Uganda: Technical Assistance Report-Implementing the Public Financial Management Bill

International Monetary Fund

No 2017/266, IMF Staff Country Reports from International Monetary Fund

Abstract: This Technical Assistance Report discusses recommendations for implementing the Public Financial Management (PFM) Bill in Uganda. The finalization of the PFM Bill has reached an advanced stage with Parliamentary approval expected in the coming months. The IMF mission strongly recommends that the petroleum revenue management provisions in the Bill are revisited. In particular this should include clearly defining the nature of the funds and its objectives. The reporting arrangements should also be clarified and the specialist audit arrangements specified. Finally, the Bill should be enhanced to ensure that investment risks are limited and to protect against its use as a development fund.

Keywords: ISCR; CR; government; PFM Bill; revenue; rule; fund; TSA principle; Petroleum revenue; TSA head account; Public Financial management Bill; TSA structure; revenue collection; aggregate TSA balance; TSA arrangement; petroleum revenue; TSA design; draft Bill; project fund; Treasury Single Account; Budget planning and preparation; Fiscal accounting and reporting; Oil (search for similar items in EconPapers)
Pages: 72
Date: 2017-09-15
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