Public Financial Management (PFM) reforms have been widely implemented across developing countries to enhance fiscal discipline, accountability, efficiency, and service delivery in the use of public resources. Despite these reforms, many countries continue to experience persistent challenges related to weak transparency, limited stakeholder engagement, and inefficiencies in financial management systems. This study examined stakeholder transparency as a driver of Public Financial Management reform effectiveness in Uganda, with specific reference to the Ministry of Finance, Planning and Economic Development (MoFPED). The study was guided by three objectives: to assess the level of stakeholder transparency in PFM reforms, to examine the relationship between stakeholder transparency and PFM reform effectiveness, and to determine the extent to which stakeholder transparency predicts reform outcomes. A cross-sectional research design was adopted, using a mixed-method approach. Quantitative data were collected from 319 respondents using structured questionnaires, while qualitative insights were obtained from key informants. Data were analyzed using descriptive statistics and linear regression analysis. Findings revealed a high level of stakeholder transparency, with respondents strongly agreeing that timely disclosure of financial information, accessibility of budget reports, openness in decision-making, and stakeholder involvement in monitoring significantly enhance accountability, trust, efficiency, and service delivery. Inferential results showed a strong and positive relationship between stakeholder transparency and PFM reform effectiveness (R = 0.824). The model explained 54.1% of the variation in reform effectiveness (R² = 0.541), and the relationship was statistically significant (F = 123.36, p < 0.001). Regression results further confirmed that stakeholder transparency significantly predicts PFM reform effectiveness (B = 0.616, p < 0.001). The study concludes that stakeholder transparency is a critical and statistically significant driver of PFM reform effectiveness in Uganda. It recommends strengthening institutional frameworks for financial disclosure, enhancing stakeholder participation in decision-making, and improving digital transparency systems to support real-time access to public financial information.
Stakeholder transparency, Public Financial Management, reform effectiveness, accountability, Uganda, MoFPED.
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