Report on a national training workshop on senior financial management in the public sector : Lusaka Zambia 22-26 March 1993

Abstract

Financial management in the public sector is a continuous process of related operations which contributes to necessary management decisions. It is the political process of mobilizing, allocating and controlling public financial resources for socioeconomic development. In Africa countries, the management of these processes has been mixed. For example, the determination of programme priorities in public expenditure programming has been done not in accordance with development objectives thus giving rise to inefficient allocation of public financial resources among competing sectors. Financial reporting needed for the flow of management information to policy makers and for the provision of timely data on government finances has been weak; skills needed for the efficient management of public financial resources have been inadequate.