This course provides an overview of the core set of financial management topics with a focus on financial management systems of OECD countries. While the focus is on public management, themes that originated in the private sector and that governments are increasingly applying to their budgets are also covered. The goals of public sector financial management, such as fiscal sustainability and allocative as well as operational efficiency - and how these can be contradicting goals - are examined.
Participants obtain insight into concepts such as debt management, project management, the budget cycle and user financing, and improve their understanding of tools such as top-down budgeting and fiscal planning. This course enables them to understand the macro challenges and tools for public fiscal managers and to judge the advantages and disadvantages of adopting and adapting possible reforms to public financial management.
Participants are expected to have thorough background knowledge of micro- and macroeconomics or should attend the Executive Seminar “Economics for Non-Economists: Micro- and Macroeconomics” as a preparation for this course.
This course can also be completed as part of the Certificate in Public Financial Management and Methods, or the Certificate in Public Sector Innovation.
Professionals from all sectors (public, private, and from NGOs)
Seminar fees are exempted from tax according to Value Added Tax Act (UStG) §4 Nr. 21a. In Germany and many other countries, tuition fees for continuing education programmes are also fully tax-deductible as professional training expenses.
Seminar fee includes: attendance, online access to course documents, materials during the seminar, beverages in the Hertie School cafeteria (open on weekdays), certificate of attendance.
Registration is possible throughout the year, on a first-come, first-serve basis via our online application module. Admission is subject to availability.