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Public Financial Management and Country Development News Digest

 

August 30, 2017

Latest news on PFM and development compiled by the FreeBalance Strategy and Innovation Group.

SRI LANKA TO IMPLEMENT KPIs IN BUDGETING: FreeBalance customer, Sri Lanka, to use Key Performance Indicators in departmental budgets reports Mark Smulian in Public Finance International: “Sri Lankan government departments have been warned that all budget proposals for next year should include key performance indicators alongside their output targets.” Meanwhile in South Asia, a selective audit of Pakistan departments, most of whom use SAP, finds massive irregularities. Khaleeq Kiani in Dawn reports that “the Auditor General of Pakistan (AGP) has raised objections over mismanagement, irregularities and weak financial control over Rs3.12 trillion of public money by 36 federal ministries during the audit year 2016-17.” (The contrast between actions of SAP and FreeBalance government customers is likely a coincidence…)

CORRUPTION AND POOR PUBLIC INVESTMENTS: Antônio Sampaio of the International Institute for Strategic Studies described the negative impact of corruption on public investments in Brazil. He shows how corruption led to unsustainable public investments, waste and reduced reputation.

SHIFT TO VALUES IN FOREIGN POLICY: Joergen Oerstroem Moeller in Eurasia Review describes the revolution in foreign policy. “Leaders struggle to enact foreign policy as citizens unite around values and form alliances with likeminded people overseas.The world is moving into the era of value-driven societies replacing an era of economics, the industrial age and materialism – a seminal shift in culture, attitude and behavior not seen since the second half of the 18th century with the French Revolution and the arrival of manufacturing and industrialization.”

REVOLUTION IN FOREIGN POLICY?  The world is moving into the era of value-driven societies replacing an era of economics, the industrial age and materialism – a seminal shift in culture, attitude and behavior not seen since the second half of the 18th century with the French Revolution and the arrival of manufacturing and industrialization,” according to Joergen Oerstroem Moeller in Eurasia Review.

FRONTLINE LEADERS HAVE SIGNIFICANT INFLUENCE ON PUBLIC SECTOR PERFORMANCE: Agnès Audier , Christopher Daniel, Debbie Lovich, Sharon Marcil, and Ant Roediger in Boston Consulting Group Perspectives describes the problem of underinvesting in front line management. “Governments must deliver more to their citizens—and do so more efficiently and effectively than ever before. But a surprisingly large number of public sector organizations are hobbled by poor performance at one critical layer of management: frontline leadership.”

 

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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.
Doug Hadden

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