Governance Glossary

What is Public Financial Management (PFM)?

Definition:

The legislative frameworks, systems, and controls governing how public funds are collected, prioritized, spent, and audited by national and county governments.

Context & Why It Matters in Development

Understanding concepts like Public Financial Management (PFM) is critical for designing robust policies, verifying indicators, and executing county public finance audits. Policy Oracle incorporates these metrics across all public sector and corporate engagements in Kenya.

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