development of human capacity for public finance
In the context of public finance, human capacity development is the process of improving the abilities, know-how, and proficiency of those employed in government financial systems in order to guarantee efficient planning, budgeting, spending, and accountability of public funds.
Important elements consist of:
Training and Education: Offering chances for ongoing education in financial analysis, accounting, auditing, budgeting, and procurement.
Establishing strong public finance management (PFM) organizations with distinct roles, duties, and accountability frameworks is known as institutional strengthening.
Technology and Tools: Giving staff members access to cutting-edge financial management tools and systems to increase productivity and transparency.
Ethics and Leadership: Encouraging ethical standards, honesty, and good leadership in the administration of public finances.
Policy and Regulatory Frameworks: Making certain that employees are aware of and compliant with current legal and financial requirements.
Performance management is the process of promoting a culture of performance by means of frequent assessments and rewards for superior performance.
The objective is to increase public finance management’s efficacy, efficiency, and transparency in order to boost public trust and service delivery.
Author: Mohamed Yasin
