Capacity Building in Public Finance and Budgeting

Capacity Building in Public Finance and Budgeting

In the intricate landscape of public finance and budgeting, the notion of capacity building stands as a pivotal element in enhancing efficiency, transparency, and accountability within governmental and non-governmental operations. The primary aim of training in capacity building within public finance and budgeting is to develop professionals who can adeptly navigate the complexities of fiscal management and policy formulation. This involves imparting a deep understanding of the mechanisms that underpin budgets, revenue generation, expenditure planning, and financial reporting.
In so doing, EduPlus shall:

Equip participants with both theoretical insights and practical tools to enhance analytical competencies in making informed, evidence-based decisions that align with economic realities and developmental goals.

Enhance skills and knowledge in effective public finance management and budgeting.

Bolster the proficiency of individuals in the areas of resource mobilisation and financial accountability.

Train in optimising tax policies, improving expenditure efficiency, and strategically deploying financial resources to achieve socio-economic objectives.

Train participants to anticipate fiscal challenges, adapt to changing economic environments, and identify sustainable financing options, which are crucial for long-term financial health and stability.

Foster transparency and accountability in public finance operations by instilling a culture of openness through a comprehensive understanding of public procurement processes, audit standards, and financial reporting requirements.

Build capacities in nurturing public trust and in preventing corruption and mismanagement.

Encourage participants to explore and innovate dynamic budgeting frameworks such as performance-based budgeting and participatory budgeting, which emphasise results and stakeholder engagement.