Public Finance

Download Assessing and Reforming Public Financial Management: A New by Richard Allen PDF

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By Richard Allen

This research compares and contrasts a few of the tools and techniques utilized by those companies to evaluate and reform public expenditure administration platforms in constructing and transitional nations. It reveals weaknesses in those tools, together with overlap and duplication of their technical scope and assurance, in addition to inadequate or inconsistent insurance in a few parts. furthermore, nations frequently are subjected to a number of checks and a number of missions by way of the donors, that can impose heavy transactions expenditures on govt businesses. additionally, the tools have numerous objectives―fiduciary , surveillance, and capability building―which are divergent and in all likelihood conflicting.

The booklet recommends a brand new strategy that's kingdom led, multidonor, medium time period in orientation, inquisitive about higher administration of the finances, and supplemented through donor relief money, as a key mechanism to minimize poverty and achieve different coverage targets. It presents concrete and useful techniques for reaching 4 very important objectives:
• Streamlining the assurance of tools to prevent pointless duplication
• bettering collaboration among donors, governments, and different stakeholders
• supplying a extra whole, exact, and well timed evaluation of fiduciary hazard
• enhancing the last word improvement impression of evaluation and reform paintings.

This ebook could be of curiosity to improvement practitioners within the region of public finance, finance ministers, coverage analysts and scholars and students of overseas development.

'Assessing and Reforming Public monetary administration: a brand new method' was once written as a part of the paintings of the general public Expenditure and fiscal responsibility software, a partnership of the realm financial institution, the ecu fee; the overseas financial Fund; the Strategic Partnership with Africa; and several other bilateral donor enterprises, together with these of France, Norway, Switzerland, and the uk.

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Sample text

General budget support will be programmed over multiple years and released annually in both fixed tranches (based on the recipient country’s conformity with IMF conditions for macroeconomic management) and variable tranches (based on agreed indicators for social and public expenditure management). The proposed ex ante assessments would be based on: • Reviews of diagnostic work on public expenditure management, drawn mainly from non-EC sources. • Information from previous EC audits. The Main Instruments for Assessments 23 • EC reviews of government and donor action plans for improving public expenditure management.

The first PER with an explicit institutional dimension was World Bank (1989b). But by the late 1990s fewer than a quarter of recent PERs had paid serious attention to budget management or institutions; see World Bank (1999). 5. The new focus has not always been accompanied by a commensurate expansion in the technical skills required for such analysis. In some cases the previous neglect of expenditure management has given way to the far worse outcome of superficial analysis and bad recommendations—usually in a mechanical imitation of complex practices introduced in a handful of industrial countries.

In spring 2003 the Bank and IMF boards reviewed a paper containing updates on progress in implementing HIPC action plans (World Bank 2003b). The updates, based on the 15 benchmarks for public expenditure management identified earlier, covered 21 HIPCs and were prepared by Bank and IMF staff in consultation with country authorities using standardized formats. The updates indicated that many HIPCs had improved their public expenditure systems and that a growing number were reporting on poverty-reducing spending.

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