Search Results for performance budgeting

Sierra Leone

The Government of Sierra Leone uses the FreeBalance Accountability Suite™ as the backbone of its Integrated Financial Management Information System (IFMIS) – a critical component of its PFM reform program and poverty reduction goals.

3 Major Public Finance Innovation Takeaways from the Pandemic

Public Finance Innovation is Thriving Globally, Driven by the Covid-19 Crisis! Learn more about public finance innovation at the upcoming May 4th. International Consortium on Governmental Financial Management webinar: Public Finance Innovation for Sustainable Development: How can finance ministries help governments plan, budget, procure, and manage results in a post-pandemic world There’s been no lack of … Continued

FreeBalance and the Government Health Supply Chain

Effective use of public finance systems and techniques enable governments to adapt health and economic support in the face of uncertainty, complexity and ambiguity.

Have you Wondered Why Advanced Economies Struggle with Pandemic Spending Reallocation?

Also, why are there many “spending reviews” in developed countries? Why can’t advanced economy governments leverage program and performance structures to: rapidly respond to spending needs during fiscal shocks like pandemics and economic crises?  easily adjust spending priorities based on actual performance?  quickly reorient spending priorities based on political promises made by new governments in … Continued

Government Resource Planning Success Blueprint

Large Government IT Projects = High Risk Government organizations struggle to successfully implement Government Resource Planning (GRP) systems. This includes custom-developed Financial Management Information Systems (FMIS), the customization of Enterprise Resource Planning (ERP), and other commercial enterprise software applications. Implementations of software originally developed for the private sector are particularly challenged. There seems to be … Continued

Government Salary Planning in the 21st Century

Government financial management is about 3 things: Budgets Budgets Budgets Planning for 15% to 20% of GDP Yet many public sector organizations fail to adequately budget for salaries and public service costs like training and expenses. The government “wage bill” is often the largest category of government expenses in many government organizations. Developed country public services … Continued

What is the use case for Public Investment Planning feedback loops?

Public investment planning is often inaccurate because of poor estimates. Projects are often delayed, and budgets are often exceeded. There are often unexpected operation costs after the bridge, road, street, hospital or school is built. Estimates are particularly inaccurate for smart city investments. Memorandums of Understanding are signed with large vendors before priorities are well-understood. … Continued

Evidence of FreeBalance GRP Success

An Integrated Financial Management Information System (IFMIS) or Government Resource Planning (GRP) “can enable prompt and efficient access to reliable financial data and help strengthen government financial controls, improving the provision of government services, raising the budget process to higher levels of transparency and accountability, and expediting government operations.” FreeBalance is recognized as a major provider … Continued

Scenario in Automating Good Governance: Government Resource Planning (GRP) for Public Service Reform

This series examines different scenarios and the impact of Government Resource Planning (GRP) to improve governance. [Framework described in more detail.]   Information and Communications Technology (ICT) initiatives such as Government Resource Planning (GRP), sometimes known as Financial Management Information Systems (FMIS) for government, are seen as an expression of PFM reform. Diamond and Khemani … Continued

PFM Knowledge Sharing, Part 6: Implementing the IFMIS

This is part 6 of the 9 part series on PFM knowledge sharing. FreeBalance provides a Commercial Off-the-Shelf (COTS) IFMIS suite that is used in many countries around the world. We hope that the following is sufficiently objective to be of value to you. Public Financial Management practitioners have provided many details to how Integrated Financial Management … Continued

Let’s Get Interoperability Right

The lack of integration in financial management information systems causes challenges for governments and negatively impacts citizens.

Public Finance Technical Architecture: What is it?

What is the fundamental public finance technical architecture problem? Technical architectures designed to support PFM and FMIS do not align with business architectures.

The Importance of Budget Planning in Government

Budget planning involves the strategic allocation of limited resources to diverse policy priorities. It is a complex process, but technology such as the FreeBalance Accountability Suite can help.

Understanding and Reforming Public Expenditure Management

Effective public expenditure management is important because it ensures that public funds are used efficiently, transparently, and in line with government policies and objectives.

Find out more about the case for reform, and how FreeBalance can help.