PFM 2.0, yes or no?

PFM 2.0, yes or no?

Covid crisis. War context. Stagflation maybe. What a context to speak about Public Funds Management (PFM) and to consider whether or not we are changing paradigm. Changing times as well with new generation of EU funds, the 2021-2027 financial perspectives. So are we influenced by these funds or just moving forward at National level on our own ? 3 main components to consider: Performance management If there’s for sure a breakthrough coming from EU is the use of indicators. Not indicative indicators but driving indicators to consider first. No more ‘activity-input-based’ approach but more results-oriented and outputs-based financing. In short,
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Closure and Risks management

Closure and Risks management

Organising the closure in an efficient manner and preparing risks based verification methodology 3-day face-to-face Seminar 13-15 March in Roma Based on the best practices and recent Guidance, to get ready for final closure of 2014-2020 based on Reasonable Assurance and to integrate all the novelties of 2021-27 Risk-based Verification Methodology, we will focus on: indicators at programme and project levels data from Beneficiaries and reporting content treatment of irregularities (PP, State aid, eligibilty…) risks assessment and sampling methods non-functioning operations non eligible projects and expenditures phasing out of projects between 2 programmes Specific checks for Financial Instruments Audit opinions.
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[Debate] Are beneficiaries really the beneficiaries?

[Debate] Are beneficiaries really the beneficiaries?

Imagine you are in a training. And you ask yourself who is the beneficiary of this training? Logical answer should be me! I’m the beneficiary of this training! Common sense. But according to EU Regulation, the beneficiary is the one preparing and/or implementing the operation. In short, the one getting the money (the training organisation, the municipality or the ministry organising it…). This is confusing. So, time for a change? OECD did that change already. Beneficiaries are defined as, “the individuals, groups, or organisations, whether targeted or not, that benefit directly or indirectly, from the development intervention.” But this is
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New compromise text for Common Provisions Regulation

New compromise text for Common Provisions Regulation

New year, new presidency of the Council of the EU and this time, and for the first time of EU history, this is the turn of CROATIA. Everybody is looking for : best agreement on MFF (multiannual financial framework) in line with EU ambitions on the #greendeal and carbon-neutral economy ; a sound vision on Enlargement and Migration ; and also full approval of the Regulation package on Cohesion policy. 2021-2027 Common Provisions Regulation, what’s going on? Remember, it was on 29 May 2018, European Commission released it’s first proposal of Common Provisions Regulation. A good occasion to anticipate the
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