Guinea launches public finance reform plan
The government has launched a strategic plan to reform public finances from 2026 to 2030, aiming for systemic transformation.
The Guinean government, through the Ministry of Economy, Finance and Budget, officially launched a two-day workshop in Conakry to validate the Strategic Plan for Public Finance Reform (PREFIP) for 2026-2030. The event brought together ministerial officials, public institution executives, and technical partners to discuss a new financial direction for the state. The stated objective is to fundamentally restructure public financial management to ensure that every franc spent has a concrete impact on citizens' daily lives.
Dr. Mamadou Barry, Executive Secretary of the Technical Unit for Monitoring Public Finance Reform Programs and Reforms, highlighted the significance of this new roadmap. He stated that the PREFIP 2026-2030 is not merely a continuation of past efforts but represents a change in scale, moving from a logic of gradual improvement to a dynamic of systemic transformation. This plan is based on the diagnosis from the PEFA++ 2024 evaluation and is structured around five axes, 17 programs, and over a hundred structuring actions.
Key international standards are integrated into the PREFIP 2026-2030, including commitment-based budgeting and the transition to program-based budgeting and accrual accounting. This initiative aims to overhaul the public financial system, moving beyond incremental changes to achieve a comprehensive, systemic overhaul that is expected to yield tangible benefits for the population.
Why it mattersCitizens are affected by the plan to ensure every franc spent has a concrete impact on their daily lives through public financial reforms.