Digital Solutions Guidelines for Public Financial Management

Lorena Rivero del Paso, Sailendra Pattanayak, Gerardo Uña and Hervé Tourpe

No 2023/007, IMF Technical Notes and Manuals from International Monetary Fund

Abstract: The Digital Solutions Guidelines for Public Financial Management (Guidelines) are intended to serve as a comprehensive reference material for the assessment, design, and improvement of digital initiatives in the public financial management (PFM) area. To support the digital transformation of PFM functions, the Guidelines are structured around three Pillars – Functional, IT Architectural, and Governance and Management. Each pillar comprises six principles, which are further broken down into one to four attributes to promote more efficient and transparent PFM operations while fostering innovation and managing digital risks. These Guidelines also allow a graduated approach to digital transformation of PFM through three levels of maturity for each Attribute – foundational, intermediate, and advanced – to help take into account country-specific contexts and capacities in digital transformation strategies.

Keywords: Digitalization; Digital Transformation; Public Financial Management; GovTech; Financial Management Information Systems; Open Data; IMF Library; PFM function; solutions guidelines implementation tool; manuals 2023/07; title page; PFM information systems; Budget execution and treasury management; Budget planning and preparation; Global (search for similar items in EconPapers)
Pages: 69
Date: 2023-10-06
New Economics Papers: this item is included in nep-fle
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