Contemporary Issues and Challenges in Public Financial Management

Richard Allen is a senior consultant and global adviser on public finance. He has advised finance ministers and governments in more than 70 countries worldwide. Richard has held senior positions at HM Treasury, the Board of the European Investment Bank, the OECD, the Asian Development Bank, the World Bank, and the IMF.Philipp Krause is a research fellow in German politics and government at the University of Potsdam, where he also teaches. He has held leadership positions at CABRI, Africa’s network of ministries of finance, at the Bill & Melinda Gates Foundation, and at ODI. He also held various appointments with the World Bank, GIZ, and the government of Mexico. Philipp holds a PhD from the London School of Economics and Political Science.

• 1 Introduction.- 2 Back to the Basics of PFM.- 3 New Goals, More Actors: Rethinking the political economy of fiscal institutions.- 4 The evolving and enduring role of finance ministries.- 5 The evolution of budgeting practices.- 6. Evolution of Treasury Practices.- 7 Planning and Budgeting – Two Sides of the Same Coin?.- 8 Effective Spending on Public Infrastructure- 9 Green Public Financial Management.- 10 Budgeting for Gender Equality.- 11 The quest for open and accountable budgets: Moving beyond transparency.- 12 ‘Events, dear boy, events’ - Fiscal Risks in an Age of Uncertainty.- 13. PFM and digitalisation.