The guide is a virtual encyclopedia of public financial management, written by senior experts, many of whom have background in the IMF and the World Bank. Provides the first comprehensive guide to the topic that has been published in more than ten years.

The book aims at a wide audience of academics / students, government officials, development agencies and practitioners. It covers bread and butter topics such as the macroeconomic framework, the legal framework for budgeting, budgeting and implementation, procurement, accounting, reporting, auditing and control, as well as specialized topics such as government payroll systems, local government financing and public finance.

Transparency, financial risk management, sovereign wealth funds, state-owned enterprise management, and the political aspects of the economy of budgeting. The book identifies several examples and case studies that describe good practices in public financial management and is of great importance for use in both developed and developing countries..