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| MTBF is part of a package of reforms aimed at moving from a traditional to a modern public financial management (PFM) system. Other parts of the wider package include: |
The Debt Limitation and Fiscal Responsibility Act (2005) which aims to ensure budgeting takes place within a sustainable medium term fiscal framework (i.e. revenues, expenditure, the fiscal deficit). |
The PIFRA system, which is increasingly providing the timely and reliable accounting information without which a budgetary management system cannot be built. PIFRA will be installed in federal line ministries in the coming 1-2 years, greatly increasing the ability of ministries to manage budget execution. |
The introduction of Chief Finance and Accounts Officers in line ministries to support the Principal Accounting Officer in all matters relating to public financial management and a progressive change in the role of the Financial Advisers. |
In order to support the project's change management strategy, an international Organizational Development and Change Management Adviser (ORCMA) will develop work programs related to both the development of capacities and organizational reform processes within the line ministries and to reforms and capacity building in the central agencies. This is to ensure that the MTBF process is understood and agreed by the major stakeholders within government. |
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