Public Financial Management
Making better use of public resources
Public financial management (PFM) is about increasing a government’s capacity to provide basic services to its citizens – to build the hospitals, schools and roads that give a better quality of life. Improving the way public finances are managed means developing better systems, more capable organisations and more transparency in how public money is spent. PFM is also a means to enhance aid effectiveness, strengthening external control and accountability for donor-funded projects.
We have a clear understanding of the relationships between political and institutional processes and policy reform, as well as the links between policies, budget and expenditure management, and how to drive institutional and organisational change.
What we do
- We provide expert advice through all aspects of the budget and programme cycle.
- We offer budget and value-for-money analysis, advising on establishing external and internal budget controls.
- We provide training to civil servants on effective public financial management.
- We support external audit organisations to strengthen their ability for effective oversight.
- We offer advice on the sequencing and implementation of PFM reforms, including the rollout of Financial Management Information Systems (FMIS).
- We provide support to strengthen statistical systems.
- We help donor agencies to assess and manage fiduciary risks.
- We provide advice on anti-corruption and transparency measures.
- We support parliaments to strengthen their public finance oversight functions.
- We work with partners to set up more effective coordination mechanisms for donors, developing joint frameworks for expenditure management, risk assessments, results frameworks, and monitoring and evaluation.