Harnessing Emerging Digital Technologies toward a New Frontier of Public Financial Management

This note offers insights into harnessing emerging technologies to enhance efficiency, decision making, and accountability in public financial management (PFM). Acknowledging the speculative enthusiasm around certain technologies and the diversity of country contexts, traditions, and PFM frameworks, it advocates for a structured, objective-driven approach for adopting emerging technologies, which involves assessing the potential gains and feasibility. The note also outlines key practices for sustainable adoption and for navigating the complexities of digital transformation in PFM. It is accompanied by Technology Cards, which illustrate key technologies and their relevance for PFM, providing a practical resource for policymakers and practitioners.