Public Financial Management
Making better use of public resources
Public Financial Management (PFM) is about increasing a government’s capacity to provide services to its citizens: to build hospitals, schools and roads for a better quality of life. Improving the way public finances are managed requires the development of better systems, more capable organisations and more transparency in how public money is spent.
We are the most experienced Nordic service provider of PFM advisory services and provide expert advice through all aspects of the budget cycle as well as external and internal controls. We have a clear understanding of the relationships between political and institutional processes and policy reform, as well as the links between policies, budget and expenditure management, and how to drive institutional and organisational change.
PFM is also a means to enhance aid effectiveness as well as external control and accountability for donor-funded projects. We assist donor agencies in assessing and managing fiduciary risks as well as setting up more effective donor coordinated mechanisms with joint frameworks for expenditure management, risk assessments, results frameworks, and monitoring and evaluation.