Government budgets and their supporting systems – often referred to as Public Financial Management (PFM) systems – are one of the key tools that governments use to turn policy statements and intentions into the delivery of goods and services. In fact, much of what governments do depends on raising, borrowing and spending public resources. Interest…» more
Transparency and participation in public financial management
The idea that citizens should have access to detailed information about how governments use public resources is not a new one. In fact, it has a long and distinguished history. As far back as 350 BC, Aristotle’s Politics suggested that ‘… to protect the Treasury from being defrauded, let all money be issued openly in front…» more
