Public Financial Management and Its Emerging Architecture

Primarily written by members of the IMF’s Fiscal Affairs department, this collection describes and assesses innovations and reforms to public financial management (PFM) over the last 20 years. The 14 chapters examine fiscal responsibility laws, numerical fiscal rules, fiscal risk management, performance information, government reporting on fiscal position, public investment, and accrual budgeting. The final section shifts the discussion to developing countries and whether PFM practices will work equally well for fledgling governments. Annotation ©2013 Book News, Inc., Portland, OR (booknews.com)