Digital Solutions Guidelines for Public Financial Management

Technical Notes and Manuals, October 6, 2023

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Digital Solutions Guidelines for Public Financial Management

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Bibliographic details

• Authors: Lorena Rivero del Paso, Sailendra Pattanayak, Gerardo Uña, Hervé Tourpe
• Published: October 6, 2023
• Series: Technical Notes and Manuals
• DOI: https://doi.org/10.5089/9798400251566.005

Overview

• 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.
• Authors: Lorena Rivero del Paso, Sailendra Pattanayak, Gerardo Uña, Hervé Tourpe.
• Publication date: October 6, 2023.
• Disclaimer: This Technical Guidance Note should not be reported as representing the views of the IMF. The views expressed in this Note are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Structure and Pillars

• The Guidelines are structured around three Pillars:
  • Functional
  • IT Architectural
  • Governance and Management
• Each pillar comprises six principles.
• Each principle is further broken down into one to four attributes to promote more efficient and transparent PFM operations while fostering innovation and managing digital risks.

Attributes and Maturity Levels

• For each Attribute, the Guidelines define three levels of maturity:
  • foundational
  • intermediate
  • advanced
• The graduated approach is intended to help take into account country-specific contexts and capacities in digital transformation strategies.

Purpose and Intended Use

• Support the digital transformation of PFM functions through:
  • assessment of digital initiatives,
  • design of digital solutions,
  • improvement of existing digital efforts in PFM.
• Promote more efficient and transparent PFM operations while managing digital risks and fostering innovation.

Subject Areas and Keywords

• Subjects listed:
  • Budget execution and treasury management
  • Budget planning and preparation
  • Expenditure
  • PFM information systems
  • Public financial management (PFM)
  • Revenue administration
  • Technology
• Keywords include: Budget execution and treasury management, Budget planning and preparation, Digital Transformation, Digitalization, Financial Management Information Systems, Global, GovTech, IMF Library, manuals 2023/07, Open Data, PFM function, PFM information systems, Public Financial Management, solutions guidelines implementation tool, title page.

Content in this bundle

• Digital Solutions Guidelines for Public Financial Management; October 2023; TNM 2023/007
  • Digital Solutions Guidelines for Public Financial Management; October 2023; TNM 2023/007 (Markdown version)
  • Digital Solutions Guidelines for Public Financial Management; October 2023; TNM 2023/007 (PDF)