Govt. increases efforts to strengthen public financial management

Aug 14, 2017 News

Government is set to implement a number of measures to improve public administration and public financial management.
According to the Finance Ministry, a results-based management system continues to be instituted across central government with greater emphasis on areas of demonstrated weakness and where capacity gaps exist.
Complementary to this is the fact that moves are being made to improve evidence based decision making. In this regard, several initiatives were undertaken at the Bureau of Statistics – the lead agency for the development of national statistical systems.
These initiatives included the launch of a nationwide continuous Labour Force Survey, the continuation of preparations for the launch of an all-urban Consumer Price Index by the end of 2017, the publication of all remaining Compendiums to complete all work of analysis on the database that constituted Census 2012, and the establishment of a Poverty Measurement and Analysis Unit.
Additionally, an important event in the Bureau’s life and operations during the first half of 2017 was its removal from its temporary locations in Kingston, which it had occupied for close to a decade, to its newly refurbished and permanent location in Main Street.
Despite the major disruptions occasioned by the physical removal and relocation of its offices, the Finance Ministry believes that the completion of this exercise now allows the Bureau, in the second half of the year, to focus on staff expansion, among other crucial exercises.
The Finance Ministry also noted that as Budget 2018 consultations get underway, refinement to budgeting processes remains an ongoing exercise so as to continuously improve the quality of Budget submissions and discussions.
In this regard, it was noted that software to support budgeting for results is being piloted with the Ministries of Public Health and Finance to support results based discussions.
In addition to this, continued training on budget preparation, monitoring and evaluation, and reporting resulted in over 100 officers being trained in the design of theories of change and performance indicators in an effort to promote a more results based approach.
As regards the area of treasury management, the Finance Ministry said that support has been requested from the Caribbean Regional Technical Assistance Centre (CARTAC) to review the structure of the Accountant General’s Department and make recommendations on how to improve on the efficiency and effectiveness of the units, cash management, financial reporting, and use of International Public Accounting Standards (IPSAS).
Finally, the Finance Ministry said that a concerted effort has been made to share more information across government agencies and with the public via ministry websites, public service announcements and publications.

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Govt. increases efforts to strengthen public financial management

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