24 November 2015
– The first Executive MDM in Public Finance batch went to Thailand last October to conduct their International Field Review (IFR) Course on Public Finance. The IFR requires its students to conduct an immersion in Thailand to closely examine organizations, policies, programs, and projects on public finance. (Learn more about the EMDM IFR Course here.
The 10-day long immersion included a 3-day country orientation seminar conducted by public finance experts in Thailand, a 1-day cultural immersion, office and project visits, and a multi-sectoral stakeholders meeting. At the end of the course, the EMDM learning teams submitted their IFR reviews.
Country Orientation Seminar
Department of Finance Undersecretary of Policy Development and Management Services Group, Gil Beltran
The first day of the Country Orientation Seminar covered an overview of Thailand, the key development challenges it face sand the role of the World Bank. The World Bank Thailand’s Mr. Constantine Chikosi, Portfolio and Operations Manager, and Ms. Leonora Gonzales, Senior Communication Officer, External Relations Team Leader of the Southeast Asia Team, presented details about the country’s economy.
This seminar was followed by a cultural immersion, during which the students were toured around Bangkok to observe how the culture of Thai people affect the public finance policies of their country.
(L) (M.R.) Pridiyathorn Devakula, Member of AIM’s Board of Governors (R) H.E. Mary Jo Bernardo-Aragon, the Philippine Ambassador to Thailand
The second day began with messages from special guests such as (M.R.) Pridiyathorn Devakula, Member of AIM’s Board of Governors, and H.E. Mary Jo Bernardo-Aragon, the Philippine Ambassador to Thailand. Their opening remarks were followed by the following public finance talks by representatives from the Ministry of Finance:
The Director of Macroeconomic Policy Bureau, Dr. Kulaya Tantitemit, and Director of Macroeconomic Analysis Division, Dr. Pisit Puapan, covered Country Financial Policies and Directions. They discussed key policies that guide the government in the management of financial resources and the financing of development towards financial sustainability.
Mr. Polchak Nimwatana, State Enterprise Analyst, covered Public-Private Partnership. His talk dealt with the enabling environment, approaches, and practices on how partnership between the government and the private sector is pursued and executed especially in the area of infrastructure projects.
Government Accounting and Financial Reporting covered the recording and reporting of the national government’s financial transactions. Ms Oraphan Nakmahachalasint, Accounting Expert, and Mr. Nuttapo Areeprasertsook, Accountant – Senior Professional Level, shared the reporting standards and the control mechanisms to ensure proper accountability in financial management.
The MOF’s Office of Government Audit Supervision and Development Comptroller General’s Department’s Ms. Kotchaporn Rakyou, Auditor, Professional Level (acting as accountant) and Ms. Papasinee Klowutthisatearn, Accountant Practitioner Level, discussed Government Auditing, which deals with both internal and external auditing practices, and the powers of the government auditing bodies.
The Government Procurement System talked revolved around the processes of procurement, and the necessary control measures to enhance transparency and accountability. Mr. Thanachoke Rungthipanon and Ms. Nitiyaporn Imjai, both Fiscal Analysts, discussed this topic.
The last talk of the day was on Government Budgeting, handled by Dr. Narongchai Thitinanpong, in charge of Budget Analysis of the Bureau of Budget. He illustrated the government’s budget cycle, putting emphasis on the allocation of financial resources for development purposes.
Dr. Sirikamon Udompol on Government Fiscal Planning and Forecasting
The final day of the country orientation seminar included two lectures and a sharing of perspective from an AIM alumnus.
Government Fiscal Planning and Forecasting covered the approaches, methologies and tools the government undertakes during the planning and forecasting of its financial resources. Dr. Sirikamon Udompol, an Economist of the Bureau of Fiscal Policy of the MOF, discussed this.
Ms. Patricia Mongkhonvanit, Director of the MOF’s Administration Development Group, Revenue Department, lectured on the Country Internal Revenue System. She focused on the types of revenue generated by the government, and the processes related to tax imposition and collection.
Finally, Mr. Subhajit Roy Chowdhury, President of the Thailand chapter of AIM Alumni, shared his perspective as an alumnus on behalf of his country chapter.
The EMDM class was divided into four teams, focusing on the following topics:
IFR Team 1- Government Revenue Sourcing and Generation, to conduct visit to Revenue and Excise Department
IFR Team 2 – National Government Treasury Management, to conduct visit to Treasury Department
IFR Team 3 – Banking Regulations, to conduct visit to Bank of Thailand
IFR Team 4 – National Government Fiscal Policy and Planning, to conduct visit to the Fiscal Policy Office.
The field visits were conducted from November 12 – 13, 2015, and these immersions involved learning sessions as well as visits to existing projects of the Government.
These visits were then followed by a Multi-Sectoral Stakeholders Meeting on November 14.
Data validation and processing and report writing concluded the EMDM IFR Course.
Photos courtesy of Mr. Gio Candelaria. Click here
to access photos from the event.
About the Executive Master in Development Management (E/MDM) in Public Finance Program
The Executive Master in Development Management in Public Finance (E/MDM in Public Finance) is modular program leading to a Master in Development Management (MDM) degree at AIM. For 20 months, students will attend one week full-time study per month at AIM. It is a customized MDM curriculum for the Department of Finance family of agencies with a concentration in Public Finance. The goal for offering this program is to professionalize and upgrade the management capabilities of government fiscal and financial managers.
For more information about the E/MDM Program, click here.
For more specific inquiries, you may email email@example.com.