Evaluating Pakistan’s Performance Based Budget

Posted by Muhammad Afnan Alam [1]

In Pakistan, performance budgeting has the potential to significantly improve the poor quality of public service delivery and the overall allocation of resources, in what has traditionally been viewed as a rigid and unresponsive budget system. To contribute to better budgeting, Pakistan's Ministry of Finance announced in June 2021 a Medium-Term Performance-Based Budget for the next three fiscal years.

UNDP Guidance Note on Budgeting for Climate Change

 

Posted by Asif Shah[1]

As countries recover from the COVID-19 pandemic shock, there are growing calls to build greener budgets that help accelerate the transition to net zero-carbon economies.

Government Accounting for Effective Decision Making

Posted by Julie Cooper[1]

 

Governments that adopt cash-basis reporting should not limit the recording of actual transactions to when only cash is received or paid. The International Public Sector Accounting Standards (IPSAS) cash-basis mandates all cash receipts and payments to be reported in General Purpose Financial Reports (GPFRs). It also encourages disclosures on payables, borrowings, receivables, and property plant and equipment as useful information for users of these reports. However, information on receipts and payment is insufficient for effective control and decision-making over the allocation and use of scarce resources.

Top 10 PFM Blog Posts of 2021

Posted by Richard Allen, Teresa Curristine, Holger van Eden, and Laura Torrent^[1]

The persistence of COVID-19 and its variants in 2021 has posed many challenges to PFM, many of which have been covered in the PFM blog.