Institute of Accountants to hold first public finance management conference
- Business Economy
executivewatch
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Derick Nkajja (CPA), the CEO of the Institute of Certified Public Accountants of Uganda.
The Institute of Certified Public Accountants of Uganda (ICPAU) will hold the inaugural Public Finance Management (PFM) Conference from 18 – 20 April 2023 at the Imperial Resort Beach Hotel, Entebbe. The conference will be both physical and online.
It targets accounting officers, policymakers, planners, economists, auditors, accounting and finance professionals, development partners, civil society actors, Members of Parliament, PFM Consultants and members of the public.
Organised under the theme, ‘Strengthening the Public Finance Management for Sustainable Development’, the conference seeks to bring together public sector players to share experiences and re-empower each other to tackle the challenges affecting optimal utilisation of public resources.
The public sector is a nation’s vehicle for service delivery. Public goods such as transport infrastructure, energy infrastructure, healthcare, security, utility services, and education, among others are better provided by the government.
However, Uganda’s public sector continues to be marred by accountability scandals. Despite the introduction of PFM reforms, and the efforts of the Parliamentary accountability committees to hold public officials answerable for public expenditure, the scandals rage on.
In 2021, ICPAU conducted a survey to assess the improvements resulting from the Government of Uganda PFM reforms. Although over two-thirds of the respondents revealed that the PFM reform programmes had a significant impact and were successful in generating improvements in the key aspects of public financial management, political interference, financial constraints, inadequate Information and Communications Technology (ICT) infrastructure, and non-aligned policies were highlighted as persistent hindrances for long lasting PFM reform in Uganda.
Speakers will discuss among other things the public procurement and disposal reforms, tax compliance and the growing effectiveness of Parliament’s oversight function, as enablers of PFM reform. The goal is to develop innovative and practical solutions for Uganda.
