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KAFP 3335 - Public Budgeting and Financial Management

Type d'enseignement : Lecture alone

Semester : Autumn 2017-2018

Number of hours : 24

Language of tuition : English

Pre-requisite

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Course Description

What prompted the US Government shutdown of October 2013? Why did some European countries go bankrupt in the wake of the 2008 financial crisis? Can institutions for managing public money be simply duplicated from advanced economies to developing ones? Public Budgeting and Financial Management are central to the conduct of public affairs. The processes for allocating resources to the funding of various policies, as well as controlling and evaluating the proper use of public funds, have a considerable impact on the design and implementation of each public policy. While relatively unknown to the general public, the institutional arrangements for allocating public resources between competing policy objectives are closely linked to governments' decision making processes. Beyond answering such questions as the ones aforementioned, this course will provide students with an overview of the principles and challenges in budgeting and managing public finances. It will present institutional arrangements for organizing decision making on the use of public funds, as well as tools for budgeting and monitoring public resources. It will discuss the role of budgeting in the broader context of managing public affairs (balance of powers, evaluation of public policies, transparency and accountability). Principles will be illustrated with best practices, drawn from international experience, and case studies. The course will be organized in three groups of four sessions each. After an introductory session discussing the structure of government revenue and expenditure, the first group of sessions (1 to 4) will present the technical aspects of public financial management. The second group (sessions 5 to 8) will discuss institutional arrangements from budget preparation to its auditing. The third group of sessions (9 to 12) will focus on a number of specific issues, including recent debates in public budgeting and financial management.

Teachers

  • DUPLAY, Renaud (Assistant Director, Ministry for Finance and Public Accounts)
  • LUCA, Mario (Teaching Assistant)

Pedagogical format

Lectures discussing both theoretical background and international experience, with the support of case studies.

Course validation

One case study based on actual budget documents from a selected country, to be prepared in teams (30%), and one written examination at the end of the course (70%).

Workload

There will be no specific requirement for preparing each session. However, students are invited to read about fiscal issues in the international press. Validation will include preparing a case study with fellow students, to be completed by the end of the course.

Required reading

Cangiano, Curristine and Lazare, Public Financial Management and its Emerging Architecture, IMF 2013, Introduction and Chapter I