The PEFA Steering Committee decided on June 2019 to revise the guidance for subnational government (SNG) PEFA assessments to better reflect SNG typologies and intergovernmental fiscal relations systems in each country. The revised guidance proposes […]
A few years ago, I was asked to co-author a chapter on fiscal federalism and public financial management (PFM) together with my friend and colleague, Professor Roy Kelly. Even though the topic addressed by the […]
Public financial management (PFM)—-the science and art of budgeting, spending, and accounting for public funds—-is among the most fundamental elements of public sector reform. PFM not only helps to ensure that there are clear rules […]
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