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5-year plan for financial management reform launched

5-year plan for financial management reform launched

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On
Aug 07, 2016 - 10:06

KABULinfo-icon (Pajhwok): President Ashraf Ghani has officially launched a five-year ‘Public Financial Management Reform Plan” in line with a promise held out the international community at the London Conference.

As part of the plan, the government will try to ensure transparency in its financial system and proper utilisation of funds through by reforming the financial sector, controlling the budget and overseeing national revenue.

During Saturday’s launching ceremony at the Presidential Palace, Finance Minister Eklil Hakimi said the plan would be first implemented by his ministry before it was extend to other government institutions.

The initiative is part of the national development framework shared with the private sector, civil societyinfo-icon and international partners, according to Hakimi, who said it would be presented at the Brussels Conference.

A statement from the Palace said President Ghani promised stepping up efforts to bring necessary reforms to financial management.“We have managed to increase our budget by 22% despite challenging conditions. We can definitely double this amount.”

pr/mud

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