Public Expenditure Budgeting & Management Training

Course Overview.

In the last ten to fifteen years, a wave of change in the management of public budgets has swept through developed countries and has begun to engulf many developing countries as well. Much of this impetus was brought about by dismal macroeconomic performance as reflected in sustained structural budget deficits and balooning national debt. Countries have embarked on a massive effort of “government reengineering” to restore discipline in the budget process and to better target dwindling budgetary resources towards higher priority uses.

The Public Expenditure Management aspect of this course focuses on the tools and understanding that public managers in all parts of the public sector require, in order to ensure the successful use of financial resources to carry out good public policy. It also emphasizes that public sector financial management is itself subject to policy considerations and constraints such as accountability, due diligence in the management of public funds and linking the use of public funds to their legislated purposes.

Main Training Modules

Forecasting in Budgeting and Planning 

• Overview of public finance and expenditure management
• Principles of public budgeting and fiscal responsibility
• The role of budgeting in governance and policy implementation
• Determine the purpose and objective of the forecast
• Statistical analytical tools
• Quantitative analysis and forecasting
• Forecasting techniques
• Agency problems in forecasting- solutions
• Causal analysis models – regression analysis

Becoming a Leader of Strategic Financial Planning

• Building strategy making and implementation into the role of managers
• Developing strategic leadership capability
• Creating organizational commitment to the business strategy
• Leading strategy making teams effectively
• Incentive plans
• Balanced Scorecard and other performance management systems
• Realistic action planning

Activity Based Costing (ABC) and Activity Based Budgeting (ABB)

• Activity Based Costing (ABC)
• Refinement of the Costing System
• ABC and Cost Management
• Design of ABC Systems
• The Cost Hierarchy and Cost Drivers
• Advantages and disadvantages of ABC systems
• From Traditional Budgeting to Activity Based Budgeting (ABB)
• The ABB Process
• Time-based ABC for Services Organisations
• Motivation and the Behavioural Aspect of Budgeting

Monitoring and Evaluation of Public Expenditure

• Tracking budget implementation and performance
• Techniques for evaluating public spending efficiency
• Auditing and financial reporting in public sector

Fiscal Policy and Public Financial Management

• Role of fiscal policy in economic management
• Strategies for sustainable fiscal balance and debt management
• Public financial management reforms and best practices

Transparency and Accountability in Public Expenditure

• Ensuring transparency and accountability in budgeting
• Participatory budgeting and stakeholder engagement
• Combating corruption and mismanagement in public spending

Advanced Topics in Public Expenditure Management

• Dealing with fiscal crises and emergency budgeting
• International standards and practices in public finance
• Future challenges and trends in public expenditure management

Financial Tools and Technology in Public Finance

• Utilizing financial tools and software in budgeting and reporting
• Leveraging technology for efficient public finance management
• Data analytics in public expenditure analysis

Advanced Financial Analysis

• Financial Analysis with Excel
• Financial Modeling in Excel
• Ratio Analysis and Financial Performance
• Forecasting and Budgeting with Excel
• Data Visualization and Reporting in Excel
• Advanced Financial Analysis Techniques
• Excel Tools for Financial Analysis

Way forward After the Training

Participants will develop a work plan through the help of facilitators that stipulates application of skills acquired in improving their organizations. ASPM will monitor implementation progress after the training.

Training Evaluation:

Participants will undertake a simple assessment before the training to gauge knowledge and skills and another assessment will be done after the training in-order to demonstrate knowledge gained through the training.