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Government Financial Management Reforms: Slouching Towards the Sublime

PFM, Vol. 1 No. 3, (2001)

Efforts to reform government financial management have been a
hallmark of the 1990s. Most efforts are piecemeal, the chief exception
being New Zealand. From a review of some examples of financial
management reforms efforts, especially New Zealand’s, we can extract a
number of valuable lessons learned for future reform efforts. (1)

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