Summary:
Minister Musasizi emphasized that public finance management (PFM) is the foundation for economic growth, poverty reduction, and social transformation.
Kampala, (UG): Minister of State for General Duties Henry Musasizi delivered a keynote address on Tuesday at the ongoing Public Finance Management Conference for Africa (2025).
The two-day conference, held at Golden Tulip Hotel, Kampala, is organized under the theme: “Enhancing Public Finance in Africa: Progress and Prospects.”
In his remarks, Minister Musasizi emphasized that public finance management (PFM) is the foundation for economic growth, poverty reduction, and social transformation.
While Africa has made significant strides in strengthening its public finance systems, he noted that critical challenges remain.
He highlighted key reforms and initiatives aimed at improving PFM, including:
Strengthening legal and institutional frameworks.
Adoption of technology and digital solutions.
Revenue mobilization and tax reforms
Improved public debt management.
However, he also pointed out persistent challenges, such as:
Limited domestic revenue mobilization
Concerns over public debt sustainability
Leakages and corruption.
Weak expenditure management and budget implementation.
“Africa’s economic future hinges on sound public finance management. Promoting transparency and ensuring efficient public spending are critical to achieving sustainable development and improving the lives of our people,” Minister Musasizi stated.
The conference features several key sessions, including:
Collaborating to combat corruption and economic crimes.
Strengthening the public sector through accrual reporting.
Amplifying Africa’s influence in international standard-setting
Advancing sustainability reporting in the public sector.
The event brings together policymakers, financial experts, and key stakeholders from across the continent to discuss and strategize on the future of public finance management in Africa.
