PED-205M: Beyond the Basics of Public Financial Management

Semester: Spr Mod4

Credit: 0.5

Faculty: Stephen Peterson

Schedule

Day Time Location
First Day 3/22
Meet Day T/Th 11:40 AM - 1:00 PM RG-20
Review F 11:40 AM - 1:00 PM RG-20

Description

Many governments have moved, or are attempting to move, beyond the basics of public financial management which focuses on financial control (line item cash budgets, single entry bookkeeping, cash accounting) to financial management and planning. Five techniques are at the heart of these reforms: multi-year frameworks, performance budgeting, accrual accounting, integrated financial information systems and fiscal rules. Many of these techniques have been borrowed from the private sector and the course critically assesses their impact on improving outcomes in public sector finance. The course concludes with techniques for assessing public financial management systems including the IMFs Code of Fiscal Transparency and the evolving Public Expenditure and Financial Accountability (PEFA) framework. This is an applied course based on practical experience from developed and developing countries and recent cases of financial reform.