Fecha Publicación: 12-06-2024

As governments worldwide grapple with managing public funds transparently and efficiently, AI emerges as a powerful ally. It can revolutionize budget openness, assist in aligning fiscal activities with policy priorities, thereby facilitating greater accountability in public finances.

AI: A Game-Changer in Public Finance?

Understanding AI’s core functionalities is crucial to appreciate its potential in public financial management (PFM). Generative AI creates content by mimicking human understanding, producing text, images, and even software code, while predictive AI leverages historical data for forecasting. Generative AI is not mere number-crunching; it can translate data into actionable insights that drive policy decisions. AI’s predictive capabilities represent a significant advancement in fiscal forecasting, providing unprecedented accuracy that informs better budget planning and resource allocation. The speed at which these functionalities can be performed is revolutionary, meaning that information can be processed and available for decision making when it matters most.

Sigue leyendo aquí