August 5, 2016Michael Sutherland-Shaw
Welcome to News Balance, our weekly blog recapping the changing face of public financial management (PFM) and more.
From government contracts, tax reforms, updated procurement policy, ERP fails, to tech takeovers, FreeBalance is your one stop shop for staying up to date on technology and PFM reform around the world.
We’ll also touch on stories that relate to topics such as big data, the Fourth Industrial Revolution, sustainability, cloud computing and information we believe will be of interest to all levels of government and its citizens.
With good transparency reporting, independent parties can help the public hold the government to account. That’s the message InternetNZ is trying to achieve with its new tool for organizations in New Zealand looking to deliver transparency reports. Easy Transparency can show what information the government has asked for and how much they provided. (…read more)
After months of secrecy we’re excited to finally announce, FreeBalance will grace the cover of APAC CIOoutlook magazine this month. As one of the top 25 Most Promising Public Sector Solution Providers in APAC, FreeBalance will also receive an in-depth feature on the company as it continues to thrive and grow in the government resource planning industry. (…read more)
The Canadian government wants to make it clear, no classified information will leave the country as it looks to the cloud. Under the government’s newly released cloud computing strategy, any information released into the cloud, bound for servers in other countries will not harm the government or individuals Canadians. (…read more)
Countries continue to see value in open government. According to a United Nations report, the number of nations offering open datasets more than doubled since 2014. The report found that 106 out of 193 member countries now make open government data catalogs, or data sets, available to the public, up from 46 countries in 2014. (…read more)
Once known as a haven for financial secrets, Switzerland is one of ten countries making progress towards greater tax transparency, according to the OECD. Switzerland has been rated as “largely compliant” with the international standard. In addition, the OECD said, this “confirms the progress [Switzerland] has made of the past years towards greater transparency and exchange of information.” (…read more)
A bill that would amend the constitution, creating a single market in India has been backed by the country’s parliament. The historic tax reform would allow the central government to include powers to set taxes on goods and services from state legislatures, streamlining what is a fragmented and cumbersome system consisting of an array of different charges into one single levy. This marks the largest tax reform since independence in 1947. (…read more)
In an attempt to help reinforce macroeconomic stability and boost sustainable growth, the IMF has approved $304.7 million USD under a 40-month Extended Credit Facility (ECF) arrangement. More than $43 million will be immediately available, with the remaining funds subject to semi-annual reviews and released in phases. (…read more)
The Australian Department of Human Services recently announced SAP as the “preferred tenderer” to update its 30-year-old welfare payments platform. No deal has been finalized, but former Australian Treasurer Joe Hockey noted the system upgrade is set to cost the Australian governments billions. (…read more)
As Sri Lanka continues to make progress in economic reforms, the World Bank approved a $100 million credit from the International Development Association (IDA) to support its economic reform program. The Sri Lankan government aims to create one million new jobs through a reform package focused on improving the country’s competitiveness, transparency and macroeconomic stability. (…read more)
It looks like South Africa has its sights set on IT growth in 2016. According to a new report from Gartner, South Africa IT spending is forecast to total R272 billion in 2016, a 3.8% increase from 2015. In addition, software spending is on pace to exhibit its highest ever year-on-year growth in 2016, at 11.4%. (…read more)
The Asian Development Bank has re-elected Takehiko Nakao as the multilateral funding agency’s president for a five-year term beginning November. “The Asian Development Bank (ADB) Board of Governors has unanimously re-elected Takehiko Nakao as President of ADB for a further 5 years beginning on 24 November 2016,” ADB said in release. (…read more)