- 4 Marks
PSAF – May 2018 – L2 – Q1c – Public sector fiscal planning and budgeting
Discuss the benefits and preconditions for the successful adoption of an Integrated Financial Management Information System (IFMIS).
Question
Governments all over the world have seen the need to have government businesses automated and integrated for efficiency and effectiveness. This has led to the adoption of Integrated Financial Management Information Systems (IFMIS) by most governments in managing public finances.
Required:
i) Identify TWO benefits a country stands to gain by adopting an Integrated Financial Management Information Systems (IFMIS) in the management of Public funds.
ii) Explain TWO preconditions required to be met for the successful automation of government business through the IFMIS.
Find Related Questions by Tags, levels, etc.
- Tags: Benefits, IFMIS, Preconditions, Public Financial Management
- Level: Level 2
- Topic: Public sector fiscal planning and budgeting
- Series: MAY 2018
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