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Public Finance Management Act Proposed Amendments

What is Public Financial Management?
Basically deals with all aspects of resource management and expenditure in Government
• Collection of sufficient resources from the economy in an appropriate manner along with allocating and use of these resources efficiently and effectively constitute good financial management
• Just as managing finances is a critical function of management in any organisation, similarly PFM is an essential part of the governance process
• Positive correlation between strong PFM and public service delivery
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