90-851 Critical Policy Issues in Public Financial Management Practice

6 units, Carnegie Mellon University

There is probably no more important field of study in governance, economics, policy analysis, and political science than the subject of how governments manage public funds, including how they generate them, how they are allocated, how they are spent, and how their impact is measured. Thus, the criticality of the study of public financial management PFM is selfevident as the most fundamental element of public sector reform. This course focuses on fiscal policy, and how governments can use PFM in support of macroeconomic stabilization and achievement of the Sustainable Development Goals SDGs. All countries have signed up to the SDGs, successful achievement of which will depend overwhelmingly on the strength of central and noncentral governments to manage their public finances properly.

Prerequisites: 90-706 and 90-705

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