The subject of CIDS’ seventh guide to good governance is Public Financial Management (PFM). Public information about how common resources are spent is vital for a well-functioning democracy.
In the booklet the authors explain the meaning and role of PFM. They analyze key actors involved in the process. As well as do they explain the different phases of PFM.
A special attention is set on budget preparation, execution and oversight in a security and defence environment. The authors explain the uniqueness of classified budgets.