Overview

The continuing COVID-19 pandemic has proven that public monetary administration (PFM) must be an integral a part of the response. Effectiveness in financing the well being response relies upon not solely on the extent of funding but additionally on the way in which public funds are allotted and spent, that is decided by the PFM guidelines, and the way cash flows to well being service suppliers.

Up to now, early assessments have proven that PFM methods ranged from being a basic enabler to appearing as a roadblock within the COVID-19 well being response. Whereas service supply mechanisms have been extensively documented all through the pandemic, the underlying PFM mechanisms of the response additionally benefit consideration. To focus on the significance of PFM in well being emergency contexts, this speedy overview analyses numerous nation PFM experiences and identifies early classes rising from the financing of the well being response to COVID-19. The evaluation is finished by levels of the price range cycle: price range allocation, price range execution, and price range oversight.

Figuring out classes from the various PFM modalities used to finance the response to COVID-19 is key each for well being policy-makers and for finance authorities to organize for future well being emergencies. This overview was led by WHO Well being Techniques Governance and Financing.