T17bP19 - Public Financial Management Policies: Issues of Governance, Accountability, and Reform

Topic : Sectorial Policy - Economics

Panel Chair : Alberto Asquer - aa144@soas.ac.uk

Panel Second Chair : Inna Krachkovskaya - inna@asquer.com

Objectives and Scientific Relevance of the panel

Public financial management policies play an important role in nowadays economies and operation of governments. They include the definition of objectives and of procedural requirements for the use of financial resources that may orient the design and implementation of public policies more generally. Public financial management policies, for example, set the modalities for raising public revenues through taxation, intergovernmental transfers, exploitation of natural resources, and so on. They also, for instance, define the ways in which public sector entities are to held accountable to the public for the use of monetary and financial resources. Yet, despite the centrality of the ‘treasure’ tool in the design and implementation of public policies, the study of public financial management policies has been relatively circumscribed within a specialised circle of accounting and finance-oriented scholars.

The aim of this panel is to draw broader attention to the public policies that are specifically intended to orient the management of financial resources in the public sector. Contributions to this panel may focus on the making, implementation and evaluation of public policies that are specifically focused on the management of public monies. Alternatively, they may focus on how public financial management policies relate to the design and execution of public policies in any particular policy domain. Other works may place a specific attention to issues of public financial management policies in developing countries. Other works may also be attentive to issues of public financial management policies at the international and transnational level. 

Call for papers

About a decade after the ‘Great Financial Crisis’, many countries in the world still struggle to get their fiscal house in order. Massive public intervention to salvage the financial system resulted in increased amounts of public debt up to levels that most countries have never experienced before. Measures to contain deficits or to generate surplus entailed the cutting of some public expenditures and a renewed attention to enlarging the tax base, preventing profit shifting, and combating tax evasion. Weak demand and uncertainties about the future still hold the economy far from restoring pre-crisis levels of growth and employment. Within such context, citizens call for even more stringent controls on the management of public financial monies.

On the basis of these considerations, this panel invites submissions that aim to analyse, empirically investigate, evaluate, and critically assess policies for public financial management. For example, we welcome papers that:


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