Managing Public Money

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A blog about public financial management: the fine art of managing public money to deliver vital services to the public. It involves budgeting, accounting, controlling, auditing, reporting, policy-making and decision-taking.

December 02, 2021

Rethinking Public Financial Management

December 02, 2021/ Gary Bandy

I have been working on a major report for ACCA for several months and it was published on 1st December 2021 at the Virtual Public Sector Conference.

The report answers two research questions:

How well have governments responded to the pandemic?
What are the future challenges for PFM arrangements?

It captures and discusses answers to these questions and has 21 actionable recommendations. The key recommendation is governments must invest in their PFM systems now so that they are flexible and resilient enough to deal with crises in the future.

You can get a copy of the report here.