Why county assets, debt must be managed well

Management of assets and liabilities is one of the key pillars of Public Finance Management (PFM) system. Effectiveness in management of public assets ensures that public investments provide value for money, assets are recorded and managed efficiently, risks are identified, and debts and guarantees are prudently planned, approved and monitored.

Good practice in management of assets and liabilities includes fiscal risk reporting, public investment management, public asset management and debt management.