The
main objectives and vision of PIFRA II will build capacity
to improve the accuracy, comprehensiveness, reliability,
and timeliness of intra-year and year-end government financial
reports, at Federal and Provincial levels, and initiate
the process at District and sub-District levels, thereby
strengthening the financial accountability cycle. It would
therefore directly support the Government of Pakistan's
commitment to improved public financial management, accountability,
and transparency, and enhance the capacity of public sector
managers to use credible financial information for better
and informed decision making. It will facilitate public
oversight of the use of public monies, and increase the
national and international credibility of Governments' financial
statements and assurance processes.
The Project Description is that PIFRA II has four core components:
i) Financial Accounting and Budgeting System (FABS); ii)
Capacity building and upgrading of the Office of the Auditor
General of Pakistan (OAGP); iii) Capacity building and upgrading
of the Office of the Controller General of Accounts (OCGA);
and, iv) Project Management. Operational and
Maintenance costs arising from PIFRA I and II investments.
such as hardware and software maintenance and computer stationery,
constitute an expenditure category in each of the components
that would be financed wholly by the GOP as part of its
counterpart contributions to the project
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