Background
The General Department of Customs and Excise held a national workshop on 15 June 2026 to present updates and the forward direction of the Public Financial Management (PFM) reform programme and the Treasury Information System under PFM Phase 4. The Royal Government’s Public Financial Management reform strategy covers 2018–2025 and directs a transition toward an accrual-based public finance system.
The event gathered 130 customs and excise officers from across the country and included presentations by the General Department of Treasury and technical staff from the Ministry of Economy and Finance Secretariat and the PFM leadership committee. The Law on the Public Financial System, enacted in 2023, provides the legal framework for implementing PFM reforms and related procedural guidance.
Scope of Application
The workshop and the procedural guidance discussed apply to customs and excise units within the General Department of Customs and Excise and to officials responsible for budget execution, treasury operations and financial reporting at those units. Materials presented are intended to support implementation of Phase 4 activities of the national PFM programme and the deployment of the Treasury Information System at line-agency and subnational levels where customs units operate.
Key Provisions or Decisions
Presentations covered the current status of the PFM reform programme and recent issuance of programme-level financial implementation procedures, which were presented for operational roll-out and continued refinement. The PFM strategy emphasised two primary priorities: aligning the budget with policy while deepening reforms to strengthen budget credibility and public-sector accounting, and developing a robust accrual accounting framework to enable an accrual-based public finance system.
Implications for Investors, Businesses, or Compliance
Customs units were urged to continue implementing action plans under the PFM reform programme with integrity, proactivity and a high sense of responsibility. Strengthened PFM practices and an operational Treasury Information System are intended to change how government budgets and financial accounts are prepared and reported, with downstream effects on fiscal transparency and the quality of public financial information used by market participants and oversight bodies.
Official Source
Source: General Department of Customs and Excise Facebook post, 15 June 2026 — source link.
