{"id":77320,"date":"2024-06-27T12:38:32","date_gmt":"2024-06-27T12:38:32","guid":{"rendered":"https:\/\/www.africa-press.net\/rwanda\/all-news\/government-development-partners-endorse-new-public-financial-management-plan"},"modified":"2024-06-27T12:49:31","modified_gmt":"2024-06-27T12:49:31","slug":"government-development-partners-endorse-new-public-financial-management-plan","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/rwanda\/policy\/government-development-partners-endorse-new-public-financial-management-plan","title":{"rendered":"Government, development partners endorse new public financial management plan"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Rwanda. <\/strong><\/span>The Government of Rwanda and its development partners have endorsed a new public financial management (PFM) strategic plan that will run from 2024 to 2029, according to the Ministry of Finance and Economic Planning.<\/p>\n<p>The Ministry said in a statement on Wednesday, June 26, that the plan is aimed at accelerating the country\u2019s socioeconomic transformation through effective fiscal policy and enhanced accountability measures.<\/p>\n<p>The 5-year strategic plan means a significant shift from the historical focus on fiduciary controls to a more comprehensive financial and economic mandate. It includes initiatives to reduce public debt and propel Rwanda towards an inclusive and resilient low-carbon economy.<\/p>\n<p>The plan will serve as a blueprint for how the government collects, spends, and manages public resources, and the subsequent impact on the economy and society.<\/p>\n<p>Key areas of focus within the strategic plan include strengthening effective and accountable public financial management, supporting the government in achieving its social and economic policy objectives, and addressing complex challenges such as climate change and gender inequality.<\/p>\n<p>The past five years witnessed substantial changes on both the global and national fronts, the Ministry said. Factors such as the COVID-19 pandemic and the escalating impacts of climate change have significantly impacted lives and livelihoods, placing immense pressure on public finances.<\/p>\n<p>Despite the challenges, the government remains steadfast in fortifying its approach to public financial management.<\/p>\n<p>During the launch of the strategic plan, Richard Tusabe, Minister of State for National Treasury and Chair of the PFM sector Coordination Forum, emphasised the importance of consolidating the robust fundamentals of PFM while enhancing the sector\u2019s capacity to support the Government\u2019s development agenda in the second National Strategy for Transformation (NST2).<\/p>\n<p>\u201cThrough collaborative efforts, the new strategy will ensure that our public financial management system aligns with Rwanda\u2019s aspirations for inclusive growth, resilience, and sustainable development,\u201d he remarked.<\/p>\n<p>Laurent Pred\u2019homme, Deputy Head of Mission at the Belgium Embassy and co-chair of the PFM sector Coordination Forum, highlighted the significant achievements of the concluded PFM strategy, citing a higher number of qualified audits and increased government expenditure audits as evidence of progress.<\/p>\n<p>\u201cThe new strategy contains key reforms to address global challenges and contribute to Rwanda\u2019s ongoing efforts towards efficiency, value for money, and enhanced accountability in line with the future ambitions of NST2,\u201d he said.<\/p>\n<p>Over the next five years, the PFM strategy aims to address critical issues such as climate finance, fiscal decentralisation, and domestic revenue mobilisation.<\/p>\n<p><strong>For More News And Analysis About Rwanda Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Rwanda. The Government of Rwanda and its development partners have endorsed a new public financial management (PFM) strategic plan that will run from 2024 to 2029, according to the Ministry of Finance and Economic Planning. The Ministry said in a statement on Wednesday, June 26, that the plan is aimed at accelerating the [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":77318,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,14],"tags":[6109,5710,204,6107,6106,6108,6105,758],"class_list":["post-77320","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-dept","tag-economic-transformation","tag-government","tag-laurent-predhomme","tag-ministry-of-finance","tag-public-finance-management","tag-richard-tusabe","tag-rwanda"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Government, development partners endorse new public financial management plan - Rwanda<\/title>\n<meta name=\"description\" content=\"The Government of Rwanda and its development partners have endorsed a new public financial management (PFM) strategic pl ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/rwanda\/policy\/government-development-partners-endorse-new-public-financial-management-plan\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Government, development partners endorse new public financial management plan\" \/>\n<meta property=\"og:description\" content=\"The Government of Rwanda and its development partners have endorsed a new public financial management (PFM) strategic pl ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/rwanda\/policy\/government-development-partners-endorse-new-public-financial-management-plan\" \/>\n<meta property=\"og:site_name\" content=\"Rwanda\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-27T12:38:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-27T12:49:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2024\/06\/sm_1719479948.497562.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"681\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/policy\/government-development-partners-endorse-new-public-financial-management-plan#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/policy\/government-development-partners-endorse-new-public-financial-management-plan\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Government, development partners endorse new public financial management plan\",\"datePublished\":\"2024-06-27T12:38:32+00:00\",\"dateModified\":\"2024-06-27T12:49:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/policy\/government-development-partners-endorse-new-public-financial-management-plan\"},\"wordCount\":427,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/policy\/government-development-partners-endorse-new-public-financial-management-plan#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2024\/06\/sm_1719479948.497562.jpg\",\"keywords\":[\"Dept\",\"economic transformation\",\"Government\",\"Laurent Pred&#039;homme\",\"Ministry of Finance\",\"Public Finance management\",\"Richard Tusabe\",\"Rwanda\"],\"articleSection\":[\"all news\",\"Policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/rwanda\/policy\/government-development-partners-endorse-new-public-financial-management-plan#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/policy\/government-development-partners-endorse-new-public-financial-management-plan\",\"url\":\"https:\/\/www.africa-press.net\/rwanda\/policy\/government-development-partners-endorse-new-public-financial-management-plan\",\"name\":\"Government, development partners endorse new public financial management plan - 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