Government of Khyber Pakhtunkhwa has strong commitment to consolidate and continue with Public Financial Management (PFM) reforms in the province. These reforms include formulation of an overarching legal framework in the form of PFM Law with an objective to ensure to ensure fiscal discipline, improve financial sustainability, enhance efficiency for better service delivery, bring transparency and strengthen accountability in the PFM systems of the province.
The Sub National Governance (SNG) program has been providing technical support to the Finance Department Khyber Pakhtunkhwa in the formulation of the draft PFM Law, KPRA Act and Tax on Services Act.
A deliberation session on the draft PFM Law, developed by Finance Department with technical support of SNG, was held on 19th January 2021 with Mr. Taimur Khan Jhagra, Minister for Finance, in the Chair. The deliberation was also attended by Secretary Finance and other senior officials of the Finance Department KP along with SNG team.
A clause by clause review of draft KP PFM Act was done followed by detailed technical discussion in the context of the local needs of the province keeping in view the other provincial and national level legal statutes and global best practices.