Proceedings of 23rd International Business Research Conference
18 - 20 November, 2013, Marriott Hotel, Melbourne, Australia, ISBN: 978-1-922069-36-8
Strategic Innovations towards Public Financial
Management Accountability: The Tanzania Case
Ernest Mudogo
A guide to public financial management literature on developing countries
indicates the emergence of good public financial management (PFM) as an
important policy agenda in developing countries (Simon et al., (2011).
Good public financial management systems are considered essential for
macroeconomic management and for ensuring that public resources are
used to deliver poverty reducing services, such as education and health,
and to provide an accountability framework. Since the early nineties,
significant resources from multilateral developing agencies, especially the
World Bank, the IMF, and western donor countries have been spent to
champion public financial management in developing countries. Less is
known about developing country specific experiences. The objective of this
paper is to present an overview of strategic innovations towards public
financial management accountability, drawing on Tanzania’s experience.
The focus is on planning, budgeting, procurement, reporting, and oversight
and scrutiny. Using secondary research, this paper reviews the PFM
innovations including related enabling legal frameworks. The review
provides insights for comparative study on approaches to PFM
implementation in similar developing countries.
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Faculty of Business, Hospitality and Personal Services, Northern Melbourne Institute of TAFE,
Australia, Email address: ernestmudogo@nmit.vic.edu.au