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Business and Economics > Budgeting

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Cover Technical Notes and Manuals
Conceptual Design: A Critical Element of a Successful Government Financial Management Information System Project
Abdul Khan
and
Mario Pessoa
This technical note describes need of conceptual design as a critical element of a government financial management information system project. Governments are increasingly turning to computerized financial management systems to help them respond to the demand for better information. This note describes the conceptual design for government financial management information systems (GFMIS), and explains why is it critical to the success of a GFMIS project. Key factors that influence the preparation of the conceptual design are discussed. The main stakeholders in the preparation of the conceptual design are also elaborated.
Keywords:
TNM; GFMIS project; agency function; business process; management framework; accounts payable; GFMIS need; implementation team; integration advisor; preparation process need; transaction processing system; framework issue; budget management framework issue; change management strategy; Budget planning and preparation; PFM information systems; Budget execution and treasury management; Fiscal accounting and reporting; Middle East
Cover Managing the Oil Revenue Boom
Managing the Oil Revenue Boom
The Role of Fiscal Institutions
Mr. Mauricio Villafuerte
,
Mr. Rolando Ossowski
,
Mr. Theo Thomas
, and
Mr. Paulo A Medas

Abstract

Oil-producing countries have benefited from rising oil prices in recent years. The increase in oil exports and oil revenues has had major implications for these countries. These developments have revealed how governments manage their fiscal policies in light of changing oil-market conditions and the role of special fiscal institutions (SFIs). In this Occasional Paper, IMF experts examine the fiscal response of oil-producing countries to the recent oil boom and the role of SFIs in fiscal management, they review the experiences of selected countries, and they draw general lessons. In doing so, they link findings on best practice in the design of SFIs with broader fiscal management advice.

Keywords:
OP; oil-producing country; country; SFIs; fund; oil market condition; oil fund; SFIs dummy; oil export revenue; price forecast; Oil; gas and mining taxes; Oil prices; Budget planning and preparation; Western Hemisphere; Sub-Saharan Africa; Global