Budget-Policy Linkage, the New Platform for the Public Financial Management Reform Program Stage 3

The Public Financial Management Reform Program (PFMRP) Stage 3 launched here this morning under the chairmanship of Prime Minister Samdech Akka Moha Sena Padei Techo Hun Sen mainly focuses on budget-policy linkage.

Budget-policy linkage is a new platform for the PFMRP Stage 3 that will be implemented from 2016-2020, said the Cambodian premier at the launching ceremony.

PFMRP started with " budget credibility," then " Financial accountability, " pointed out Samdech Techo Hun Sen.

The PFMRP in stage 3 aims at assuring coherence and interconnection between macro-level policies frameworks, sectorial policies and strategies to the yearly action plan of line ministries across the Royal Government of Cambodia, he added.

This is to gradually transform the public financial management or budget system from an input-based and centralized system into a result-based or performance-based and decentralized system, he underlined.

Source: AKP

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