Pefa Public Financial Management And Good Governance

Author : Jens Kromann Kristensen,Martin Bowen,Cathal Long,Shakira Mustapha,Urška Zrinski
Publisher : World Bank Publications
Page : 168 pages
File Size : 45,6 Mb
Release : 2019-11-24
Category : Business & Economics
ISBN : 9781464814662

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PEFA, Public Financial Management, and Good Governance by Jens Kromann Kristensen,Martin Bowen,Cathal Long,Shakira Mustapha,Urška Zrinski Pdf

This project, based on the Public Expenditure and Financial Accountability (PEFA) data set, researched how PEFA can be used to shape policy development in public financial management (PFM) and other major relevant policy areas such as anticorruption, revenue mobilization, political economy analysis, and fragile states. The report explores what shapes the PFM system in low- and middle-income countries by examining the relationship between political institutions and the quality of the PFM system. Although the report finds some evidence that multiple political parties in control of the legislature is associated with better PFM performance, the report finds the need to further refine and test the theories on the relationship between political institutions and PFM. The report addresses the question of the outcomes of PFM systems, distinguishing between fragile and nonfragile states. It finds that better PFM performance is associated with more reliable budgets in terms of expenditure composition in fragile states, but not aggregate budget credibility. Moreover, in contrast to existing studies, it finds no evidence that PFM quality matters for deficit and debt ratios, irrespective of whether a country is fragile or not. The report also explores the relationship between perceptions of corruption and PFM performance. It finds strong evidence of a relationship between better PFM performance and improvements in perceptions of corruption. It also finds that PFM reforms associated with better controls have a stronger relationship with improvements in perceptions of corruption compared to PFM reforms associated with more transparency. The last chapter looks at the relationship between PEFA indicators for revenue administration and domestic resource mobilization. It focuses on the credible use of penalties for noncompliance as a proxy for the type of political commitment required to improve tax performance. The analysis shows that countries that credibly enforce penalties for noncompliance collect more taxes on average.

Author : Kady Keita,Mr.Gene L. Leon,Frederico Lima
Publisher : International Monetary Fund
Page : 29 pages
File Size : 49,7 Mb
Release : 2019-10-11
Category : Business & Economics
ISBN : 9781513516127

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Do Financial Markets Value Quality of Fiscal Governance? by Kady Keita,Mr.Gene L. Leon,Frederico Lima Pdf

We examine the link between the quality of fiscal governance and access to market-based external finance. Stronger fiscal governance is associated with improvements in several indicators of market access, including a higher likelihood of issuing sovereign bonds and having a sovereign credit rating, receiving stronger ratings, and obtaining lower spreads. Using the more granular information on quality of fiscal governance from Public Expenditure and Financial Accountability (PEFA) assessments for 89 emerging and developing economies, we find that similar indicators of market access are correlated with sound public financial management practices, especially those that improve budget transparency and reporting, debt management, and fiscal strategy.

Author : Urska Zrinski,Martin Bowen,Maja Bosnic
Publisher : Unknown
Page : 128 pages
File Size : 52,6 Mb
Release : 2020-01-15
Category : Electronic
ISBN : 1734647302

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Supplementary Framework for Assessing Gender Responsive Public Financial Management by Urska Zrinski,Martin Bowen,Maja Bosnic Pdf

This document provides Public Expenditure and Financial Accountability (PEFA) users with guidance on the application of the PEFA supplementary framework for assessing gender responsive public financial management (GRPFM).

Author : International Monetary Fund. Fiscal Affairs Dept.
Publisher : International Monetary Fund
Page : 118 pages
File Size : 45,8 Mb
Release : 2013-09-16
Category : Business & Economics
ISBN : 9781484348277

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Niger by International Monetary Fund. Fiscal Affairs Dept. Pdf

This paper provides details of Public Expenditure and Financial Accountability (PEFA) Assessment report for Niger. The measurement of the public financial management performance indicators shows that progress has been insignificant. Reform programs in progress in the area of oversight and external auditing are moving ahead; as this trend continues, the progress will be reflected in the scores of subsequent assessments. However, the progress of the external audit will continue to depend on positive trends in the area of accounting, information recording, and financial reporting.

