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Business and Economics > Budgeting

You are looking at 1 - 10 of 23 items for :

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Cover Technical Notes and Manuals
Digital Solutions Guidelines for Public Financial Management
Lorena Rivero del Paso
,
Sailendra Pattanayak
,
Gerardo Uña
, and
Hervé Tourpe
The Digital Solutions Guidelines for Public Financial Management (Guidelines) are intended to serve as a comprehensive reference material for the assessment, design, and improvement of digital initiatives in the public financial management (PFM) area. To support the digital transformation of PFM functions, the Guidelines are structured around three Pillars – Functional, IT Architectural, and Governance and Management. Each pillar comprises six principles, which are further broken down into one to four attributes to promote more efficient and transparent PFM operations while fostering innovation and managing digital risks. These Guidelines also allow a graduated approach to digital transformation of PFM through three levels of maturity for each Attribute – foundational, intermediate, and advanced – to help take into account country-specific contexts and capacities in digital transformation strategies.
Keywords:
Digitalization; Digital Transformation; Public Financial Management; GovTech; Financial Management Information Systems; Open Data; IMF Library; PFM function; solutions guidelines implementation tool; manuals 2023/07; title page; PFM information systems; Budget execution and treasury management; Budget planning and preparation; Global
Cover Technical Notes and Manuals
Expenditure Control: Key Features, Stages, and Actors
Sailendra Pattanayak
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.
Keywords:
TNM; payment; control; country; Expenditure control; budget execution; treasury management; commitment control; transaction processing; financial management information system; expenditure arrears; cash planning; accounting and reporting; public financial management; payment order; expenditure cycle; forecasting government cash requirements; expenditure transaction; appropriation framework; expenditure control weakness; expenditure control tradition; payment control; expenditure operation; expenditure control systems; Budget planning and preparation; Budget execution and treasury management; Central government spending; Australia and New Zealand; Africa
Cover Technical Notes and Manuals
Managing Budgetary Virements
Mr. Sandeep Saxena
and
Mr. Sami Yläoutinen
Virements are useful instruments of budget flexibility. If carried out transparently and within accepted limits, virements can promote expenditure efficiency. Large, unregulated virements can undermine budget credibility and the budget’s relevance as principal policy and financial planning instrument. This note defines virements, clarifies their purpose, and specifies what general and country-specific considerations should guide the design of a virement framework. The note argues that countries should design virement policies maintaining balance between their budget flexibility and accountability needs, and keeping in view the legal-cultural environment and the state of development of their public financial management.
Keywords:
TNM; virement; budget; country; government; virement rule; budgetary appropriations; budget execution; budgetary reallocation; budget reserves; budgetary virements; number virement order; virement policy; virement regime; virement proposal; virement power; Budget planning and preparation; Expenditure control; Budget execution and treasury management; Capital spending; Africa
Cover Technical Notes and Manuals
Prévention et gestion des arriérés de dépenses publiques
Ms. Suzanne Flynn
and
Mario Pessoa
L'accumulation d’arriérés de dépenses publiques est l'un des problèmes les plus courants de la gestion des finances publiques (GFP). Cette note technique définit les arriérés de dépenses et leur typologie. Elle expose l'impact économique de l'accumulation d'arriérés de dépenses chroniques. Elle aborde les causes profondes des arriérés de dépenses et les mécanismes de prévention et de contrôle des arriérés de dépenses. Elle présente enfin des stratégies de gestion et de régularisation des arriérés de dépenses.
Keywords:
TNM; expenditure arrears; government supplier; annual budget; liquidity shortage; clearance strategy; government liability; government payment policy; incumbent government
Cover Technical Notes and Manuals
Prevención y gestión de los atrasos en el pago de los gastos públicos
Ms. Suzanne Flynn
and
Mario Pessoa
La acumulación de atrasos en el pago de los gastos públicos es uno de los problemas más comunes de la gestión financiera pública (GFP). En esta nota técnica se definen los atrasos del gasto y los diferentes tipos de atrasos que surgen. Se destaca el impacto económico de la acumulación crónica de atrasos del gasto. Se analizan las causas subyacentes y los mecanismos para evitar y controlar nuevas acumulaciones de atrasos. Por último, se presentan algunas estrategias para gestionar y regularizar los atrasos.
