Finance Adviser Salehuddin Ahmed has emphasised the need for a triangular capability to Public Financial Administration (PFM), integrating the efforts of the public, non-public, and citizen sectors to verify efficient, transparent, and to blame financial products and services.
“In our nation, the fundamental bottleneck is the institution itself,” he mentioned as of late (29 November) right by his speech as the manager guest at the Review Workshop on the 3rd PFM Reform Technique 2025–2030 organised by the Finance Division with give a enhance to from the World Bank, reads a press originate.
“We delight in appropriate programmes and plans, however we must focal point on implementation by aligning these with our institutional ability and commitment,” added the finance adviser.
Salehuddin Ahmed also burdened that the upcoming reform strategy must be straightforward, actionable, and tailored to handle Bangladesh’s extra special challenges.
The workshop aimed to finalise technical notes in accordance with insights gathered from 31 session workshops held in most modern months.
Senior officers from the Finance Division, representatives from the World Bank, and other pattern partners participated within the event.
Presided over by Md Khairuzzaman Mozumder, secretary of the Ministry of Finance, the workshop changed into once addressed by Bilquis Jahan Rimi, extra secretary (budget-1) and nationwide program director, Red meat up Public Financial Administration Program to Enable Provider Beginning (SPFMS), Finance Division, and Suraiya Zannath, lead governance specialist (financial management), the World Bank.
Md Khairuzzaman Mozumder highlighted the manager’s achievements in public financial reform. He pointed out how salary disbursement and pension management automation delight in enhanced effectivity and transparency.
“As an illustration, electronic fund transfers now be sure that salaries reach workers on the first day of each and each month, which liable to rob eight-9 days. In the same vogue, the pension management scheme has been automatic, removal delays and guaranteeing lifestyles verification. These reforms delight in expanded into non-public domains, corresponding to the Authorities-to-Particular person (G2P) payment scheme, which supports corruption-free social safety make a choice up programmes,” mentioned Mozumder.
Public Financial Administration (PFM) is pivotal to Bangladesh’s imaginative and prescient of attaining fiscal self-discipline, macroeconomic stability, and sustainable pattern. It affords a framework for strategic resource allocation across agriculture, industrialisation, and products and services to power inclusive increase, read the originate.
As Bangladesh prepares its 3rd PFM Reform Technique, it is a really significant to title gaps in earlier reforms and replicate on the efficient exercise of public funds.
This requires sequencing reforms into three forms: job reforms for effectivity, structural reforms for modernisation, and institutional reforms for stable governance. Adapting global absolute most life like practices whereas focused on Bangladesh’s extra special context is key.
At the side of a transparent action scheme internal the strategy will guarantee price-effectiveness, readability, and better implementation. Ownership and commitment to this strategy are a really significant, as they relate a shared responsibility to control public sources equitably and successfully for all citizens, in response to the press originate.
With unity and backbone, Bangladesh can fabricate a significant PFM scheme that supports a prosperous and sustainable future.
