Public Finance Management

Public Finance Management (PFM) refers to the planning, execution, and monitoring of public financial resources. It involves how governments manage their budgets, collect taxes, allocate spending, and ensure accountability in using public funds. Effective PFM ensures that money is spent efficiently and transparently, promoting economic stability and public trust. It plays a crucial role in delivering public services, funding infrastructure projects, and achieving developmental goals, ultimately contributing to a country's economic health and citizens’ welfare. Proper PFM helps governments respond to citizens' needs and enhances the overall effectiveness of public service delivery.