Sound PFM systems are critical for achievement of public policy objectives, and an essential pre-requisite for reducing corruption.
Transparent public finance information and effective demand-side institutions enable legislature and civil society to hold the government to account.
Effective supreme audit institutions serve as a watchdog over public finances.
Sound internal controls and internal audit help deter fraud and waste.
Good information and accounting systems enable timely and reliable budget and financial information across government and help strengthen financial control and management of public funds.
Computerized systems enable faster transaction processing, enable tighter tracking, better analysis, and easier sharing of information.