Supporting Digital Transformation in the Ministry of Finance
In November 2023, the FreeBalance Platform was selected by the Government of Costa Rica to drive a comprehensive program of digital transformation in the Ministry of Finance.
FreeBalance will provide its unified government technology platform and specialist government advisory and technical implementation services to help the Government of Costa Rica create a new, citizen-centric, digital-by-design approach to transform its planning, budgeting, public expenditure, accounting, human resource management, reporting and treasury functions.
The project, which is funded by the World Bank, will help public finance leaders in Costa Rica to:
- manage financial and people resources more efficiently and effectively
- increase clarity and predictability in the country’s financial and budgetary systems
- facilitate decision making with a centralized and integrated platform
- more effectively align resources with workload to increase productivity.
It will transform government financial management in Costa Rica, prioritizing efficiency, transparency, and citizen engagement. By transforming government resource planning at the strategic and operational levels, Costa Rican citizens will gain visibility into how public funds are collected, invested, and impact their lives. The project fosters a citizen-centric culture within the government, placing citizens at the forefront of service delivery to enhance social outcomes and satisfaction.
For more information, read the press release.