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%