KP PFM Reform Strategy launches
Chitral Times Report
PESHAWAR: Khyber Pakhtunkhwa government will unveil a
three-year Public Financial Management reform strategy (2017-20)
that includes a roadmap for policy driven budget-making and its
A special session will be convened on Thursday to officially launch
the PFM strategy paper. Heads of provincial departments, academia,
researchers, representatives of development partners, civil society
and media will attend the day-long session.
KP Finance Minister Muzaffar Said will chair the session. The
provincial cabinet, which is a prior requirement, has already
approved the PFM strategy paper for implementation.
The PFM strategy paper sets out to achieve six broad objectives---
policy driven planning and budgeting; a comprehensive, credible and
transparent budget; predictability and control in budget execution;
resource mobilisation; assets and liability and accountability for
Each of these objectives will be achieved through a set of
activities sequenced over a period of 3 years.
The paper has a roadmap for reforms with key performance indicators
so the outcome of the reforms will be measured and monitored
through projected targets prescribed in the strategy paper. Reforms
will focus on policy based planning and budgeting, more control in
budget execution and expenditures, greater resource mobilization
and reforms in taxation.
One of the important pillars of reforms will be making budget
information accessible to citizens in an easy way, establishment of
specialised units to manage financial resources, and accountability
KP Finance Department evolved the strategy with technical
assistance from DFID-funded Sub National Governance Programme (SNG)
through thorough consultation and dialogue with other departments.
A multi-layered oversight mechanism, consisting of political,
administrative and public oversight, has also been put in place to
ensure implementation of the strategy.
The focus of the strategy is on strengthening key public financial
management structures and processes so that by the end of 2020 the
KP government has established a robust system for ensuring
equitable resource allocation, transparent and efficient budget
execution and fiduciary risk mitigation, leading to improved