Public Financial Managments Workshops Open at 24th Annual ICGFM Conference

ICGFM Conference Co-Chair, David Nummy, opened the Public Financial Management workshop sessions of the 24th Annual Conference. He discussed the importance of cash management in government. The ICGFM conference participants were asked about the effects of the financial crisis on government. The survey results included:

• 88% of participants say that the financial crisis has affected public financial management reform in their countries
• 39% say that the financial crisis has had a positive effect on PFM reform
• 52% of participants say that the biggest effect of the financial crisis has been in revenue collection
• over 80% believe that the effects of the financial crisis on PFM reform is not permanent