New Public Management

(redirected from New Public Financial Management)
Also found in: Financial, Acronyms.

New Public Management (NPM)

forms of management that import techniques from business and private industry into the public sector. This form of management emphasises ‘value for money’ (VFM) as well as techniques such as TOTAL QUALITY MANAGEMENT (TQM). Sometimes these methods lead to full PRIVATIZATION. See also AUDIT
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