The project aims to improve financial management, planning, reporting, and budget preparation across and among all sectors within all the states of the FSM.
With this goal in mind, the secretary of finance and the directors from all four state finance and budget offices came together with their key staff for an intensive week-long work session that started on March 14
They identified best practices for the finance systems, addressed key issues and challenges, and worked together to ensure achievement of the best possible process and outcomes for this final phase.
The implementation of the new components has been scheduled to begin in Palikir and Pohnpei this May.
Implementation in Kosrae, Yap, and Chuuk will follow in late summer.
