Planning & Budgeting in the Public Sector

Overview

"Planning & Budgeting in the Public Sector" is a specialized course designed to provide public sector professionals with the knowledge and skills necessary to effectively plan, develop, and manage budgets in governmental and public service organizations. In the public sector, sound financial planning and budgeting are essential for allocating resources efficiently, achieving policy objectives, and delivering public services effectively.

This Public Sector Accounting and Budgeting training seminar is designed to offer a comprehensive overview of the fundamental principles and essential functions within the evolving field of public sector finance. Non-financial public sector employees and managers frequently need to contribute to the budgeting process and interpret the information presented in departmental financial reports.

Throughout this course, participants will explore key principles, methodologies, and best practices related to planning and budgeting in the public sector. Emphasis is placed on understanding the unique challenges and considerations involved in budgeting for government agencies, municipalities, and other public entities.

Participants will learn how to develop strategic plans and fiscal policies that align with the priorities and goals of the public sector organization. The course covers techniques for conducting needs assessments, setting objectives, and formulating budgetary priorities based on community needs and government mandates.

Objective

• Understand the role of financial accounting in public sector management
• Analyse and interpret financial reports within the public sector
• Apply forecasting techniques to plan income and expenditure effectively
• Understand and actively contribute to the budgeting process
• Apply capital investment appraisal methods for informed decision-making
• Demonstrate practical skills in government budgeting processes and procedures
• Develop an integrated planning, budgeting, and reporting system
• Understand the distinctions and applications of capital and operational budgeting
• Provide timely and relevant financial information to support decision-making