Goals:

The goals of the SPFMS program are identified in the PFM Reform Strategy (2016-2021). The PFM Reform Strategy clearly sets out the key goals of the PFM reforms and identifies the priority reform actions. The strategy was developed by a cross-institutional team from the Ministry of Finance, the Office of the Comptroller and Auditor General (OC&AG), the Planning Commission, and the National Board of Revenue, among others. It identified the following five goals for PFM reforms:

• Goal 1: Maintain aggregate fiscal discipline compatible with macro-economic stability and pro-poor growth;

• Goal 2: Allocate resources consistent with Government priorities as reflected in the National Plan;

• Goal 3: Promote the efficient use of public resources and delivery of services through better budget execution;

• Goal 4: Promote accountability through external scrutiny and transparency of the budget; and

• Goal 5: Enhance the enabling environment for improved PFM outcomes.

Objectives:

Objectives: The Program Development Objective (PDO) is to improve fiscal forecasting, budget preparation and execution, financial reporting and transparency to enable better resource availability for service delivery. PDO Level results indicators are as follows:

• Use of improved fiscal (incl. debt) projections for budget-making
• Improved budget alignment with government policies and priorities through better performance of BMCs
• Reduced number of days for DDOs to receive budget in selected ministries, departments, and agencies (MDAs)
• Timely, reliable payments of salaries and vendor invoices with strengthened treasury single account and automated payment system
• Budget-holders effectively use financial information for decision-making and transparency