Public Expenditure Management

Public Expenditure Management (PEM) refers to the processes through which governments plan, execute, and monitor their spending of public funds. It ensures that resources are allocated effectively to deliver services like education, healthcare, and infrastructure. PEM involves budgeting, financial reporting, and audits to promote transparency and accountability. Good PEM helps prevent waste, corruption, and inefficiency, ensuring that taxpayer money is used wisely to meet the needs of citizens and achieve national goals. Effective PEM is crucial for economic stability and public trust in government.