MODULE-IV

PUBLIC FINANCIAL MANAGEMENT

REF/
Mode/ TOPIC AND SCOPE Suggested Readings / Resources
hrs.
BUDGET FORMULATION PROCESS 1. Budget Manual, First Edition, (Chapter 5,
SCOPE Budget Activities and Policies); 2020
 Different steps in the Budget Cycle https://www.finance.gov.pk/Budget_Manual_1
4.01/  Hands-on exercise in developing stEdition_2020.pdf
W/04 budget proposal/ estimates 2. Supplement on Public Financial Management
hrs Systems in Pakistan, 2020;
https://www.adb.org/sites/default/files/linked-
documents/54193-001-sd-04.pdf

ROLES AND RESPONSIBILITIES OF 1. Financial Management and Powers of Principal

THE DRAWING & DISBURSING Accounting Officers Regulations, 2021;
OFFICER http://www.finance.gov.pk/budget/FMP_Reguat
SCOPE ions_2021.pdf
 Public money and responsibilities of 2. Cash Management and Treasury Single Account
DDO Rules, 2020;
 DDO’s responsibilities towards https://www.finance.gov.pk/budget/CM&TSA
4.02/ %20Rules_2020.pdf
PAOs/HoDs and Accounts/Audit
W/ 02 3. Government of Pakistan, Controller General of
offices
hrs Accounts, Assan Assignment Procedures (Local
 Responsibilities of the DDO in PFM
of regular government departments Currency), 2020;
 Additional responsibilities of the https://www.finance.gov.pk/budget/Asaan_Account
DDO in the PFM of autonomous _Local_Currency_2020.pdf
institutions/projects using Assan
Assignment Account
 Practical/hands-on exercises
4.03/ HANDLING AUDIT OBSERVATIONS 1. Wadesango, Newman, Charity Mhaka, Ongayi
W/ 02 SCOPE Vongayi Wadesango and T. Chinamasa.
hrs  Common types of audit “Challenges faced by management in
implementing audit recommendations: A
observations
literature review.” Risk Governance and
 Role and importance of Exit Control: Financial Markets & Institutions 7
Conference in the resolution of (2017): 51-61.
https://www.semanticscholar.org/paper/Challenges-
audit observations faced-by-management-in-implementing-A-
 Powers and limitations of DAC in WadesangoMhaka/
the resolution of advance level of 509f67ff77c8b47601203480a7ce70118c357e55
2. EUROSAI, Follow-up of the implementation of
audit paras audit recommendations, Best practices guide,
 Hands-on practice on preparation
issued by the project group (page 5-8 only),
of replies to audit paras separately
for compliance audits and
2021; https://www.eurosai.org/handle404?
exporturi=/export/sites/eurosai/.content/documents/
performance audits
REF/
Mode/ TOPIC AND SCOPE Suggested Readings / Resources
hrs.
2021-02-03-Final-report-for-EUROSAI.pdf

MANAGEMENT FINANCE (Finance for 1. Government of Pakistan: Public Finance

Public Managers) Management Act, 2019 (amended up to 30th
4.04 Scope June, 2020);
LD  Public Policy and PFM: https://www.finance.gov.pk/budget/PFM_Act_2
1.5 hrs 019.pdf
Challenges and Policy 2. IMF, Fiscal Policy: Taking and Giving Away
Imperatives 2020;
 The Development-Non https://www.imf.org/external/pubs/ft/fandd/basics/fis
cpol.htm
Development Divide 3. Government of the Punjab: Initiatives,
 Fiscal Tightening, Fiscal Innovations and Reforms, 2020,
Discipline and the myth of https://finance.punjab.gov.pk/system/files/GOP
%20Performance%20Review
'Austerity' %202020%208_2020.pdf
 Course Corrections through the
PFM
 PFM and Corporate Governance
 Salient Features of PFM Act 2019
 Green Book
 Role of Auditor General in PFM