South Sudan Public Finance Management critical to the effective use of resources in Transitional Period

November 6, 2019 Newsbeat, Oil, Press Releases

PRESS RELEASE,

Revitalized Joint Monitoring and Evaluation Commission (R-JMEC)

Gen. Augustino Njoroge, the interim chairperson of the Reconstituted Joint Monitoring and Evaluation Commission (R-JMEC) (File/Supplied/SSNN)

Nov 6th, 2019 (SSNN)-The Reconstituted Joint Monitoring and Evaluation Commission (RJMEC) has highlighted that the review of the Public Finance Management (PFM) laws will facilitate the effective implementation of the reforms that the Revitalised Transitional Government of National Unity (RTOGNU) will undertake during the Transitional Period.Speaking during the opening session of the experts and stakeholders workshop on the review of PFM sector laws organised by the National Constitutional Amendment Committee (NCAC) on Wednesday, 6th November, the RJMEC Interim Chairperson Amb. Lt. General Augostino Njoroge said

“The PFM is critical to the effective use of resources in order to spur growth of the economy to facilitate reconstruction and national development.”

The Minister for Finance and Planning, Honourable Salvatore Garang Mabiordit officially opened the two day workshop aimed at bringing together experts and stakeholders to discuss the necessary reforms to the PFM sector in order to strengthen fiscal responsibility, accountability and control in the management of public funds.According to the Revitalized Agreement on the Resolution of the Conflict in the Republic of South Sudan, the RTGONU is mandated to “carry out radical reforms and transformation of public financial management systems to ensure transparency and accountability” (R-ARCSS Article 1.2.7).

“Given the importance of the economic and financial sector to the implementation of the Agreement, it is essential that experts and stakeholders, including the PFM institutions, are fully involved in identifying the areas where reforms are needed as well as the actual reforms”, Amb. Njoroge continued.

Also speaking at the event, the NCAC Chairperson Mr Gichira Kibara urged all participants to be frank, focussed and comprehensive in making recommendations for review of the laws or reforms of the PFM sector.