Dhaka, July 25 -- Public Financial Management (PFM) plays a crucial role in governance by ensuring proper allocation, management, and accountability of public resources. It includes processes such as budgeting, controlling expenditures, accounting, auditing, and reporting that governments depend on to oversee public funds. Strong PFM fosters economic stability, fiscal discipline, and sustainable growth, especially in developing countries like Bangladesh, where socio-economic challenges are complex.Effective PFM systems are essential for maintaining fiscal discipline, which involves managing revenue and expenditures to prevent significant deficits and growing debt. In Bangladesh, controlling fiscal deficits is crucial for maintaining econo...