PFM Blog

Evaluating Pakistan’s Performance Based Budget

Blogmaster — Wed, 19 Jan 2022 06:25:11 PST

Posted by Muhammad Afnan Alam [1] In Pakistan, performance budgeting has the potential to significantly improve the poor quality of public service delivery and the overall allocation of resources, in what has traditionally been viewed as a rigid and unresponsive...

UNDP Guidance Note on Budgeting for Climate Change

Blogmaster — Tue, 11 Jan 2022 12:57:55 PST

Posted by Asif Shah[1] As countries recover from the COVID-19 pandemic shock, there are growing calls to build greener budgets that help accelerate the transition to net zero-carbon economies. UNDP has recently published a Guidance Note for governments to integrate...

Government Accounting for Effective Decision Making

Blogmaster — Wed, 05 Jan 2022 13:07:54 PST

Posted by Julie Cooper[1] Governments that adopt cash-basis reporting should not limit the recording of actual transactions to when only cash is received or paid. The International Public Sector Accounting Standards (IPSAS) cash-basis mandates all cash receipts and payments to...

Legal Foundations of Public Debt Transparency: Aligning the Law with Good Practices

Blogmaster — Thu, 23 Dec 2021 10:54:16 PST

Posted by Karla Vasquez Suarez[1], Kika Alex-Okoh[2] and Genesis Leal Pardo[3] Debt transparency is fundamental to promoting sustainable borrowing and lending practices and to lowering borrowing costs by reducing uncertainty for investors and supporting market confidence. Debt transparency also enables...

Strengthening Governance for Climate-Responsive Public Investment

Blogmaster — Wed, 22 Dec 2021 08:29:33 PST

Posted by Nicoletta Feruglio, Manal Fouad, and Suphachol Suphachalasai[1] Massive infrastructure investment is needed globally to tackle climate change. Climate-responsive infrastructure will help to mitigate greenhouse gas (GHG) emissions and make economies more resilient to climate-related risks. But the economic...

Verifying the Receipts

Blogmaster — Mon, 20 Dec 2021 08:10:50 PST

Posted by Laura Gores, Xavier Rame, and Carolina Renteria[1] In October 1977, the Lima Declaration of Guidelines on Auditing Precepts adopted by the IX International Congress of the International Organization of Supreme Audit Institutions (INTOSAI) made a strong linkage between...

Digital Public Infrastructure, Platforms and Public Finance

Blogmaster — Mon, 13 Dec 2021 07:21:40 PST

Posted by Cathal Long[1] A new Co-Develop report from the Rockefeller Foundation, the Digital Public Goods Alliance, and the Norwegian Agency for Development Cooperation makes a compelling case for greater international cooperation and investment in Digital Public Infrastructure (DPI). The...

Budget Documents: from Compliance to Communication

Blogmaster — Wed, 08 Dec 2021 07:26:48 PST

Posted by Greg Rosenberg[1] This blog is based on a presentation delivered to the Public Expenditure Management Peer Assisted Learning (PEMPAL) group of countries in Central and Eastern Europe and Central Asia in October 2021. National budget documents provide an...

The Crucial Role of Fiscal Policy in Averting Environmental Catastrophe

Blogmaster — Tue, 07 Dec 2021 10:07:18 PST

Posted by Murray Petrie and Richard Allen[1] In a new book, ‘Environmental Governance and Greening Fiscal Policy’, published recently by Palgrave Macmillan, Murray Petrie addresses the increasingly urgent question: ‘How can governments be held more accountable for environmental stewardship?’ The...