Search Results for “performance budgeting” - Page 4 - FreeBalance

Search Results for performance budgeting

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.

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?

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.

Differences Between Civil Service Management and Human Resources in the Private Sector

This blog discusses the key differences between civil service management and human resources in the private sector, including the importance of budget planning, payment management and commitment control. It also explains why private sector HR solutions may be inappropriate for civil service management and outlines considerations for success in both the public and private sectors.

How to Stop Corruption in Government Procurement

Corruption is a complex and multifaceted issue that has far-reaching implications for government procurement. It has devastating effects on the overall functioning of government institutions and can lead to a breakdown in trust between citizens and their leaders. Find out how Government Resource Planning systems help to combat corruption in government procurement.

How Public Financial Management Mitigates Global Risks

For the last four decades, FreeBalance has helped governments around the world implement PFM reform to support their goals. While improved Public Financial Management does not offer a universal solution for all government challenges, it is critical nonetheless. The PFM toolkit offers governments the opportunity to manage global risks and build country resilience.

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