Daily Monitor

August 8th, 2011

By Benon Herbert Oluka

The government has begun implementing a computerised financial management system that will enable the Ministry of Local Government to track all transactions carried out up to the lowest levels of government.

The Permanent Secretary in the Ministry of Local Government, Mr John Kashaka Muhanguzi, said the project named the Tier 2 Integrated Financial Management System (IFMS) will initially be rolled out to 26 local governments. The project, which is being funded by the government with support from the World Bank, is expected to cost $4.3 million (about Shs11.6 billion)…The centralised system, according to the consortium of three companies that won the bid to implement it, is capable of delivering critical public sector functioning, covering budgeting, financial planning and reporting, procurement and asset management, among othersRead more.