Transparency and Accountability Most Important PFM Reform

50% of attendees at the 24th Annual ICGFM Conference agreed that transparency and accountability improvement is the most important government reform necessary after the financial crisis.

ICGFM, the International Consortium on Governmental Financial Management, attracts members from around the world. The Public Financial Management (PFM) experts at the conference in Miami Florida come from over 35 countries.

ICGFM uses audience voting to ask questions about PFM reform. The top votes for the most important reform initiative in wake of the financial crisis was:

• Transparency and accountability 50%
• Budget planning and analysis 18%
• Cash and debt management 16%
• Audit 13%
• Procurement reform 8%