Public Financial Management and Procurement

Discover how essential sound PFM and clean procurement systems are for a functioning state. Learn how to build integrity in these key areas.

Every public entity needs financial means to provide its services. PFM systems regulate state finances: from collecting revenue to allocating funds through the budgetary process; from utilising those funds by procuring goods and services to the auditing of public spending. PFM impacts every sector. Corruption in any of these aspects is devastating for service provision and economic growth.

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money australia

It's our money. Where is it gone?

A short documentary, produced by the International Budget Partnership in 2009, on an initiative, in Mombasa (Kenya) to involve communities directly in monitoring the Constituency Development Fund, a fund managed by Kenyan parliamentarians. Through social audits, communities monitored budgets and held their government accountable for managing the public’s money and meeting the needs of the poor.
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SantisaoPoliticalEconomyGvtAuditing
Author: Carlos Santiso
Release date: May 2009

The Political Economy of Government Auditing: Financial Governance and the Rule of Law in Latin America and Beyond

This book addresses the elusive quest for greater transparency and accountability in the management of public finances in emerging economies, and examines the contribution of autonomous audit agencies (AAAs) to the fight against corruption and waste. Whilst the role of audit agencies in curbing corruption is increasingly acknowledged, there exists little comparative work on their institutional effectiveness. The author takes a political economy perspective that addresses the context in which audit agencies are embedded, and the governance factors that make them work or fail. The cases of Argentina, Brazil and Chile are examined in detail.

oecd integrity procurement
Author: OECD
Release date: May 2007

Integrity in Public Procurement: Good Practice from A to Z

Of all government activities, public procurement is most vulnerable to corruption. In OECD countries, bribery by international firms is more pervasive in public procurement than in utilities, taxation, or judiciary. Most international efforts to fight corruption have focused exclusively on the bidding process. But this is only the tip of the iceberg. Recent corruption scandals have spotlighted grey areas throughout the whole public procurement cycle, including in needs assessment and contract management. Reform efforts have also often neglected exceptions to competitive procedures such as emergency contracting and defence procurement. This book offers practical insights into how the profession of procurement is evolving to cope with the growing demand for integrity, drawing on the experience of procurement practitioners as well as audit, competition and anti-corruption specialists. It provides, for the first time, a comparative overview of practices meant to enhance integrity throughout the whole procurement cycle, with examples from both OECD and non-OECD countries.

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