Public Financial Management Systems - Sri Lanka: Key Elements from a Financial Management Perspective | Asian Development Bank

Public Financial Management Systems - Sri Lanka: Key Elements from a Financial Management Perspective

Publication | March 2018
Public Financial Management Systems - Sri Lanka: Key Elements from a Financial Management Perspective

To improve preparation of projects intended for Sri Lanka, project teams and consultants should have a better understanding of the country’s financial management systems.

This report documents Sri Lanka’s financial management systems covering budgeting, funds flow, accounting and reporting, and auditing systems. It provides insights into Sri Lanka’s internal control systems, staffing resource capacity, and information technology structure. The intent is to give project teams and consultants a better understanding of the country’s financial management systems in order to improve project preparation. Find out how high-quality financial management assessments support projects by identifying key risks and enabling the implementation of appropriate actions and reforms to mitigate those risks.

Contents 

  • Introduction
  • Key Players
  • Budgeting
  • Onlending Arrangements
  • Foreign Exchange and Interest Rate Risks
  • Funds Flow Arrangements
  • Accounting and Reporting
  • Auditing Arrangements
  • Summary of Risks and Issues, and Proposed Mitigating Actions and Improvements
  • Appendix: Useful References and Suggested Readings