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TEXT: -Effective PFM practices increase transparency, accountability and efficiency in public funds management.

  • Citizens' trust in the government's ability to manage public resources is vital for inclusive growth, social cohesion, and fostering political stability.

  • The public sector has a critical dual role in defining and responding to climate change challenge.

  • Green budgeting provides a framework for public sector organisations to implement climate commitments and achieving environmental goals.

Recommendations:

  • ACCA can contribute to the implementation of National Adaptation Plan by offering support for the development of resilience-building strategies.

  • ACCA can also play role in promoting awareness and fostering knowledge sharing among experts and practitioners.

  • Key stakeholders should facilitate the transfer of best practices and lessons learned across borders and sectors.

Copyright Business Recorder, 2023

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