Introduction

This comprehensive 5-day course on Public Sector Finance and Budgeting is designed to equip public sector professionals with the knowledge and skills necessary to effectively manage and oversee financial resources. Participants will gain a deep understanding of budgeting processes, financial management principles, and strategic planning to enhance the efficiency and transparency of public finance operations.

Objectives

• Understand the fundamentals of public sector finance and budgeting.
• Analyze and interpret financial statements and reports.
• Develop strategic budgeting and financial planning skills.
• Identify and implement effective financial management practices.
• Enhance skills in public sector financial oversight and accountability.

Course Outlines

Day 1: Fundamentals of Public Sector Finance

• Introduction to Public Sector Finance
• Overview of Government Financial Systems
• Principles of Public Financial Management
• Roles and Responsibilities in Public Sector Finance
• Challenges in Public Sector Financial Management

Day 2: Budgeting Processes and Techniques

• Understanding Government Budgets
• Types of Budgeting Systems
• Budget Formulation and Approval Processes
• Techniques for Budget Forecasting
• Performance-Based Budgeting

Day 3: Financial Reporting and Analysis

• Key Components of Financial Statements
• Interpreting Financial Reports
• Analyzing Financial Performance
• Transparency and Accountability in Reporting
• Using Financial Ratios in the Public Sector

Day 4: Strategic Financial Management

• Strategic Planning in Public Finance
• Linking Strategic Plans to Budgets
• Cost-Benefit Analysis for Public Projects
• Risk Management in Public Finance
• Innovations and Best Practices in Financial Management

Day 5: Financial Oversight and Accountability

• Internal Controls and Audit in the Public Sector
• Role of Accountability Institutions
• Ethical Considerations in Public Finance
• Evaluating Financial Management Performance
• Continuous Improvement in Public Sector Finance