Economics, public finance, domestic revenue mobilisation & budget support

Group info

PFM I - Public Finance Management: Systems and Principles

Page created by
Capacity4dev Team13 April 2018

Practical Information

The course is intended for Commission staff, notably for DG Devco in HQ and Delegation. The course is also open to collegues from the European Institutions, notably DG ECFIN, ELARG, TRADE, ECHO and the EEAS.

This course lasts 4.5 days and can take place both in Brussels (HQ) and Delegation.

For further information, please contact the DEVCO Training Team.

Training Objectives

We aim to provide you with an introduction to the building blocks and architecture of a typical Public Finance Management (PFM) system. In practice, these systems are as varied as their countries’ histories, cultures and institutions. This course forms the basis upon which you can develop a personal framework for developing and deepening your understanding of PFM and its role in development. A deep understanding of PFM and its environment is essential for development and poverty reduction.


The course will be based around the following modules:

  • Definitions, presentation of PFM objectives and the context of PFM.
  • Presentation of the budget approaches, the legal framework for PFM and some special issues related to the budget
  • Presentation of the budget classification system, which is a key instrument for both administering and budget policy analysis. This module will be followed by case studies.
  • The macroeconomic constraints that frame the budget and the importance of PFM to maximise the contribution of public finance to economic stability and growth.
  • Budgeting: a first module will review the basic principles for sound budget preparation; a second module will present the MTEF and discuss related issues.
  • Budget Execution: to provide participants with a good understanding of how the budget is executed as the budget is the instrument to implement policies in practice
  • Internal Controls and internal audit: internal controls are critical to sound budget execution. Internal audit aims to provide management with support to reinforce and maintain adequate internal controls.
  • Payroll, procurement and IT: Payroll and Procurement are the two main means by which the budget is executed. Their efficiency and control are key to sound and effective public expenditure.
  • Revenue Administration.
  • Treasury management and debt management: cash management and revenue administration, including the collection and custody of public funds determine the extent to which budget execution can be achieved.
  • Accounting, recording, reporting: these are essential functions of a sound PFM system to enable users and managers to obtain the necessary management information and to enable accountability and openness to parliament and the wider public.
  • External scrutiny and oversight: the external audit function and legislative scrutiny and oversight of the budget process are outlined and discussed.
  • PFM issues at sub-national levels and in state owned enterprises: this section aims to provide participants with an understanding of the transfers that support fiscal decentralisation and the links between state owned enterprises and the budget.
  • Presentation of Public Expenditure and Financial Accountability Performance Measurement Framework (PEFA-PMF), which is a key instrument to assess PFM systems.


Learning methods will include the following:

  • Introduction to key concepts through “teach and discussion”.
  • The use of extensive examples from many different countries.
  • The use of exercises (in particular short exercises, “buzz” sessions) to provoke and consolidate certain points raised.
  • Provision of references to further reading, details of regional and international standard settings and capacity development support organisations.
  • On-line follow-up discussions among participants to share their experiences of implementing what they have learned, supported by the trainers and tutors.


This training is also offered in French: La Gestion Des Finances Publiques


Outline and Course Materials


Day 1

PPT1.1 - Introduction & key concepts

PPT1.2 - The Budget Cycle

PPT1.3 - Macroeconomics and The Budget

Day 2

PPT2.1 - The Budget, budget preparation and the MTEF

PPT2.2 - Budget planning and performance

PPT2.3 - Budget Execution

PPT2.4 - Internal Control

Day 3

PPT3.1 - Special Issues - Payroll, Procurement and IT

PPT3.2 - Treasury Management

Day 4

PPT4.1 - Coding and Classification

PPT4.2 - Revenue Administration 

PPT4.3 - Accounting and Reporting

Day 5

PPT5.1 - Internal Audit

PPT5.2 - External Audit & Oversight

PPT5.3 - PFM diagnostic tools and the PEFA

PPT5.4 - Introduction to PFM Reform


All course modules as well as reading documents and handout can be downloaded together in a compressed zip file (20.5 MB): Download



Dear All, 

I want to undergo an elearning course on PFM from which i can get a certificate of Achievement. Can someone in the house assist me on how to proceed.

Dear Emmanuel,

Thank you for your message. I'm afraid that there is no PFM e-learning for the time being.
However :

1) PFM I ("Public Finance Management: Systems and Principles", 4.5 days) face-to-face trainings are regularly delivered in Brussels (EC DEVCO HQ). The next ones are on the following dates in 2018:

  • 14-18 May (English)
  • 25 June-3 July (French)
  • 10-14 Sept (English)
  • 5-9 Nov (English)

2) in case your delegation has a need to attend a learning event on PFM or any other topic we would be please to organise one. Don't hesitate to contact Susanne Wille from EC DEVCO A4: 

3) I also invite you to regularly check the programme of the Open Learning Campus Events organised by the World Bank ( They might organise some PFM-related e-courses, webinars or MOOCs (Massive Open Online Course) soon.

I hope I answer your question.

Best regards,


Thank you Florence.

I will follow up on that.




Dear all,

This course was updated in April 2018. All the modules were updated.

Please feel free to consult them!

Best regards,


Dear Florence,

Unfortunately the link to download all course modules as well as reading documents and handouts in a zip-file doesn't work, would you be able to fix this before the start of the next course I'll be attending on Monday? Thanks!


Dear Florian,

thanks for pointing out this issue. The link is now functional.

If you have any question, please don’t hesitate to come back to me.

Best ,


Dear Florence,


Many thanks for solving this so quickly. Could you also please update the link for the French version of the slides?




Dear Florian,


Best regards,


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