Cambodia Public Financial Management and Accountability

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The Public Financial Management and Accountability Project for Cambodia aims to strengthen public financial management by strengthening: (1) the mobilization of public resources, (2) the management of public resources, (3) the management of human resources, and (4) external audit. The project has six components: (1) Revenue Management: This component will help modernize the Tax Department by strengthening core tax administration functions and improving accountability arrangements, non-tax revenue policy and administration, and oil revenue management, as a means of developing policy and strengthening institutional arrangements for transparent oil and gas revenue management; (2) Budget Formulation: This component strengthens capacity to formulate and integrate the budget; (3) Budget Execution: This component helps establish a Financial Management Information System and also strengthens procurement as well as Treasury systems and procedures; (4) Capacity Development: This component supports the internal audit function, the organizational management of the Ministry of Economy and Finance (MEF), and training; (5) Merit Based Pay Initiative: This component institutionalizes an accelerated pay enhancement program in MEF; and (6) Building the Oversight Capacity of Cambodia's National Audit Authority: This component enables the National Audit Authority to conduct effective audits and to deliver relevant and timely audit reports that are published and made available to the public.