Training Course on Public Financial Management and Fiscal Sustainability

Introduction

Sound Public Financial Management (PFM) is fundamental to economic stability, sustainable development, and effective service delivery. Governments worldwide face increasing pressure to manage public resources efficiently, maintain fiscal discipline, ensure transparency, and respond to growing economic uncertainties. Effective public financial management systems are essential for promoting accountability, improving public sector performance, and achieving national development goals.

As public expenditures expand and fiscal challenges become more complex, policymakers and public finance practitioners must strengthen their capacity to formulate budgets, manage public debt, assess fiscal risks, and ensure prudent allocation of resources. Robust fiscal management practices not only enhance public trust but also support long-term economic resilience and fiscal sustainability.

This Training Course on Public Financial Management and Fiscal Sustainability is designed to equip participants with practical knowledge and skills to strengthen public finance systems, improve budgetary processes, manage fiscal risks, and promote sustainable fiscal policies. The course combines international best practices with practical case studies, enabling participants to apply modern public financial management tools and frameworks in their institutions.

Participants who successfully complete the course will receive a Certificate of Participation.

Course Objectives

1. By the end of this training, participants will be able to:
2. Understand the principles and components of public financial management
3. Apply effective budget formulation and execution processes
4. Analyze public expenditures and assess their effectiveness
5. Identify and manage fiscal risks affecting government finances
6. Understand public debt management frameworks and strategies
7. Promote fiscal transparency, accountability, and good governance
8. Develop and implement Medium-Term Expenditure Frameworks (MTEFs)
9. Support fiscal sustainability through sound public finance policies

Duration

5 Days

Target Audience

This course is intended for:

• Ministry of Finance officials
• Treasury and budget officers
• Public finance and fiscal policy analysts
• Central bank professionals
• Financial regulators and supervisors
• Public sector accountants and auditors
• Development partner staff
• Economic planning officers
• Public sector managers and administrators
• Researchers and policy advisors

Course Outline

Module 1: Introduction to Public Financial Management and Fiscal Sustainability

• Fundamentals of public financial management
• Principles of fiscal sustainability
• Public financial management cycle
• Fiscal policy and economic development
• Institutional frameworks for public financial management
• International standards and best practices

Module 2: Budget Formulation and Execution

• Budget preparation processes
• Strategic planning and budgeting
• Program-based budgeting
• Budget approval and implementation
• Revenue forecasting and expenditure planning
• Budget monitoring and performance management
• Challenges in budget execution

Module 3: Public Expenditure Analysis and Medium-Term Expenditure Frameworks

• Principles of public expenditure management
• Expenditure review and efficiency analysis
• Public expenditure tracking
• Introduction to Medium-Term Expenditure Frameworks (MTEFs)
• Linking policy priorities to resource allocation
• Performance-based budgeting approaches
• Strengthening expenditure effectiveness

Module 4: Fiscal Risk Management and Public Debt Management

• Understanding fiscal risks and vulnerabilities
• Identifying and assessing fiscal risks
• Contingent liabilities and government guarantees
• Fiscal risk monitoring and reporting
• Public debt management principles
• Debt sustainability analysis
• Debt management strategies and frameworks

Module 5: Fiscal Transparency, Accountability, and Governance

• Principles of fiscal transparency
• International fiscal transparency standards
• Public financial reporting and disclosure
• Internal controls and financial oversight
• Audit and accountability mechanisms
• Anti-corruption measures in public finance
• Strengthening public trust through transparent fiscal management

Training Approach

The training will be delivered through:

• Interactive lectures and facilitated discussions
• Analysis of public finance case studies
• Practical exercises on budgeting and fiscal analysis
• Group work and policy simulations
• Experience-sharing sessions among participants
• Real-world examples from national and international public finance systems

GENERAL NOTES

• The instructor led trainings are delivered using a blended learning approach and comprises of presentations, guided sessions of practical exercise, web-based tutorials and group work. Our facilitators are seasoned industry experts with years of experience, working as professional and trainers in these fields.
• The participants should be reasonably proficient in English as all facilitation and course materials will be offered in English.
• Upon successful completion of this training, participants will be issued with a certificate.
• The training will be held at Kincaid Training Centre. The course fee covers the course tuition, training materials, two break refreshments and lunch.
• All participants will additionally cater for their, travel expenses, visa application, insurance, and other personal expenses.
• Accommodation and airport pickup are arranged upon request. For reservations contact the Training coordinator at Email: training@kincaiddevelopmentcenter.org or Tel: +254 724592901
• This training can also be customized to suit the needs of your institution upon request. You can have it delivered in our Kincaid Training Centre or at a convenient location.

For further inquiries, please contact us on Tel: +254 724592901 or send mail to training@kincaiddevelopmentcenter.org.

Payments are due upon registration. Payment should be sent to our Bank account before commencement of training and proof of payment sent to training@kincaiddevelopmentcenter.org.