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Public Financial Management Systems—Sri Lanka

Public Financial Management Systems—Sri Lanka
Author: Asian Development Bank
Publisher: Asian Development Bank
Total Pages: 137
Release: 2018-03-01
Genre: Business & Economics
ISBN: 9292610716

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This report documents Sri Lanka's financial management systems covering budgeting, funds flow, accounting and reporting, and auditing systems. It provides insights into Sri Lanka's internal control systems, staffing resource capacity, and information technology structure. The intent is to give project teams and consultants a better understanding of the country's financial management systems to improve project preparation. Find out how high-quality financial management assessments support projects by identifying key risks and enabling the implementation of appropriate actions and reforms to mitigate those risks.


Public Financial Management Systems - Sri Lanka

Public Financial Management Systems - Sri Lanka
Author: Asian Development Bank
Publisher:
Total Pages: 64
Release: 2018-03
Genre: Business & Economics
ISBN: 9789292610708

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To improve preparation of projects intended for Sri Lanka, project teams and consultants should have a better understanding of the country's financial management systems. This report documents Sri Lanka's financial management systems covering budgeting, funds flow, accounting and reporting, and auditing systems. It provides insights into Sri Lanka's internal control systems, staffing resource capacity, and information technology structure. The intent is to give project teams and consultants a better understanding of the country's financial management systems in order to improve project preparation. Find out how high-quality financial management assessments support projects by identifying key risks and enabling the implementation of appropriate actions and reforms to mitigate those risks.


PEFA, Public Financial Management, and Good Governance

PEFA, Public Financial Management, and Good Governance
Author: Jens Kromann Kristensen
Publisher: World Bank Publications
Total Pages: 168
Release: 2019-11-24
Genre: Business & Economics
ISBN: 146481466X

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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.


Public Financial Management Systems—Myanmar

Public Financial Management Systems—Myanmar
Author: Asian Development Bank
Publisher: Asian Development Bank
Total Pages: 85
Release: 2020-05-01
Genre: Business & Economics
ISBN: 9292622269

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This report documents Myanmar's financial management systems, covering primarily the areas of budgeting, funds flow, accounting and reporting, and auditing systems. It provides insights into the quality of internal control systems, staffing resource capacity, and information technology structure. The report aims to provide enhanced insights to stakeholders on financial management systems with the objective of improving the quality of financial management assessments during project preparation. High-quality financial management assessments support project implementation by identifying key fiduciary risks as well as appropriate actions and reforms to mitigate them.


Assessing and Reforming Public Financial Management

Assessing and Reforming Public Financial Management
Author: Richard Allen
Publisher: World Bank Publications
Total Pages: 166
Release: 2004
Genre: Business & Economics
ISBN: 9780821355992

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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.


Managing Public Expenditure A Reference Book for Transition Countries

Managing Public Expenditure A Reference Book for Transition Countries
Author: OECD
Publisher: OECD Publishing
Total Pages: 497
Release: 2001-03-20
Genre:
ISBN: 9264192603

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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.


Tools, Strategies, and Practices for Modern and Accountable Public Sector Management

Tools, Strategies, and Practices for Modern and Accountable Public Sector Management
Author: Azevedo, Graça
Publisher: IGI Global
Total Pages: 372
Release: 2019-11-15
Genre: Political Science
ISBN: 1799813878

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The recent global financial and economic crisis has had surprising effects on several economies worldwide. This global event has promoted the discussion on how ethical, transparent, and rigorous the accountability of public sector institutions is. However, public manager accountability is translated into a vision that goes beyond its sphere of activity, demanding information on how public resources have been managed based on the maximization of social welfare and sustainable development. Tools, Strategies, and Practices for Modern and Accountable Public Sector Management is an essential reference source that discusses the process behind how public resources are managed as well as how they are coordinated to achieve collective success. Featuring research on topics such as corporate responsibility, fiscal accountability, and public administration, this book is ideally designed for researchers, managers, financial authorities, auditors, public managers, public administrators, regulatory authorities, accountants, professionals, and students involved with the accountability and reform of public management in local governments.


Alternative Paths to Public Financial Management and Public Sector Reform

Alternative Paths to Public Financial Management and Public Sector Reform
Author: Sokbunthoeun So
Publisher: World Bank Publications
Total Pages: 163
Release: 2018-08-31
Genre: Political Science
ISBN: 1464813167

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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.


Comparative Public Budgeting

Comparative Public Budgeting
Author: George M. Guess
Publisher: Cambridge University Press
Total Pages: 287
Release: 2021-01-07
Genre: Law
ISBN: 1107198291

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This analysis of budgetary systems and policies across the world examines how politics, culture, and economics influence public finance.