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Why PFM reform is integral to smart government

 

September 8, 2016

Is Public Financial Management the core for smart government? That’s the argument that I’ve been making this past week.

PFM reform is integral to smart government. Many governments cannot take advantage of smart technologies without reform.

Smart PFM Reform

PFM reform enables smart government processes through:

  • Multiple year planning to consider long-term outcomes
  • Accural accounting to calculate the real value: expenditures, economic value-add, climate finance and revenue improvement
  • Program budgeting to classify Smart Government initiatives across Ministries, Departments, Agencies and tiers of government for effective tracking
  • Results-based budgeting to compare objectives with results
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Doug Hadden

Doug Hadden

Executive Vice President, Innovation at FreeBalance
Doug is responsible for identifying new global markets, new technologies and trends, and new and enhanced internal processes. Doug leads a cross-functional international team that is responsible for developing product prototypes and innovative go-to-market strategies.

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