List of figures
List of tables
List of boxes
Acknowledgements
Notes on contributors
Acronyms and abbreviations
The institutional and legal framework
Introduction
The macroeconomic framework for managing public finances / Richard Hemming
Public financial management requirements for effective implementation of fiscal rules / Ana Corbacho and Teresa Ter-Minassian
The legal framework for public finances and budget systems / Ian Lienert
Designing fiscal institutions: the political economy of pfm reforms / Joachim Wehner and Paolo de Renzio
Role, responsibilities, structure and evolution of central finance agencies / Richard Allen and Philipp Krause
Role of the legislature in budget processes / Ian Lienert
Assessing and comparing the quality of public financial management systems : theory, history and evidence / Paolo de Renzio
The allocation of resources
The coverage and classification of the budget / Daniel Tommasi
Policy formulation and the budget process / Jack Diamond
Medium-term expenditure frameworks
Performance budgeting
Fiscal federalism and intergovernmental financial relations
Managing budget execution
The budget execution process
The role of procurement
Public sector payroll management
The treasury function and the treasury single account
Internal control and internal audit
Managing extra-budgetary funds
Managing government revenue
Tax design from a public financial management perspective
Revenue forecasting
Efficient revenue administration
Customs administration
User charging
Managing nonrenewable resource revenues
Managing foreign aid through country systems
The development and use of public sector balance sheets
Public investment management and public-private partnerships
Managing fiscal risk
Sovereign wealth funds
Assessing a government's non-debt liabilities
Debt and cash management
Financial management and oversight of state owned enterprises
Accounting, reporting and oversight of public finances
Strengthening fiscal transparency
Government accounting standards and policies
Government financial reporting standards and practices
Government financial management information systems
External audit
The role of independent fiscal agencies
References
Glossary
Index.