FreeBalance’s budgeting solutions and services support improved governance, transparency and accelerate public financial management reform
Ottawa, Canada (December 20, 2022) FreeBalancea global provider of public finance management (PFM) solutions and consulting services, announced today that it has been selected through a competitive tender process to deliver a comprehensive budget preparation solution for the Tunisian government’s Ministry of Finance (MoF) as part of that of USAID funded project Fiscal and Accounting System of Tunisia (FAST) implemented by Development alternatives included (DAI).
FreeBalance will provide and implement the (GPPB) Government Performance Budgeting and (GPBB) Budget Book Builder functionality FreeBalance Accountability Suite™. The functional scope of the project includes support for the medium-term macroeconomic and fiscal framework, budget preparation and performance management and monitoring. Designed exclusively for governments, the FreeBalance solution is proven to improve budget reliability, budget documentation and planning efficiency. The new budgeting solution supports the expansion and update of the government’s integrated public financial management information system (PFMIS).
FreeBalance has extensive experience supporting PFM reforms in Africa and elsewhere, and its software has been cited in numerous cases Secretariat for Public Expenditure and Financial Accountability (PEFA) assessments to improve ranking and support modernization.
“FreeBalance is committed to improving public finance management worldwide and working with governments to support national development plans and priorities,” said Manuel Schiappa Pietra, President and CEO of FreeBalance. “The implementation of an internationally recognized, government-specific budgeting solution with solid support for capacity building and change management will contribute to improved governance and accountability in Tunisia.”
The FreeBalance Accountability Suite™ is a commercial, turnkey Government Resource Planning (GRP) solution that covers the entire fiscal cycle and manages all critical government tax systems. It’s the only PFM solution built exclusively with government, for government. The suite offers a flexible, modular financial management system that can be incrementally activated and scaled to reflect the changing needs of government.
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Contact for media inquiries:
Jessica Whitcutt Fagan
jessica.whitcutt@freebalance.com
About FreeBalance
FreeBalance is a purposeful organization dedicated to improving the well-being of citizens and fighting corruption around the world. With a track record of nearly 40 years and offices in over 25 countries, FreeBalance has unparalleled experience in public finance reform as a specialist business-to-government (B2G) firm. FreeBalance Public Financial Management (PFM) solutions, consulting services and training deliver realistic and impactful public sector reforms that increase transparency, improve effectiveness, restore trust and create breakthrough opportunities for innovation.
About the USAID FAST project
The Fiscal and Accounting System of Tunisia (FAST) project supports the systems and processes needed to operationalize and accelerate the Tunisian government’s reforms modernizing the system for managing public revenue and expenditure, is funded by USAID and implemented by DAI.
About DAI
Development Alternatives Incorporated (DAI) works on the front lines of global development – turning ideas into action and action into action. They address fundamental social and economic development problems caused by inefficient markets, ineffective governance and instability. The DAI works with a wide range of clients, including national and local governments, bilateral and multilateral donors, private companies and philanthropists.
FAST complements other activities by the US Agency for International Development and other international donors in Tunisia to support the Tunisian government and the Treasury Department’s plan to improve public finance management. FAST is specifically focused on improving and modernizing the government’s Integrated Public Financial Management Information System (PFMIS) to increase the efficiency, transparency and predictability of public finances. The project strengthens the government’s ability to carry out tax, budget and tax collection mandates. The project also promotes e-services to streamline regulations, procedures and permits that reduce the cost and time burden on businesses, facilitate investment and trade, and encourage innovation.
https://www.dai.com/our-work/projects/tunesien-FAST
