Back to TopBack to Top

Why governments need a financial management system


Corruption can rear its ugly head in many forms, and in some cases it can even hide in plain sight.

Earlier this week, it was announced Tanzania removed more than 10,000 “ghost workers” from its public sector payroll.

Payments to these non-existent employees had been costing the government more than $2 million a month, according to a statement from the prime minister’s office.

Tanzania spends more than $260 million a month paying the salaries of its estimated 550,000 public workers, according to Reuters.

As authorities continue to audit the public payroll, more “ghost workers” are expected to be found and unfortunately, Tanzania won’t be the last. Many countries across the continent have been hit by this scam in recent years.

After reading stories like these, it’s apparent a secure and transparent public financial management (PFM) system is paramount for all nations.

Built exclusively for governments, the FreeBalance Accountability Suite offers six base configurations (ie. Government performance management, public financials management, and civil service management) to meet all government resources planning (GRP) needs.

FreeBalance manages more than $300 billion in budget dollars, across 23 countries. In addition, the FreeBalance solution is more than just budgeting, it empowers governments with the foundation to bring economic growth, accountability and transparency to their citizens.

The following two tabs change content below.
Michael Sutherland-Shaw

Michael Sutherland-Shaw

Marketing Communications Specialist at FreeBalance
Michael works in the marketing and communications department following a career in journalism. Michael is currently learning Ruby on Rails and loves discovering new music.

Leave a Reply