The conference room of the National Social Security Fund (CNSS), hosted on Wednesday July 19, 2023, the workshop of restitution of the conclusions of the evaluation report of Public Finances according to the Public Expenditure and Financial Accountability (PEFA) methodology drawn up by LINPICO’s team of experts. Officially opened by the director of cabinet, Wamata Yambouka, representing the minister Hervé Ndoba who was unable to attend, this restitution workshop saw the participation of representatives of the institutions of the republic, Technical and Financial Partners (PTF) and those of the sectoral departments.
Public finance assessment according to the Public Expenditure and Financial Accountability (PEFA) methodology is used to assess the performance of public financial management systems and to identify areas that require improvement.
“The government attaches enormous importance to the legal framework and the institutions responsible for implementing national development policies. For our public finances to fully play the role assigned to them, they must make it possible to better collect domestic revenue, optimize expenditure by directing it towards the priorities of our populations and enable the State to honor all its commitments, including the payment of his debts. To achieve these goals, good governance, transparency and the fight against bad practices must take precedence. said Mr. Wamata.
For Mr. Serge Panaget, Chargé d’Affaires ad interim (ai), representing the Ambassador of the European Union, unable to attend, “This meeting is an important moment for public finance management reforms in the Central African Republic. This is all the more important since effective public financial management (PFM) institutions and systems are essential for implementing national development and poverty reduction policies. Only good PFM can make the link between available resources, service delivery and the achievement of policy objectives. Good PFM ensures that revenues are efficiently collected and used appropriately and sustainably. »
It should be recalled that the first assessment, which took place in 2010, revealed major weaknesses in the management of public finances in the CAR, in particular the credibility of the budget cycle, predictability and control of budget execution, accounting, recording information and financial reports, as well as external control and audit.