Public Finance Management (PFM) is about how the government collects, manages, and spends public money. It ensures that limited resources are used wisely to meetthe growing needs of our communities. A strong PFM system helps deliver better public services, supports economic growth, and builds trust in how government funds are managed. PFM affects everyone. It helps ensure that schools, hospitals, roads, and other public services are properly funded and managed. It also supports transparency, accountability, and good governance by making sure public money is spent where it’s needed most.
To assess how well Samoa’s PFM system is performing, PFM focuses on several key areas:
The key responsibilities of the PFM unit include:
PFM Reforms- lead the monitoring and implementation of reforms outlined in the Finance Sector Plan to improve accountability, transparency and efficiency of PFM, ensuring alignment to the FSP outcomes.
Coordinating the Joint Policy Action Matrix (JPAM) - overseeing and monitoring on the progress of key policy actions agreed upon between Government and development partners to support financial governance reforms. The JPAM is the main mechanism used by Government to receive budget support from our development partners.
PFM Assessments - coordinates any national assessments that review the Governments PFM systems and processes, such as the PEFA (Public Expenditure and Financial Accountability), SANS (Strengthened Approach to National Systems), DFA (Development Finance Assessment) and Public Expenditure Reviews (PER).These evaluate the strengths and weaknesses of Samoa’s PFM systems and guide future improvements.
