The Global Report presents trends in public financial management (PFM) using Public Expenditure and Financial Accountability (PEFA) data. The report, which is only available online, contains data visualizations accompanied by short analyses and country examples that highlight key trends in PFM across seven key areas of the budget cycle. The analysis presented in this current publication is based on the data from 607 national and subnational PEFA assessments published between 2005 and 2021. Considering the significant challenges that the ongoing COVID-19 pandemic is creating for PFM performance, the 2022 publication of the Global Report includes a featured overview of crisis budgeting tools and trends. It also presents three case studies that demonstrate how PEFA assessment findings can be used to give insights into the readiness of PFM systems to respond to crises: Colombia, Mongolia, and Seychelles. Finally, the report presents ideas on how the data analysis and findings could influence future research on PFM. The previous 2020 Global Report can be accessed here.