April 24, 2012Doug Hadden
This weekly news update provides the Government Resource Planning (GRP) community with a brief overview of recent FreeBalance developments and relevant industry news.
Roadmap to the 21st Century: Aligning PFM Reform and Social Media
Join FreeBalance at the annual ICGFM event in Miami to learn about “The [Social] Future of Public Financial Management”. The FreeBalance presentation will explain the effects of social media, transparency, mobile, gamification and the “Consumerization of IT” in government. The presentation is part of the International Consortium on Governmental Financial Management (ICGFM) Conference on April 29-May4, 2012, 2012 in Miami, Florida. The FreeBalance presentation takes place on April 30th at 11:00 a.m.
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Meet FreeBalance in New Brunswick at the FMI Public Sector Management Workshop
FreeBalance continues to attend and participate in conferences and events around the world including the upcoming Financial Management Institute of Canada (FMI) Public Sector Management Workshop on May 27-29, 2012 in Fredericton, New Brunswick. The theme for this year’s Public Sector Management Workshop is “Sustainability in the Public Sector – Securing the Future.”
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What does it mean to be a PFM Specialist?
We operate in cynical times. Social media quickly uncovers the truth in marketing spin. It’s got to the point where there is so much marketing hyperbole in the software industry that everyone dials the spin down a few notches. There seems to be an escalating marketing spin arms race. And, the tech media seems to follow company exploits like gossip columnists. I’m not sure what Larry Ellison, Charles Philips, Mark Hurd, Leo Apoteker, Carly Fiorino or Meg Whitman think about all of this. Perhaps they have been hoisted on their own spin petard.
Read More on the FreeBalance blog [Part 1] [Part 2]>>
Performance Management in Government Procurement
Large companies seek to improve spend management: the process of reducing costs through economies of scale. Aggregate multiple purchase requests for similar products to single tenders = lower prices. Performance management in the public sector has additional important characteristics. Why? Public sector procurement is more complex than the private sector. And, budget driven.
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Is Fiscal Transparency at Risk?
Tim Irwin is headquarter-based consultant in the Public Financial Management 1 Division of the Fiscal Affairs Department, headed by Marco Cangiano. He’s recently published a Staff Discussion Note on accounting devices and fiscal illusions and has several papers on fiscal transparency under development, including one on the history of the subject. Tim has worked on issues such as fiscal reporting, fiscal risks, and the governance of state-owned enterprises and public-private partnerships, in Iceland, Jordan, Mexico, and Portugal. Before joining the Fund, he worked at the World Bank, the New Zealand Treasury, and an economic consultancy.
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Global Financial Stability: What’s Still to be Done?
The quest for lasting financial stability is still fraught with risks. The latest Global Financial Stability Report has two key messages: policy actions have brought gains to global financial stability since our September report; but current policy efforts are not enough to achieve lasting stability, both in Europe and some other advanced economies, in particular the United States and Japan.
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