Keywords:
TNM; expenditure arrears; government supplier; annual budget; liquidity shortage; clearance strategy; government liability; government payment policy; incumbent government
Cover Technical Notes and Manuals
Prevention and Management of Government Arrears
Ms. Suzanne Flynn
and
Mario Pessoa
The accumulation of government expenditure arrears is one of the most common problems in public financial management. This technical note defines expenditure arrears and the different types of arrears that arise. The economic impact of chronic expenditure arrears accumulation is highlighted. The note discusses the underlying causes and mechanisms for preventing and controlling the further accumulation of arrears. The note concludes with some strategies for managing and clearing arrears.
Keywords:
TNM; expenditure arrears; government supplier; annual budget; liquidity shortage; clearance strategy; government liability; government payment policy; incumbent government; Arrears; commitment controls; government expenditure; public finance; public financial management; treasury; government Arrears; payment arrears; commitment control; government expenditure Arrears; arrears clearance strategy; government liquidity shortage; payment policy; Budget planning and preparation; Fiscal accounting and reporting; Expenditure control; Africa; West Africa; Sub-Saharan Africa; Europe
Cover Technical Notes and Manuals
Fondos extrapresupuestarios
Mr. Dimitar Radev
and
Mr. Richard I Allen
En esta nota técnica se abordan las siguientes cuestiones principales: 1. ¿Cuáles son la definición, clasificación y tipología de fondos extrapresupuestarios? 2. ¿Por qué hay fondos extrapresupuestarios? 3. ¿Qué problemas crean los fondos extrapresupuestarios? 4. ¿Bajo qué criterios se evalúan y reforman los fondos extrapresupuestarios? y 5. ¿Cuáles son las implicaciones para el análisis de las políticas fiscales y para la gestión financiera pública?
Keywords:
TNM; Reforming EBFs; government; fund; country; budget
Cover Technical Notes and Manuals
Plan de cuentas: Un componente crucial del marco para la gestión financiera pública
Sailendra Pattanayak
and
Julie Patricia Cooper
Los principales temas tratados en esta Nota Técnica de Orientación (TNM) son los siguientes: • Se analizan la finalidad de un plan de cuentas y su importancia en la gestión financiera pública. • Se analizan las necesidades de los actores interesados en un marco típico de gestión financiera pública que deben reflejarse en un plan de cuentas • Se analiza la función del plan de cuentas en la contabilidad presupuestaria y financiera. • Se analiza la relación entre el plan de cuentas y los sistemas integrados de información sobre gestión financiera (SIIGF). • Se explican los pasos fundamentales para identificar los requerimientos de datos y estructuras para elaborar un plan de cuentas.
Keywords:
TNM; COA structure; accounting system; COA segment; COA configuration; COA framework
Cover Technical Notes and Manuals
Función de la legislatura en los procesos presupuestarios
Mr. Ian Lienert
Esta nota1 trata las siguientes cuestiones principales: • ¿En qué momento del ciclo presupuestario debería participar el parlamento? • ¿Qué aspectos aprueba normalmente el parlamento, a diferencia de los aspectos que revisa? • ¿Con qué estructura interna y apoyo debería contar el parlamento para examinar los proyectos de presupuesto preparados por el gobierno y el presupuesto aprobado? • ¿Qué requisitos legales y de rendición de cuentas debería imponer el parlamento al poder ejecutivo? • ¿De qué manera debería formalizarse la participación de la legislatura en los procesos presupuestarios en las leyes y reglamentaciones?
Keywords:
TNM; parliament; budget; legislature; Westminster; country
Cover Technical Notes and Manuals
Reforma de las leyes del sistema presupuestario
Israel Fainboim Yaker
and
Mr. Ian Lienert
Los departamentos del FMI elaboran Notas Técnicas y Manuales para ampliar la divulgación de su asesoramiento en materia de asistencia técnica. Estos documentos presentan recomendaciones y pautas generales, algunas extraídas de informes de asistencia técnica inéditos, a un público más amplio. El lanzamiento de esta nueva serie fue en agosto de 2009.
Keywords:
TNM; draft budget law; budget law discussion; government regulation; budget authority; budget principle