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Public finance

Master of Public Financial Management Degree Programme Inaugurated in Sri Lanka

Strategic Insights

— 1 min read

The Master of Public Financial Management (MPFM) Degree Programme 2025/26 was officially inaugurated on 16th May 2025 in Colombo, marking a significant milestone in enhancing Public Financial Management education in Sri Lanka. The joint program, conducted by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and the Association of Public Finance Accountants of Sri Lanka (APFASL), welcomed 45 participants from key public sector institutions across the country. The MPFM Degree Programme is designed to build financial leadership capacity within the public sector, fostering fiscal discipline, transparency, and results-driven financial management in government institutions.

Key Takeaways:

  • The MPFM Degree Programme is a pioneering initiative in Sri Lanka, offering a Master's degree in Public Financial Management for the first time.
  • The program is specifically designed for public sector finance professionals, with 50 intakes per year, and participants must have a minimum of 3 years' experience in Sri Lankan accounting and audit services.
  • The program is approved by the Ministry of Higher Education and ranked at Sri Lanka Qualifications Framework (SLQF) Level 9, ensuring its credibility and relevance to the public sector needs.
  • The degree covers essential areas for effective public financial management, including fiscal policy, budgeting, and financial planning, as well as digital transformation, procurement, and internal controls.
  • Participants will benefit from expert resource persons, case-based learning, and practical insights relevant to Sri Lanka's evolving public financial management landscape.
  • A special concession has been extended to the inaugural MPFM intake to encourage wider participation from eligible public sector professionals.
  • The program is a testament to the commitment of APFASL and CA Sri Lanka to national development through knowledge and leadership.

Statistics:

  • 45 participants from key public sector institutions were welcomed to the 2025-26 batch of the MPFM Degree Programme.
  • 50 intakes per year are planned for the program, catering to the growing need for public financial management expertise in Sri Lanka.
  • The program has received approval from the Ministry of Higher Education, ensuring its accreditation and relevance to public sector needs.
  • The MPFM Degree Programme is ranked at Sri Lanka Qualifications Framework (SLQF) Level 9, reflecting its high standard and credibility.

Sources:

  • "The Master of Public Financial Management Degree Programme 2025/26" joint inaugurated by CA Sri Lanka and APFASL on 16th May 2025.
  • Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka).
  • Association of Public Finance Accountants of Sri Lanka (APFASL).
  • Ministry of Higher Education, Sri Lanka.

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