Support to Public Financial Management
Overview
The shrinking oil revenues as a result of petroleum price volatility, fiscal stresses and extreme economic austerity have posed serious budgetary constraints on the economy. Resultantly, non-oil revenue diversification is emerging as a priority area for the nation's development.
The ability of government to sustainably expand the domestic resource base and efficiently allocate these resources in a transparent and equitable manner for service delivery will constitute the foundation for building public trust and confidence in government. This will contribute to sustainable peace and social cohesion.