The international handbook of public financial management List of figures List of tables List of boxes Acknowledgements Notes on contributors Acronyms and abbreviations The institutional and legal framework Introduction The macroeconomic framework for managing public finances Richard Hemming Public financial management requirements for effective implementation of fiscal rules Ana Corbacho and Teresa Ter Minassian The legal framework for public finances and budget systems Ian Lienert Designing fiscal institutions: the political economy of PFM reforms Joachim Wehner and Paolo de Renzio Role responsibilities structure and evolution of central finance agencies Richard Allen and Philipp Krause Role of the legislature in budget processes Ian Lienert Assessing and comparing the quality of public financial management systems : theory history and evidence Paolo de Renzio The allocation of resources The coverage and classification of the budget Daniel Tommasi Policy formulation and the budget process Jack Diamond Medium term expenditure frameworks Performance budgeting Fiscal federalism and intergovernmental financial relations Managing budget execution The budget execution process The role of procurement Public sector payroll management The treasury function and the treasury single account Internal control and internal audit Managing extra budgetary funds Managing government revenue Tax design from a public financial management perspective Revenue forecasting Efficient revenue administration Customs administration User charging Managing nonrenewable resource revenues Managing foreign aid through country systems The development and use of public sector balance sheets Public investment management and public private partnerships Managing fiscal risk Sovereign wealth funds Assessing a governments non debt liabilities Debt and cash management Financial management and oversight of state owned enterprises Accounting reporting and oversight of public finances Strengthening fiscal transparency Government accounting standards and policies Government financial reporting standards and practices Government financial management information systems External audit The role of independent fiscal agencies References Glossary Index