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PFM Background 

 

Background of The Public Financial Management Reform Program was subsequently promulgated by Samdech Techo Prime Minister, Phase 1 on December 5, 2004 and Phase II on December 3, 2008. For the first phase, the main goal is "Increasing the Budget Credibility", giving priority to strengthening the collection and management of revenues, strengthening financial management and improving the implementation of the budget. In line with this goal, in the first phase, we have put forward and promoted a number of measures that will lead us to solve the debt and debt problems. Lack of cash. After four years of implementation and seeing budget reliability on the ground, we have introduced "the second phase of the Public Financial Management Reform Program." For Phase 2 the main goal is "to improve financial accountability," with emphasis on the design improvements and consolidation of records and accounting and financial reporting to more accurately provide accurate and timely manner in accordance with international standard, meanwhile, need to strengthen the credibility of the budget to grow further, particularly on strengthening the asset Projected income and expenses to be more accurate. <span">We have spent over six years preparing the components for building the "Fundamentals of the New Budget System," which is "the core of the overall public financial management system."

 

Preparation Phase 3 "Budget-Policy Linkages" shows that our reforms are an important step is to start to change in part by one of the current budget through the budget for implementing the contents new accounting standard layout and a new accounting unit budget and the new budget enforcement procedures, along with an information system Math for Public Financial Management Phase 1 and start expanding and strengthening financial systems to complete the steps of the ministries and institutions at all levels, both national and sub-national level, starting from 2015 until 2018, in accordance with the "concept of the strategic directions of the 2013-2020 budget reforms" for the purpose of stepping Layered This is to change the entire budget system from the "Input and Outreach Budget System into the Income-Based Budgeting and Decentralization System" by 2020. Making this change is the core task of the third phase of our Public Financial Management Reform Program, which identifies key budget linkages. Then, as planned, from 2020, we will continue to strengthen and expand the program system gradually towards the "acceleration of accountability" of the entire public financial management system in 2025, which is the main objective of the final stage, phase IV of the Public Financial Management Reform Program.