Public Financial Management Reform

Public Financial Management Reform refers to efforts by governments to improve how they plan, manage, and use public funds. This includes enhancing budgeting processes, ensuring transparency and accountability in spending, and optimizing the allocation of resources for public services. The goal is to make financial systems more efficient, reduce waste or corruption, and ensure that taxpayer money is used effectively to meet societal needs. By reforming these systems, governments aim to promote economic stability, growth, and better public service delivery for citizens.