Public financial management is the system by which the financial aspects of the public services’ business are directed, controlled and influenced, to support the delivery of the sector’s goals. PFM systems are embedded in—and influenced by—broader sets of processes, systems and institutions. PFM systems are also part of broader national policy processes, which produce directives or plans that inform public resource allocation. Public financial management (PFM) systems are a core area for reform in many developing countries.