Public Financial Management

Overview

The Public Financial Management (PFM) team at PwC India has been working for over two decades with national, sub-national and local governments across the world and with the key international development agencies in providing advisory services for the design and implementation of various PFM reforms.

The PwC team has successfully delivered assignments inter alia covering budget reforms, treasury reforms (including treasury single account), cash and debt management, commitment management, public procurement, public expenditure and investment management, accounting reforms, revenue and tax administration, state owned enterprise reforms, development financing, PFM diagnostic assessments, and public asset management, amongst others.

PwC’s Public Financial Management team has also been a pioneer in the PFM modernisation domain, having supported the design, development and implementation of financial management information systems (FMIS) across numerous government tiers in India and other countries. PwC also has an in-house digital solution to support public financial management.

Our extensive geographical footprint covers India and other countries in South Asia, South East Asia, Central Asia, the Middle East, Africa and the Caribbean region.

PwC’s Public Financial Management practice has gained increased traction in light of the COVID-19 pandemic, with governments requiring support to effectively manage public finances for pandemic control, social protection and economic recovery, bound by constraints of debt limits and decreased revenues. PwC’s work in the FMIS domain has facilitated business continuity for the government through the pandemic control restrictions. The team is also advising governments on alternative and innovative options to raise revenues and create fiscal space for economic recovery through expenditure rationalisation and reprioritisation, and liquidity and cash management.