Public Financial Management (PFM) Capacity Building Programme

Weak public financial management systems and a lack of transparency in budget processes has led to inefficiency and a lack of effectiveness in the allocation of state resources in Liberia, with public funds not always reaching the intended beneficiaries. This project, also called the Public Financia…See More

Objectives

This project, also called the Public Financial Management Reform for Institutional Strengthening (PFMRIS) project, aims to support the Government of Liberia (GoL) to reform public financial management. Its objective is to “improve domestic revenue mobilization systems and strengthen financial control and accountability in public finances”. The project follows on from the first PRM reform programme (Integrated Public Financial Management Programme), to which Sweden was a principal external donor.

Deliverables

• Strengthened domestic revenue mobilisation systems through improved online on time filing for large and medium taxpayers • Improved financial control in public finances through increased usage of the Integrated Financial Management Information System (IFMIS), in public financial management for annual decision report production • Strengthened accountability in public finances through improved scrutiny over the implementation of the annual performance audit observations and recommendations