Reforming Public Internal Control: Lessons (Not) Learned Raymond Hill, CGAP European Commission DG Budget. Content. European Commission's long tradition of coaching PIC development Challenges in reforming PIC Lessons not learned Conditions for successful reforms.
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Reforming Public Internal Control: Lessons (Not) Learned
Raymond Hill, CGAP
There are 3 basic stages of Public Financial Management development:
Stage 1: Enforce basic financial compliance
Characterized by traditional input controlled budget
Stage 2: Ensure fiscal stability over the medium term
Characterized by medium term budget frameworks
Stage 3: Attain policy objectives in efficient/effective way
Characterized by “performance budgeting/management”