PFM Regulations OAGS

1. Which of the following expenditure items DOES NOT require commitment control under the PFM Regulation 2022?

• Payments from the National Budget

• Debt repayments

• Cash advances to public bodies

• Salaries of employees

• Payments to private sector suppliers 

1. What is the primary purpose of the SFMIS (Somalia Financial Management Information System)?

• To manage human resources

• To track government debt

• To manage public property

• To manage commitments, track spending, and generate reports 

• To collect taxes and other revenues

1. What is the primary method of payment for government expenditures under the PFM Regulation 2022?

• Cash

• Cheque

• Electronic fund transfers - EFT

• Credit card payments

• Payment Vouchers

1. According to the PFM Regulation 2022, what is the primary source of government borrowing?

• Domestic commercial banks

• Private investors

• Concessional loans from international financial institutions 

• Grants from development partners

• Revenue from natural resources

1. What is the role of the Debt Management Unit?

• To collect taxes and other revenues

• To manage the Treasury Single Account

• To develop debt management strategies and borrowing programs 

• To audit government financial statements

• To oversee the implementation of the PFM Regulation 2022

1. Which of the following is NOT included in the National Budget as per the PFM Regulation 2022?

• Estimates of grants received by public bodies

• Estimates of expenditure financed by grants

• Estimates of natural resource revenues

• Estimates of revenue from private sector businesses 

• Estimates of public investment projects