Public finance managers work under growing pressure. Citizens expect visible results, development partners expect transparency, and treasuries expect agencies to live within ceilings while absorbing shocks from commodity prices, exchange rates, disasters and contingent obligations. Traditional budgets built on last year's figures plus an increment rarely show what spending achieves, and they conceal risks that surface later as arrears or emergency supplementary requests.

The Management of Budgeting, Fiscal Risk & Outcome-Based Budgeting Training Course gives participants a complete view of modern budget management. It covers the legal and institutional setting, fiscal rules, revenue and expenditure forecasting, strategic planning links, costing and prioritisation, and the preparation of a medium-term framework. Participants then study execution: commitment control, procurement alignment, cash planning, virements and reallocations, and reporting. Fiscal risk is treated as a core discipline, with methods for classifying risks, assessing probability and impact, building sensitivity scenarios and disclosing results. The final block introduces programme and outcome-based budgeting, performance indicators, evaluation evidence and spending reviews.

Learning combines concise lectures with spreadsheet workshops on realistic budget extracts. Participants leave having drafted a programme budget structure, a fiscal risk register and an improvement plan for their own institution.

By the end of the course, participants will be able to:

• Describe the stages of the budget cycle and the roles of each institution within it.
• Prepare revenue and expenditure forecasts and set realistic ceilings in a medium-term framework.
• Cost programmes and prioritise competing claims using clear criteria.
• Apply expenditure controls, cash planning and in-year monitoring to prevent arrears.
• Identify, classify and quantify fiscal risks, including contingent liabilities and PPP commitments.
• Build sensitivity scenarios and prepare a fiscal risk statement.
• Restructure a budget into programmes with outputs, outcomes and performance indicators.
• Use performance information and spending reviews to inform allocation decisions.

The course is designed for people who prepare, approve or oversee public budgets, including:

• Budget officers and budget analysts in ministries and agencies
• Directors of finance and planning
• Treasury and accounting officers
• County, state and municipal finance managers
• Parliamentary and assembly budget committee staff
• Internal and external auditors of public bodies
• Policy analysts and economists in finance ministries
• Officers of state corporations and public entities
• Development partner staff supporting public financial management reform

Participants leave with:

• A medium-term budget calendar and ceiling-setting worksheet.
• A fiscal risk register with likelihood, impact and mitigation columns.
• A sensitivity model showing how shocks affect the budget balance.
• A draft programme structure with performance indicators for their own entity.
• An in-year monitoring dashboard layout for arrears and execution rates.
• A reform action plan for budgeting practice in their institution.

The programme blends public finance theory with applied work, using:

• Short lectures illustrated with published budget documents
• Spreadsheet workshops on costing, forecasting and risk models
• Case exercises on arrears, guarantees and mid-year shortfalls
• Small-group redesign of a ministry budget into programmes
• Peer exchange on reform experiences across participating institutions

Attendance at all sessions and completion of the budget exercises earns a CPD-accredited Certificate of Completion issued by Vision Reach Global Consultancy.