Public financial management

Public financial management covers a range of resource management practices that underpin policy-making in contemporary government, including fiscal rules to guide government spending and borrowing, multi-year expenditure frameworks that capture the longer term impacts of current policy decisions, and performance-based budgeting to inform the level and relative priority of funding allocations. This unit introduces key conceptual and practical knowledge to integrate financial and non-financial performance in the public sector, and how to apply it to generate public value.