By Richard Allen

ISBN-10: 0821355996

ISBN-13: 9780821355992

This learn compares and contrasts some of the tools and techniques utilized by those organisations to evaluate and reform public expenditure administration structures in constructing and transitional nations. It unearths weaknesses in those tools, together with overlap and duplication of their technical scope and assurance, in addition to inadequate or inconsistent assurance in a few parts. additionally, international locations frequently are subjected to a number of exams and a number of missions by means of the donors, that may impose heavy transactions expenses on executive organizations. in addition, the tools have various objectives―fiduciary , surveillance, and means building―which are divergent and probably conflicting.

The booklet recommends a brand new process that's kingdom led, multidonor, medium time period in orientation, desirous about larger administration of the price range, and supplemented by means of donor reduction money, as a key mechanism to minimize poverty and accomplish different coverage pursuits. It offers concrete and functional suggestions for attaining 4 vital objectives:
• Streamlining the insurance 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 danger
• enhancing the last word improvement impression of evaluate and reform paintings.

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

'Assessing and Reforming Public monetary administration: a brand new process' used to be written as a part of the paintings of the general public Expenditure and fiscal responsibility application, a partnership of the realm financial institution, the eu fee; the foreign financial Fund; the Strategic Partnership with Africa; and a number of other bilateral donor enterprises, together with these of France, Norway, Switzerland, and the uk.

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Just as the balance of payments or fiscal accounts must be analyzed as an interrelated whole, the assessment of the risks asso- 14 Assessing and Reforming Public Financial Management ciated with untied budget support should be based on the entire system for public expenditure management. In some cases the overall risk may be smaller than the sum of individual risks; in other cases it may be larger. What is needed is judgment, not a mechanical exercise. Second, because development agencies have differing goals and objectives as regards their aid programs and development assistance, their views of risk differ as well—as do the objectives, coverage, and methodologies of their financial accountability instruments.

Soon after, the government conducted a broad analysis of its system for public financial management. As part of this analysis, questionnaires were distributed to various parts of the administration, with a focus on the Ministry of Finance. The information was then consolidated in a summary report. In parallel, in the first half of 2001 the IMF conducted a Fiscal ROSC (with the final report published in 2002). Then in September 2001 a CFAA was launched to provide external verification of the government’s findings in its analysis of public financial management.

Thus the fiduciary objective is met by reasonable assurance that aid money will not be stolen or used for guns instead of butter. The development objective requires, in addition, some indication that money will be spent efficiently and effectively. These objectives share a kinship with the three classic levels of public expenditure management: overall expenditure control, strategic allocation, and operational management (Campos and Pradhan 1996). Except in severely dysfunctional systems—where expenditure control is paramount—these three levels are interrelated.

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


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