Author : Mr. M. Cangiano,Ms. Teresa R Curristine,Mr. Michel Lazare
Publisher : International Monetary Fund
Page : 468 pages
File Size : 41,6 Mb
Release : 2013-04-05
Category : Business & Economics
ISBN : 9781475512199

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Public Financial Management and Its Emerging Architecture by Mr. M. Cangiano,Ms. Teresa R Curristine,Mr. Michel Lazare Pdf

The first two decades of the twenty-first century have witnessed an influx of innovations and reforms in public financial management. The current wave of reforms is markedly different from those in the past, owing to the sheer number of innovations, their widespread adoption, and the sense that they add up to a fundamental change in the way governments manage public money. This book takes stock of the most important innovations that have emerged over the past two decades, including fiscal responsibility legislation, fiscal rules, medium-term budget frameworks, fiscal councils, fiscal risk management techniques, performance budgeting, and accrual reporting and accounting. Not merely a handbook or manual describing practices in the field, the volume instead poses critical questions about innovations; the issues and challenges that have appeared along the way, including those associated with the global economic crisis; and how the ground can be prepared for the next generation of public financial management reforms. Watch Video of Book Launch

Author : Bernard Harborne,William Dorotinsky,Paul M. Bisca
Publisher : World Bank Publications
Page : 512 pages
File Size : 46,8 Mb
Release : 2017-03-01
Category : Business & Economics
ISBN : 9781464807671

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Securing Development by Bernard Harborne,William Dorotinsky,Paul M. Bisca Pdf

Securing Development: Public Finance and the Security Sector highlights the role of public finance in the delivery of security and criminal justice services. This book offers a framework for analyzing public financial management, financial transparency, and oversight, as well as expenditure policy issues that determine how to most appropriately manage security and justice services. The interplay among security, justice, and public finance is still a relatively unexplored area of development. Such a perspective can help security actors provide more professional, effective, and efficient security and justice services for citizens, while also strengthening systems for accountability. The book is the result of a project undertaken jointly by staff from the World Bank and the United Nations, integrating the disciplines where each institution holds a comparative advantage and a core mandate. The primary audience includes government officials bearing both security and financial responsibilities, staff of international organizations working on public expenditure management and security sector issues, academics, and development practitioners working in an advisory capacity.

Author : Richard Allen,Salvatore Schiavo-Campo,Thomas Columkill Garrity
Publisher : World Bank Publications
Page : 166 pages
File Size : 43,6 Mb
Release : 2004
Category : Business & Economics
ISBN : 0821355996

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Assessing and Reforming Public Financial Management by Richard Allen,Salvatore Schiavo-Campo,Thomas Columkill Garrity Pdf

This study compares the various instruments and approaches used by the World Bank, the European Commission, the International Monetary Fund, the Strategic Partnership for Africa and several bilateral donor agencies to assess and reform public expenditure management systems in developing and transitional countries. It identifies weaknesses in the current system and recommends a new medium-term, country-led, multidonor approach which is focused on better budgetary management supplemented by donor aid funds, as a key mechanism to reduce poverty and attain other policy goals.

Author : International Monetary Fund. Fiscal Affairs Dept.
Publisher : International Monetary Fund
Page : 100 pages
File Size : 43,9 Mb
Release : 2012-09-18
Category : Business & Economics
ISBN : 9781475510645

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Liberia by International Monetary Fund. Fiscal Affairs Dept. Pdf

At the request of the Government of Liberia (GoL), the IMF Fiscal Affairs Department (FAD) led an external assessment of the central government’s public financial management (PFM) systems based on the Public Expenditure and Financial Accountability (PEFA) methodology. The assessment was undertaken in close collaboration with the Ministry of Finance’s (MoF) PFM Reform Coordination Unit (RCU), with the participation of staff of the African Development Bank and the World Bank, and with financial support from the European Union and Sida. The assessment examines progress since the PEFA assessment of 2007 and provides a renewed baseline for monitoring progress in PFM reform and for supporting the GoL in refining, where necessary, the current PFM reform strategy. The assessment snapshot date was April 23, 2012. The report was reviewed by the GoL, the PEFA Secretariat, a donor reference group, and FAD, the latter being at the same time responsible for quality assurance.

Author : OECD
Publisher : OECD Publishing
Page : 92 pages
File Size : 55,7 Mb
Release : 2009-04-09
Category : Electronic
ISBN : 9264056157

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Better Aid Managing Development Resources The Use of Country Systems in Public Financial Management by OECD Pdf

Successful development depends in large part on the efficiency, integrity and effectiveness with which the state raises, manages and expends public resources. Improving the rules and institutions governing these activities should be a major ...

