PI Global Investments
Finance

Finance ministry uses digital system to boost budget transparency


The Ministry of Economy and Finance has launched an extensive awareness programme to standardise the implementation of national budget investment expenditure through its Financial Management Information System (FMIS).

The initiative targets ministries, state institutions and fully delegated budget entities to reinforce transparency, accountability and efficiency across the public sector.

The session, held on Thursday, focused on tracking domestic resources and recording expenditure data for public investment projects funded by external sources directly within the FMIS digital architecture.

Hean Sahib, Secretary of State and Chairman of the FMIS Project Management Working Group, chaired the event. Leaders and representatives from various line ministries and key general departments of the finance ministry attended the briefing.

Sahib stated that the programme is a core component of the FMIS implementation plan, driving Cambodia’s broader Public Financial Management Reform Programme. This reform is one of the Royal Government’s priority policy agendas.

He explained that the ongoing reform sets out a clear vision to transform Cambodia’s public financial management architecture into a performance-oriented, decentralised system aligned with international standards and global best practices.

At this stage, the rollout of domestically financed national investment budget expenditures through FMIS has expanded to eight key ministries. These comprise the ministries of Interior; Economy and Finance; Health; Agriculture, Forestry and Fisheries; Post and Telecommunications; Water Resources and Meteorology; Labour and Vocational Training; and Industry, Science, Technology and Innovation.

Through the FMIS portal, these ministries and institutions can now officially request expenditure commitments, conduct procurement processes and authorise final payments using automated, traceable approval workflows.

Sahib added that migrating to FMIS significantly improves investment budget management. The platform enables step-by-step approval tracking, provides real-time access to expenditure and cash flow data, and reduces reliance on traditional off-system procedures and paper-based documentation.

Officials expect the full deployment of this system to provide an essential foundation for Cambodia’s transition to a fully digital budgeting ecosystem. By streamlining workflows and eliminating bureaucratic redundancies, the platform strengthens transparency, operational efficiency, and good governance in managing the Kingdom’s public investment budget.

Related Posts

  • April 23, 2026

  • May 20, 2026

  • March 5, 2026

  • May 19, 2026





Source link

Related posts

How The Alphabet (GOOGL) Investment Story Is Shifting With AI Hopes And Legal Risks

D.William

High food prices might be the most toxic form of personal-finance adversity in the past six years

D.William

Current refi mortgage rates report for May 6, 2026

D.William

Leave a Comment