Investor Presentaiton
Chapter IX - Public Financial Management (PFM) Reform
Major Functions of Proposed PFM Unit
1. Develop, implement and monitor Public Financial Management Reforms;
2. Undertake analytical research on taxation policy and administration;
3. Redesign and implement a system for e-Procurement;
4. Effectively communicate and highlight Government of Punjab's Public Financial Management
Reforms.
Resultantly, the proposed Unit will support Government of the Punjab in transforming its Public Financial Management (PFM) System by
facilitating simpler and productive business processes and adoption of IT systems as tools for transparent and efficient service delivery. These,
it is expected, in turn will contribute towards the desired outcomes of improved management of public resources and augur well for increased
Own Source Revenue collection for Punjab.
Conclusion
Improving the effectiveness of the PFM system is expected to generate widespread and long-lasting benefits, and may in turn help to reinforce
wider societal shifts towards inclusive institutions, and thus towards an economically stronger Punjab with reduced poverty, greater equality
and balanced growth.
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