Monday, March 31, 2014

Efficient Parliament for Improved PFM

The success and failure of representative democracy like ours largely depend upon how effectively the people's representatives carry out their responsibilities. Several other institutions including civil society and media also have important roles in the democracy as they can contribute to establish a connection between people with policymakers and executives, to fill the gap between deliverables of democracy and expectations of people and eventually to establish a faith of people to democratic system and procedures. However, legislature or parliament is the most important institution that can make the democracy work for greater good of people. The role of parliament is even greater when it comes to public finance management (PFM).