ICGFM Promotes Knowledge Transfer Among Public Financial Management Experts

Working globally with governments, organizations, and individuals, the International Consortium on Governmental Financial Management is dedicated to improving financial management by providing opportunities for professional development and information exchange.

Monday, December 1, 2008

Transparency and Accountability Greatest Benefit of Public Financial Management Reform

A survey at the ICGFM Winter Conference found that "transparency and accountability" is clearly the more important benefit of PFM reform . The survey results from the group of public financial management experts was:

  1. Consensus on reforms to be undertaken: 2%
  2. A multi-year focus: 5%
  3. Articulation of Government and service priorities: 20%
  4. Improved coordination of reforms within the government: 7%
  5. Improved public accountability and transparency: 55%
  6. Improved coordination with and amongst international donor organizations: 0%
  7. Increased likelihood that reforms will continue in times of economic and political change: 5%
  8. Improved macro economic and financial forecasting: 5%

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