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SESSION 1
UACS as Foundation for PFM Reform
Session Overview
1. Public Financial Management (PFM)
- Scope and Definition
2. PFM Reform Roadmap
- Legal Basis
- Key Reform Initiatives
3. Unified Accounts Code Structure (UACS)
- Purpose
- Benefits
- Where Should UACS be Used?
- UACS Implementation Challenges
Enhance government
accounting & auditing
Liability Accounting systems & standards &
Improve management of strengthen external and
government’s contingent Management and Auditing
participatory audit capacity
liabilities and financial
exposure
Capacity
Professionalize the PFM
Building
workforce through ongoing,
systematic learning &
development activities on
PFM competencies for staff at
all levels Session 1.0 UACS as Foundation for PFM 9
GIFMIS
• GIFMIS is a tool that will assist
Government to improve the
Government Integrated quality and timeliness of
Financial Management information, and efficiency and
Information System is controls in PFM operations.
an integrated IT • Provide PFM managers and staff
solution that can collect with better information to aid
and organize financial analysis and decision-making.
information in a central
database Status: Conceptual design
completed in 2012; Procurement
ongoing; Pilot in 2015
Thank You!
Session 1.0 UACS as Foundation for PFM 39