Search Results for performance budgeting

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.

Enhancing Financial Governance: The Role of Public Expenditure Management

Effective management of public expenditure is considered an essential part of good governance. But what exactly is public expenditure management, and what role does it play in sound public sector fiscal practice?

(CSM) Civil Service Management Modules

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FreeBalance President and CEO, Manuel Schiappa Pietra, shakes hands with President of Costa Rica, Rodrigo Chaves Robles

FreeBalance Plays Key Role in Costa Rica’s Digital Transformation

At the end of November 2023, FreeBalance’s President and CEO, Manuel Schiappa Pietra, joined the President of Costa Rica, Rodrigo Chaves Robles, and Minister of Finance, Nogui Acosta Jaén, to announce FreeBalance’s role in a comprehensive digital transformation program within the Ministry of Finance.

Systems of Innovation and their Role in Public Financial Management Reform

Systems of innovation are information systems designed to support breakthrough governance improvements. They build upon other digital approaches, such as systems of record, engagement and intelligence, to deliver greatly enhanced processes and services through their facilitation of new, innovative ways of working.

Maximizing Efficiency and Transparency in Public Expenditure Management with Digital Tools

Government leaders around the world are faced with the ever-growing challenge of efficiently managing public finances while ensuring transparency, accountability, and effective resource allocation.

How can Public Finance Digital Transformation Enable Crisis Response?

Lessons from the IMF/World Bank Meetings FreeBalance’s Public Financial Management (PFM) experts are well-versed in supporting governments to manage unexpected fiscal situations. Over the last nearly 40 years, we have collected good practices from our government customers and the international community and built these into how we work. We have written previously about the role … Continued

Top 5 Public Finance Takeaways from ICGFM Conference

What is the state of global Public Financial Management (PFM)? What reforms should governments prioritize? These questions were answered at a highly interactive conference in Washington DC. Emphasis was put on interactive table discussions and workshops leading to more lessons learned. Participants shared public finance resilience lessons when facing poly-crises. Sessions covered the impacts of … Continued

Showcasing Good Public Financial Management

Public Financial Management (PFM) refers to the set of processes and practices that governments use to manage public funds effectively. The importance of good PFM cannot be overstated, as it ensures transparency and accountability in the use of public resources, promotes good governance and helps governments to allocate resources efficiently. In this blog, we will … Continued

Improving Capacity for Better Use of Public Funds

In the ever-changing landscape of Public Financial Management (PFM), governments around the world are constantly striving to enhance transparency, accountability, and efficiency in their fiscal operations. PFM reform is complex, and often challenging to achieve while also managing day-to-day operations. At the heart of many PFM reforms is the adoption of a new financial management … Continued

Equip the Public Sector for Sustainability Action

As a company committed to enabling PFM Reform That Matters, FreeBalance works at the intersection of public finance and sustainability. We fully support the IPSASB initiative to develop public sector sustainability reporting standards and believe that their recent event with IFAC and Accountancy Europe on Equipping the Public Sector for Sustainability Action was a timely reminder of the work still to be done on this important topic.

Customization vs Configuration in Digital PFM

Adapting Commercial-Off-the-Shelf (COTS) software such as the major Enterprise Resource Planning (ERP) systems to operate in government organizations can be disastrous. Enterprise software projects in government are fraught with failure and complex implementation methods. Many in the technology industry view these travails as the “cost of doing business.” “It is what it is”, etc. But why does it have to be this way? Why can’t COTS software adapt easily to changing requirements?

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How Fighting Corruption and Implementing Effective Public Financial Management Systems Improve Citizen Wellbeing

The latest World Happiness Report in the report indicates that FreeBalance customers improved their perceptions of corruption scores by an average 1.74% vs the global average improvement of 0.09%, indicating that the investments made in the FreeBalance Accountability Suite™, an integrated and unified Government Resource Planning (GRP) solution, have strengthened accountability and transparency mechanisms in these countries.