Public Financial Management Improvement and Consolidation Project

closed

The objective of the Public Financial Management Improvement and Consolidation Project for Sierra Leone is to improve budget planning and credibility, financial control, accountability and oversight in government finances in Sierra Leone. The project has five components. (1) Enhancing budget planning and credibility component will strengthen the macro fiscal forecasting and public investment functions of government to improve overall budget planning, and manage systems and procedures for budget formulation. (2) Financial control, accountability, and oversight component will strengthen financial control in government, improve accountability systems and practices, and enhance independent and public oversight in the management and use of central Government public finances. (3) Supporting the strengthening of revenue mobilization and administration systems component will strengthen revenue policy and oversight of revenue collection, improve the efficiency and integrity of revenue administration to increase domestic revenue, and integrate revenue systems within the overall PFM system. (4) Strengthening local governance, financial management and accountability systems component will improve the financial management systems in local councils, and strengthen the accountability and oversight institutions to contribute to enhanced service delivery efficiency and effectiveness. (5) Public Financial Management (PFM) reform coordination and project management component will ensure a continued strong institutional framework to coordinate and oversee the implementation of the PFM reform strategy as a whole as well as manage the implementation of the proposed project.