Financial Management and Control Beyond Ministries of Finance (3rd Webinar)
Despite tangible gains in setting up the legislative frameworks for public internal control (PIC) in many SEE countries, there are difficulties with the materialization of the expected benefits of improved financial management and control (FMC). Current reform efforts in many countries remain largely technical, rather than managerial and FMC-related interventions are frequently made in isolation from broader budgetary and public administration reforms. Moreover, the ownership over the reform process between the MoF and the line ministries remains blurred.
This webinar was part of FMC webinar series and represented the final of three interlinked webinars. Recording of the second webinar is available here.
Third FMC webinar topics
The third webinar summarized the main points raised in the two preceding parts. Building on the promoted understanding of the roles and responsibilities for PIfC implementation between MoFs and budget users, the third webinar provided an opportunity to explore the monitoring and assessment component in FMC and the annual quality checking carried out by MoF.
The third FMC webinar explored the topics of:
- who is responsible for monitoring and assessment of internal control systems (FMC)?
- Why is it important that managers take ownership over reforms?
- How can MoF contribute to continuous improvement perspectives and what can be done about system-wide FMC failures?
- In what ways are the roles and responsibilities of MoF and budget users with respect to FMC complementary and how can these complementarities be leveraged for better PFM?
Kaja Jurtela, CEF
Nihad Nakaš, CEF
Noel Hepworth, Independent Public Policy Professional
Danijela Stepić, Ministry of Finance, Croatia
Who was it for
- Senior and operational staff in ministries of finance (Central Harmonization Unit, budget department, treasury department)
- Senior and operational staff in central government line ministries (secretaries, officials responsible for public service delivery: e.g. police services, defense, health, education, etc., heads of finance departments, heads of internal audit departments)
- Senior public officials responsible for design/implementation/monitoring of Public Administration Reform strategy, Public Finance Management reform strategy, and/or Public Internal Financial Control strategy
This learning initiative was supported by: