What is public financial management and how is it used in decentralised and decentralising systems? 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 clearly defined and well applied rules and…» more
Decentralisation
What is meant by decentralisation and why is it so popular? Some form of public sector decentralisation is nearly universal practice. Is there clear justification? What is known about how well it works? How can policymakers and practitioners try to better design and implement decentralisation so as to reap potential benefits and limit potential problems?…» more
