Public Finance Management with IFMIS

Sound systems, strong legal and regulatory frameworks as well as a competent and productive civil service are the cornerstones of an efficient Public Finance Management (PFM) regime. Public Financial Management reforms have been identified as the key drivers to efficient public service delivery and creation of wealth and employment, ensuring that the Government and its Departments raise, manage, and spend public resources in an efficient and transparent way with the aim of improving service delivery.

Over the last decade the Government of Kenya has undertaken a number of PFM reforms aimed at enhancing accountability and transparency. These reforms have targeted the core PFM systems of budget formulation and execution, public procurement, revenue collection, internal and external audit, parliamentary oversight, Payroll and Pensions, Public debt and guarantees, Accounting and Reporting and the Macro-fiscal framework.

This calls for sustained implementation of the Government’s reform programs. One of the major reforms embarked on, is the automation of Public Financial Management processes. The introduction of the Integrated Financial Management Information System, has been premised on the realization that Government of Kenya can effectively leverage existing and emerging technology to enhance the pace of reforms.