financial reporting frameworks

·       Transparency and disclosure mechanisms

·       Financial statement analysis

·       Accountability systems and practices

·       Case Study: Strengthening financial reporting systems

Module 8: Internal Controls and Audit Systems

·       Internal control frameworks

·       Internal audit functions

·       External audit processes

·       Compliance and assurance mechanisms

·       Fraud prevention and detection

·       Case Study: Audit-based financial improvement initiative

Module 9: Fiscal Decentralization and Local Government Finance

·       Fiscal decentralization concepts

·       Intergovernmental fiscal transfers

·       Local revenue generation

·       Local government budgeting

·       Financial governance at subnational levels

·       Case Study: Decentralized financial management system

Module 10: Performance-Based Budgeting and Results Management

·       Performance budgeting frameworks

·       Results-based management principles

·       Performance indicators and metrics

·       Program budgeting approaches

·       Monitoring and evaluation integration

·       Case Study: Performance-based budgeting reform

Module 11: Public Financial Management Information Systems

·       Digital financial management systems

·       Integrated Financial Management Information Systems (IFMIS)

·       Financial data analytics

·       Financial reporting automation

·       Cybersecurity in financial systems

·       Case Study: Digital transformation of public finance systems

Module 12: Emerging Trends and Future Directions in Public Financial Management

·       Fiscal policy innovations

·       Green budgeting and climate finance

·       Public-private partnership financing

·       Sustainable development financing

·       Future trends in public finance governance

·       Case Study: Modernizing public financial management systems

General Information

1.     Customized Training: All our courses can be tailored to meet the specific needs of participants.

2.     Language Proficiency: Participants should have a good command of the English language.

3.     Comprehensive Learning: Our training includes well-structured presentations, practical exercises, web-based tutorials, and collaborative group work. Our facilitators are seasoned experts with over a decade of experience.

4.     Certification: Upon successful completion of training, participants will receive a certificate from Foscore Development Center (FDC-K).

5.     Training Locations: Training sessions are conducted at Foscore Development Center (FDC-K) centers. We also offer options for in-house and online training, customized to the client's schedule.

6.     Flexible Duration: Course durations are adaptable, and content can be adjusted to fit the required number of days.

7.     Onsite Training Inclusions: The course fee for onsite training covers facilitation, training materials, two coffee breaks, a buffet lunch, and a Certificate of Successful Completion. Participants are responsible for their travel expenses, airport transfers, visa applications, dinners, health/accident insurance, and personal expenses.

8.     Additional Services: Accommodation, pickup services, freight booking, and visa processing arrangements are available upon request at discounted rates.

9.     Equipment: Tablets and laptops can be provided to participants at an additional cost.

10.  Post-Training Support: We offer one year of free consultation and coaching after the course.

11.  Group Discounts: Register as a group of more than two and enjoy a discount ranging from 10% to 50%.

12.  Payment Terms: Payment should be made before the commencement of the training or as mutually agreed upon, to the Foscore Development Center account. This ensures better preparation for your training.

13.  Contact Us: For any inquiries, please reach out to us at training@fdc-k.org or call us at +254712260031.

14.  Website: Visit our website at www.fdc-k.org for more information.