“The efficient and well-planned allocation of financial resources can really make a difference”

Public finance deals with the ways government acquires and spends financial resources to run the affairs of the government. Similar to corporate finance, public finance is the blood circulating in the national economy. Efficient and well-allocated financial resources are an essential component of a functioning public sector.

FINCON Consultants briefing the Local Community Members

Improved management of public funds is a two-part problem for developing countries like Pakistan, which already suffer from financial constraints. Proper management of the public financial resources is achieved through public servants who are both well-versed and well-equipped with modern techniques in budgeting and monitoring and evaluation frameworks.

Fiscal Policy

FINCON Services Inc. and its associates are on the forefront of fiscal policy dialogue and development. We work at all levels of government to introduce fiscal management reforms that are responsive to the public’s needs and ensure equitable resource allocation.

Accounting Systems

FINCON’s staff and extensive pool of Consultants are seasoned practitioners who understand the intricacies, benefits, and effectiveness of well-designed accounting systems. An intimate understanding of the necessary components of a well-functioning public organization combined with first-hand knowledge of enhanced accounting systems enable informed decision-making.

 

Budgetary Frameworks

Well thought out, and planned budgeting is essential to effective utilization of available resources. FINCON has helped develop budgetary frameworks, evolve systems for proper monitoring of budgets and introduce the concept of Performance-Based Budgeting in the public sector. We also have hands-on experience developing rolling budgets as part of the Budgetary Frameworks so they reflect the long-term needs in addition to yearly concerns.


 
Resource Mobilization

We at FINCON understand that the most critical constraint in ensuring effective public service delivery and development activities is availability of sufficient funds. FINCON has the honor of having developed a unique Decision Support System especially for Local Governments to enhance revenue-generation. We have successfully implemented this system in a number of Local Governments within Pakistan, with astounding results: nearly doubling the revenue-generation of some local governments within 2-3 years.


 
Capacity Building

Even the most efficient, effective system can still fail unless the organization implementing it has the capacity to successfully manage and implement it. FINCON has a long-track record of Public Financial Management capacity-building programs.

 
Project Highlights in Public Finance:

  • Improving Access to Financial Services in Pakistan
  • Institutional Capacity Building of National Transmission and Dispatch Company Limited (NTDC)
  • Devolution Support Program Sindh
  • Skills Development and Capacity Building of District Governments Officials in Planning and Budget Making
  • Enhancement of the Performance Audit Capacity of the China National Audit Office
  • Privatization of Primary Education: Alternative Government Schooling System
  • Rural Financial Institutions Project
  • Pakistan Urban Sector strategy study
  • Strengthening of PE & D Department
  • Sindh Devolved Social Services Development Program
  • Financial Management system for NWFP Government.


 
Other Public Sector Services:

  • Corporate Management
  • Performance Audits
  • Organizational Strategic Planning
  • Financial Restructuring
  • Institutional Development
  • Organizational Restructuring
  • Information Technology MIS/DSS

We have successfully implemented a number of capacity building programs, including our flagship project in this field, which has trained more than 30,000 local government budget and finance officers.