Assessing the Effectiveness of Intergrated Financial Management Information System [IFMIS]on mANAGING Public Funds in Tanzania

Abstract

The study aimed to investigate the effectiveness of integrated financial management information system (IFMIS) on managing of public funds in Tanzania, But there have been detrimental effects on the functioning of public expenditure management systems, lack of reliable and timely revenue and expenditure data for budget planning, monitoring, expenditure control, and reporting. This deficiency brought negative impact on budget management that led to inadequate control over the commitment of government resources. The objectives of the study were to examine the effectiveness ofIFMIS on the transparency in management of public funds, in accounting and financial reporting and in the auditing of public institutions. This study employed cross sectional design, used quantitative approach where primary data was collected using questionnaires tool and analyzed by using descriptive statistics where measures of central tendency (means) and dispersion (standard deviations) were presented and interpreted tables. The findings from SPSS indicated that on average, respondents agreed with statements that there were positive effects of IFMIS on efficiency, government financial controls, and the improvement of government services. However, there is more diversity in responses regarding the impact on accountability and transparency, with some participants expressing more varied opinions on these aspects. The study recommends to establish special training and support program about IFMIS, improve communication with people on accountability and transparency, taking regular checks and updated on the IFMIS, enhance data accessibility features in IFMIS and establish regular evaluation of IFMIS impacting auditing process. Therefore, the findings from this study provide valuable insights into the perceived effectiveness ofIFMIS in the realm of public fund management transparency, highlighting both areas of consensus and those whee views diverge