Public Financial Management (PFM) reforms are central to improving fiscal discipline, transparency, accountability, and service delivery in the public sector. Despite extensive reforms in Uganda’s Ministry of Finance, Planning and Economic Development (MoFPED), concerns persist regarding the effectiveness of these reforms, particularly in relation to stakeholder participation. This study examined the effect of stakeholder participation on the effectiveness of PFM reforms in Uganda, focusing specifically on stakeholder involvement in monitoring and oversight. The study adopted a quantitative, descriptive-correlational research design. Data were collected from 133 respondents out of 144 distributed questionnaires, representing a 92.4% response rate. The study targeted MoFPED staff involved in budgeting, accounting, audit, planning, and ICT functions. Data were analyzed using descriptive statistics and linear regression analysis. Findings revealed that stakeholder participation is generally perceived to positively influence the effectiveness of PFM reforms. However, civil society participation and access to financial information were relatively weak. Inferential results showed a strong and statistically significant positive relationship between stakeholder participation and PFM reform effectiveness (R = 0.742, R² = 0.550, B = 0.684, p < 0.05). This implies that stakeholder participation explains 55% of the variation in the effectiveness of PFM reforms, and that increases in stakeholder engagement significantly improve reform outcomes. The study concludes that stakeholder participation is a critical determinant of PFM reform effectiveness in Uganda. It recommends strengthening inclusive participation mechanisms, enhancing access to financial information, institutionalizing feedback systems, and improving civil society engagement in oversight processes. The study contributes to knowledge by providing empirical evidence from a developing country context and extending stakeholder theory within public financial management systems.
Public Financial Management, stakeholder participation, PFM reforms, accountability, transparency, Uganda, MoFPED.
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