Strong PFM, Fiscal Management and Budget Implementation will lead to Economic Growth, Say Assistant Minister Designate for Expenditure

Monrovia, Liberia - The Assistant Minister Designate for Expenditure, Hon. Dede Sandiman at the Ministry of Finance and Development Planning says a strong Public Financial Management, Fiscal Management and Budget Implementation across spending entities will lead to growth and development.

He made the disclosure at the opening of a two-day workshop of Liberia Technical Assistance Mission support to develop the implementation plan of public financial management strategic for 2023-2026.

The two-day workshop is geared towards key public financial management discussion, agreed action plan, milestone achieved from 2017 -2020 reform, challenges, outstanding issues and a proposed implementation plan for the 2023-2026 PFMRSAP strategic.

The training is sponsored by the IMFAFRITAC WEST 2 based in Accra Ghana which is been held at Mamba Point Hotel from April 17-18, 2024.

According to him, AFRITAC delegation to Liberia remain a long-standing partner to the Ministry of Finance and Development Planning in terms of reforms. ‘’ they remain a long-standing partner to MFDP in term of reform where they taught us about the TSA, CASH management and so on’’ He explain.

He thanked the delegation for a strong working relationship and commitment over the years and encouraged all participants from spending entities to remain focus, asked the necessary questions and fine solution to the implementation of the strategic plan.

For his part, the Coordinator of Public Financial Management Reforms Coordination Unit, Mr. Joseph K. Fahnbulleh reaffirmed a strong commitment and working relationship with ministries and agencies to implement the Public Financial Management strategic for 2023-2026.

The structure of the strategy is built around 9 thematic areas of (TAS) focusing on reviewing and updating all the acts and others legal instrument by providing a clearer structure of authority responsibility and accountability within the PFM system.

He noted that the Public Financial Management strategy should align with the national development plan by identifying and document relationship amongst activities. He praised the lead facilitator and his team for the effort and commitment to share knowledge when the need arises.