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© 2015 Grant Thornton UK LLP. All rights reserved.
Jason Levergood & Alejandro Chiappe
Grant Thornton International
Innovation in public
financial management
in an increasingly complex and
uncertain global environment
IMF
December 8, 2015
© 2015 Grant Thornton UK LLP. All rights reserved.
Agenda
• About ICGFM surveys
– methodology
– history
– confidentiality
– purpose
• Key survey categories
• LATAM regional perspective
• Conclusions
• Acknowledgements
© 2015 Grant Thornton UK LLP. All rights reserved.
About ICGFM and Grant Thornton surveys
• Sponsored by ICGFM, conducted by Grant Thornton
• Survey methodology
• Anonymity
• Purpose: Support the ICGFM mission and provide
insight to PFM professionals for improving government
financial management
© 2015 Grant Thornton UK LLP. All rights reserved.
History
• 2005 Resisting Corruption in the Public Sector
• 2010 Progress in Public Financial Management Reform
• 2011 Public Financial Management Responses to an Economically
Challenging World
• 2013 Public Financial Management Reform in a Period of Global
Adjustment
• 2015 Public Financial Management Innovations in an Increasingly
Complex and Uncertain Global Environment
© 2015 Grant Thornton UK LLP. All rights reserved.
Making a splash
• Financial Times
• AGA Journal of Government Financial Management
• Federal Times
• The Accountant UK
• GovExec
• Al Rai
• The Edge
• Government websites
© 2015 Grant Thornton UK LLP. All rights reserved.
Organizational affiliation of respondents
[VALUE]
[VALUE]
[VALUE] 3%3
45
10
2
0
5
10
15
20
25
30
35
40
45
50
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Academic Institution Government Agency Others Development Bank or
Donor Organisation
% Number of responses
Number of responses =
60
© 2015 Grant Thornton UK LLP. All rights reserved.
2015 Global Financial Management Leaders Survey
key categories
1. PFM reform: building capacity to match commitment
2. Mastering PPPs: crucial to meeting infrastructure
demand
3. Transparency: the digital opportunity
4. From financial crisis to new normal
© 2015 Grant Thornton UK LLP. All rights reserved.
LATAM regional perspective
• PPP in the LATAM region and some particularities and perspectives in
Argentina
• Different maturity stages in the Provincial and Municipality Government
• Need of update of supporting IT developments in terms of hardware
and software
• Growing transparency demands and public access to the financial
information
• Social financial statements and reports
© 2015 Grant Thornton UK LLP. All rights reserved.
Acknowledgments
• ICGFM President Jack Maykoski, Executive
Committee, ICGFM Members worldwide
• MIT CFP and Doug Criscitello
• Grant Thornton partners, member firms, London
Global Industries Marketing, Mumbai Global
Research Center
© 2015 Grant Thornton UK LLP. All rights reserved.
Thank you
Jason.Levergood@gti.gt.com

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Day2 sp3 levergood-icgfm_gt survey december 8 2015

  • 1. © 2015 Grant Thornton UK LLP. All rights reserved. Jason Levergood & Alejandro Chiappe Grant Thornton International Innovation in public financial management in an increasingly complex and uncertain global environment IMF December 8, 2015
  • 2. © 2015 Grant Thornton UK LLP. All rights reserved. Agenda • About ICGFM surveys – methodology – history – confidentiality – purpose • Key survey categories • LATAM regional perspective • Conclusions • Acknowledgements
  • 3. © 2015 Grant Thornton UK LLP. All rights reserved. About ICGFM and Grant Thornton surveys • Sponsored by ICGFM, conducted by Grant Thornton • Survey methodology • Anonymity • Purpose: Support the ICGFM mission and provide insight to PFM professionals for improving government financial management
  • 4. © 2015 Grant Thornton UK LLP. All rights reserved. History • 2005 Resisting Corruption in the Public Sector • 2010 Progress in Public Financial Management Reform • 2011 Public Financial Management Responses to an Economically Challenging World • 2013 Public Financial Management Reform in a Period of Global Adjustment • 2015 Public Financial Management Innovations in an Increasingly Complex and Uncertain Global Environment
  • 5. © 2015 Grant Thornton UK LLP. All rights reserved. Making a splash • Financial Times • AGA Journal of Government Financial Management • Federal Times • The Accountant UK • GovExec • Al Rai • The Edge • Government websites
  • 6. © 2015 Grant Thornton UK LLP. All rights reserved. Organizational affiliation of respondents [VALUE] [VALUE] [VALUE] 3%3 45 10 2 0 5 10 15 20 25 30 35 40 45 50 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Academic Institution Government Agency Others Development Bank or Donor Organisation % Number of responses Number of responses = 60
  • 7. © 2015 Grant Thornton UK LLP. All rights reserved. 2015 Global Financial Management Leaders Survey key categories 1. PFM reform: building capacity to match commitment 2. Mastering PPPs: crucial to meeting infrastructure demand 3. Transparency: the digital opportunity 4. From financial crisis to new normal
  • 8. © 2015 Grant Thornton UK LLP. All rights reserved. LATAM regional perspective • PPP in the LATAM region and some particularities and perspectives in Argentina • Different maturity stages in the Provincial and Municipality Government • Need of update of supporting IT developments in terms of hardware and software • Growing transparency demands and public access to the financial information • Social financial statements and reports
  • 9. © 2015 Grant Thornton UK LLP. All rights reserved. Acknowledgments • ICGFM President Jack Maykoski, Executive Committee, ICGFM Members worldwide • MIT CFP and Doug Criscitello • Grant Thornton partners, member firms, London Global Industries Marketing, Mumbai Global Research Center
  • 10. © 2015 Grant Thornton UK LLP. All rights reserved. Thank you Jason.Levergood@gti.gt.com