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FreeBalance to Release ”Budget 2.0” Roadmap: from PFM Reform to Participatory Budgeting with Social Media
Framework for evaluating government transparency and budget maturity to highlight 2011 Annual Conference of ABFM in Washington, DC
Ottawa, Canada (October 14, 2011) – FreeBalance, a For Profit Social Enterprise (FOPSE) software company that helps governments around the world to leverage robust Government Resource Planning (GRP) technology to accelerate country growth, announced attendance at the 2011 Annual Conference of the Association for Budgeting and Financial Management (ABFM). This conference runs from October 13 – 15 and is held at the Washington Marriott Hotel, Washington, DC.
The ABFM is a section of the American Society for Public Administration (ASPA). ABFM aims to promote the professional development of budgeting and financial management in the public and non-profit sectors. Embracing both theoretical and operational concerns, ABFM addresses issues in budgeting processes and practice in financial management.
At this year’s ABFM conference, Doug Hadden, Vice-President Products at FreeBalance will present "Budget 2.0: The Impact of Open Government and Open Data on Participatory Budgeting and Transparency" on Saturday, October 15 from 8:30 AM - 10:00 AM as part of the Online Expenditure & Performance Reporting session in the Georgetown 1 room. This presentation is based on a white paper written by Mr. Hadden titled “Government Budget 2.0 Framework: a framework for evaluating technology for government transparency and Public Financial Management reform”. Copies of this white paper will be made available.
"FreeBalance will share good practices in open government and open data with ABFM attendees," said Doug Hadden, FreeBalance Vice President Products. "E-government and open government technology is increasingly leveraged by governments to enable transparency, accountability, citizen services and citizen engagement. Our new approach enables governments to evaluate budget-centric transparency across eight dimensions.”
Transparency mechanisms, oversight, policy management, budget formulation, budget comprehensiveness, budget execution, timeliness and international standards represent the eight dimensions of the FreeBalance “Budget 2.0” assessment framework. The framework is budget-centric because budgets represent the legal embodiment of government policies. Public Financial Management (PFM), e-government and Government 2.0 processes are evaluated in the framework.
The FreeBalance Accountability Suite is a Government Resource Planning (GRP) solution supporting transparency and accountability. FreeBalance solutions for governments and external aid projects and funds simplify administration and reduce transaction costs for government or private organizations managing aid projects. The FreeBalance Accountability Suite automates reporting to donors, project finance management, and project performance management. The FreeBalance solution operates in developing nations around the world, including low-capacity countries, and providing effective donor reporting that meets international standards.
FreeBalance is active in 19 countries, including Antigua & Barbuda, Afghanistan, Canada, Iraq, Kosovo, Kyrgyz Republic, Liberia, Mongolia, Namibia, Pakistan, Sierra Leone, Southern Sudan, Timor-Leste, and Uganda among others. FreeBalance software manages more than a quarter trillion ($US) annual budgets worldwide.