Public financial management test

What are Public Financial Management funtions?

• to mobilise revenue

• to insure investment banks

• to undertake public spending

• to audit results

PFM encompasses a broader set of functions than financial management and is commonly conceived as a cycle of three phases, beginning with policy design and ending with external audit and evaluation.

• True

• False

PFM should ensure that aggregate levels of tax collection and public spending are consistent with...

• targets for the fiscal deficit

• unsustainable levels of public borrowing

• targets for the fiscal deficit, and generate unsustainable levels of public borrowing

PFM system should be

• unclear

• transparent

• with information publicly accessible

• tricky

Operational efficiency means

• equality between rich and poor

• that liberals will no longer go out on the streets

• achieving maximum value for money in the delivery of services

• that nothing is clear, but very interesting