Public Financial Management since the Global Financial Crisis

Public financial management (PFM) has gone through a period of intense change since the Global Financial Crisis (GFC) of 2008-2009 and its aftermath. These developments include the financial response to surging global debt, climate and gender considerations, fiscal transparency, fiscal risks, public investment, and digitalization and AI. At the same time, many of the basics of fiscal policy, financial management, budgeting, accounting, and cash and debt management remain in place. This anthology of collected work, first published through the PFM blog hosted by the IMF, describes these key developments from 2008 to 2025 and organizes them by topic. The book tells a story of these changes and their impact, and will be of interest to policymakers, public finance practitioners, scholars, advisors, and financial historians.