1 Introduction -- 2 Back to the Basics of PFM -- 3 New Goals, More Actors: Rethinking the political economy of fiscal institutions -- 4 The evolving and enduring role of finance ministries -- 5 The evolution of budgeting practices -- 6. Evolution of Treasury Practices -- 7 Planning and Budgeting...

Governments struggle to allocate funds towards ever-changing priorities, especially when spending increases are limited by austerity. Times of recession might be especially poor moments for reallocations of funds, as budget holders try to protect what they have. This pattern has not been...

This study identifies important lessons of experience and entry points for future reforms that aim to integrate the PRS with the budget in Malawi. The poor link between the PRS and the budget should be considered one of Malawi's priorities for reform. Given Malawi's daunting capacity...