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What is PFM and Fiscal Policy Training Module about?

This document discusses public financial management (PFM) and fiscal policy. It defines fiscal policy as the use of government spending and revenue to influence the economy. Fiscal policy aims to achieve the three functions of government identified by Musgrave: allocation, distribution, and stabilization. The document outlines tools of countercyclical fiscal policy and discusses the need for fiscal consolidation in some countries following the 2008 global financial crisis. It also defines fiscal responsibil

Author

Gifty Baidoo

Language

EN