Public Financial Management Cycle

I greet you all and welcome you back to the lesson. The subject is Advanced Public Finance Management. Today, we're going to study the public financial management cycle Public financial management cycle Now, the cycle here describes four stages in the annual budget cycle which centers around the budget formulation Budget execution accounting and reporting and external scrutiny, the cycle—let me demonstrate it Let me have it like that, try and be creative here come up with the cycle cycle I've said that the term budget, I mean the the the term financial management commonly describes the elements of the annual budget cycle which typically centers around one is the budget formulation budget formulation in the case of the budget process at the national level level, we say that the Cabinet Secretary or The national treasury is the one Who manages the process of formulating the budget at that level? Okay then there is budget implementation budget execution number three is what we call accounting and reporting accounting and reporting then there is finally the oversight external oversight external security or external audit external audit, so this is the budget budget the cycle public finance management cycle now candidates the budget, the budget is Prepared with due regard to government fiscal policies, strategic plans, and adequate Macroeconomic and fiscal projections. Budget implementation is executed with In football, the ball is used. including a system of effective standard processes and internal controls Ensuring that resources are obtained and allocated efficiently to meet project requirements. About ni kujiri used as intended Accounting and reporting are accurate. The mafia is worse than the thieves who steal. the more you strive to be because of that. By using the back of the hand, using for striking To use it properly and to use it for work. Audit today with Use the one used for the decoration. At last, truly arriving from money It was about the time of the harvest festival. That's why Bernadol was also the one who reached the top. In Kenya, we have the Office of the Auditor General, The time of death for a person is the time of death for another person to die, but not to die, and to die in dying so public finances are And there is also external follow-up regarding whether independently reviewed and The executive has implemented the recommendations for improvement. So this is the cycle This is the cycle. public financial management public financial site management cycle, and I've said begins with budget formulation The budget cycle begins with budget formulation. It begins with the budget process in which the government with legislative oversight plans for the use resources for the coming years in accordance with policy priorities Then once the budget has been approved and the new fiscal year begins then spending agencies and the National Treasury embark on its implementation. They use the resources allocated to them. because because because because because because because because because because because because because because Now the National Treasury manages the... I will praise God for the time of departure At this moment they take about the ukwa a request for forgiveness for the mistake and the meeting of the council of capabilities of the creators from only there from The ukulele for the children I learned how to budget process at the national level and at the county level is a process. You can refer to your notes; there are also provisions. on the Public Management Act on the implementation: how the budget has to be implemented, how funds are to be withdrawn from the consolidated fund What are the requirements? Who should approve? and so on, then there is the accounting and reporting throughout each spending agency records the fiscal year its expenditures, and that's what we are referring to as an accounting report recording expenditure To Indeed, Indeed, Indeed, However, Yes. Therefore, therefore, therefore, therefore, Therefore. Therefore, the ANYA SILALAMA FOR THEY ARE NOT THE SAME THING KUWA MONO Therefore, on I have informed him to leave, from from from from from from from from from. You can verify the Noorini account. died at the top on the majesty for further scrutiny and follow-up so that is the public financial management cycle the cycle that revolves around the budget process budget formulation budget implementation or execution accounting and reporting and then external scrutiny or oversight That will mark the end of the lesson. Thank you for attending. Therefore, from going from going from from from from from from Thank you. Goodbye.