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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bribery procurement oecd
Author: OECD
Release date: May 2007

Bribery in Public Procurement

Public works contracts mean big business. From road-building to high-tech communication infrastructure, public procurement averages 15% of GDP in OECD countries--substantially more in non-OECD economies--and it is a major factor in the world trade of goods and services. Given the growing complexity of bribe schemes in today’s globalised markets, the problem is how to identify corruption in public procurement so governments can work toward effective prevention and apply sanctions if necessary. This report provides insights on all three fronts. Based on contributions from law enforcement and procurement specialists, the report describes how bribery is committed through the various stages of government purchasing; how bribery in public procurement is related to other crimes, such as fraud and money laundering; and how to prevent and sanction such crimes. The typical motivations and conduct of the various actors engaging in corruption are also highlighted, as well as ten case studies.

Author: International Monetary Fund
Release date: January 2007

Code of Good Practices on Fiscal Transparency

The Code clarifies the different roles and responsibilities when it comes to fiscal transparency between the government, the public sector and the rest of the economy. It covers the issues of open budget processes, public availability of information and assurances of integrity.


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