- 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.
- Adequate controls over revenues help to minimize leakages.
- Comprehensive budgets help ensure that off-budget accounts (which often operate outside of established rules and regulations, have limited transparency or scrutiny and are susceptible to misuse) are minimized.
- Credible budgets and good cash management enable predictability of funds to spending agencies and facilitate service delivery.
jun 4 2010 ∞
jun 4 2010 +
jun 4 2010 +