Author : Richard Allen,Richard Hemming,B. Potter
Publisher : Springer
Page : 1125 pages
File Size : 50,9 Mb
Release : 2013-08-15
Category : Business & Economics
ISBN : 9781137315304

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The International Handbook of Public Financial Management by Richard Allen,Richard Hemming,B. Potter Pdf

The Handbook is a virtual encyclopedia of public financial management, written by topmost experts, many with a background in the IMF and World Bank. It provides the first comprehensive guide to the subject that has been published in more than ten years. The book is aimed at a broad audience of academics/students, government officials, development agencies and practitioners. It covers both bread-and-butter topics such as the macroeconomic and legal framework for budgeting, budget preparation and execution, procurement, accounting, reporting, audit and oversight, as well as specialist subjects such as government payroll systems, local government finance, fiscal transparency, the management of fiscal risks, sovereign wealth funds, the management of state-owned enterprises, and political economy aspects of budgeting. The book sets out numerous examples and case studies describing good practice in public financial management, and is highly relevant for use in both advanced and developing countries.

Author : Sokbunthoeun So,Michael Woolcock,Leah April,Caroline Hughes
Publisher : World Bank Publications
Page : 163 pages
File Size : 49,9 Mb
Release : 2018-08-31
Category : Political Science
ISBN : 9781464813160

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Alternative Paths to Public Financial Management and Public Sector Reform by Sokbunthoeun So,Michael Woolcock,Leah April,Caroline Hughes Pdf

Reforming public-sector organizations--their structures, policies, processes and practices--is notoriously difficult, in rich and poor countries alike. Even in the most favorable of circumstances, the scale and complexity of the tasks to be undertaken are enormous, requiring levels of coordination and collaboration that may be without precedent for those involved. Entirely new skills may need to be acquired by tens of thousands of people. Compounding these logistical challenges is the pervasive reality that circumstances often are not favorable to large-scale reform. Whether a country is rich or poor, the choice is not whether, but how, to reform the public sector--how optimal design characteristics, robust political support, and enhanced organizational capability to implement and adapt will be forged over time. This edited volume helps address the “how†? question. It brings together reform experiences in public financial management and the public sector more broadly from eight country cases in East Asia: Cambodia, Indonesia, Lao People's Democratic Republic, Malaysia, Myanmar, Papua New Guinea, Thailand, and Vietnam. These countries are at different stages of reform; most of the reform efforts would qualify as successes, while some had mixed outcomes, and others could be considered failures. The focus of each chapter is less on formally demonstrating success (or not) of specific reform, but on documenting how reformers maneuvered within different country contexts to achieve specific outcomes. Despite the great difficulty in reforming the public sector, decision-makers can draw renewed energy and inspiration, learning from those countries, sectors, and subnational spaces where substantive (not merely cosmetic) change has been achieved, and they can identify what pitfalls to avoid.

Author : Sailendra Pattanayak
Publisher : International Monetary Fund
Page : 32 pages
File Size : 49,6 Mb
Release : 2016-04-20
Category : Business & Economics
ISBN : 9781475567076

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Expenditure Control by Sailendra Pattanayak Pdf

This paper defines and explains key stages of the government expenditure chain and describes the controls applied at each stage, including their objectives and key features as well as centralized vs. decentralized approaches in application of those controls. The paper also examines the influence of different administrative traditions on types of expenditure controls, including the authority and responsibility of various institutional actors. Finally, it discusses typical weaknesses/problems associated with different traditions of expenditure control and suggests specific measures for strengthening the control framework. While providing examples of expenditure control practices from more than 32 countries, the paper points out that more than two-thirds of the 85 low and middle income countries covered by the publicly available Public Expenditure and Financial Accountability (PEFA) assessments have weak systems of expenditure control that are also associated with higher levels of expenditure arrears and a lack of budget credibility. This paper will help public financial management practitioners to evaluate budget execution systems and identify priorities for strengthening expenditure controls. It will also usefully guide technical assistance work related to modernization of government budget execution and expenditure control systems, including the design and implementation of IT-based financial management information systems.

Author : José Edgardo L. Campos,Sanjay Kumar Pradhan
Publisher : World Bank Publications
Page : 68 pages
File Size : 55,8 Mb
Release : 1996
Category : Expenditures, Public
ISBN : 8210379456XXX

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Budgetary Institutions and Expenditure Outcomes by José Edgardo L. Campos,Sanjay Kumar Pradhan Pdf

Author : OECD
Publisher : OECD Publishing
Page : 504 pages
File Size : 54,6 Mb
Release : 2001-03-20
Category : Electronic
ISBN : 9789264192607

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Managing Public Expenditure A Reference Book for Transition Countries by OECD Pdf

Managing Public Expenditure presents a comprehensive and in-depth analysis of all aspects of public expenditure management from the preparation of the budget to the execution, control and audit stages.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 65 pages
File Size : 52,7 Mb
Release : 2011-08-31
Category : Business & Economics
ISBN : 9781463902285

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Mauritius by International Monetary Fund Pdf

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.