Syrian Arab Republic : Modernization of Public Financial Management
The authorities have made good recent progress in important public financial management (PFM) areas. They have strengthened the overall regulatory framework of the budget process by adopting a new basic finance law, and further deepened budget inte...
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| Format: | Other Financial Sector Study |
| Language: | English en_US |
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International Monetary Fund and the World Bank, Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2010/03/16423388/syrian-arab-republic-modernization-public-financial-management-vol-1-1 http://hdl.handle.net/10986/12810 |
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okr-10986-128102021-04-23T14:03:04Z Syrian Arab Republic : Modernization of Public Financial Management Radev, Dimitar Fouad, Manal Gardner, John Messali, Pierre Petrie, Murray Webber, David BUDGET INTEGRATION BUDGET PROCESS FINANCE LAW FISCAL FORECAST GOVERNANCE GOVERNMENT BANKING ARRANGEMENTS INFORMATION SYSTEM PUBLIC FINANCIAL MANAGEMENT PFM PFM MODERNIZATION REGULATORY FRAMEWORK TREASURY REFORMS The authorities have made good recent progress in important public financial management (PFM) areas. They have strengthened the overall regulatory framework of the budget process by adopting a new basic finance law, and further deepened budget integration by transferring the responsibilities for the capital budget from the State Planning Commission (SPC) to the Ministry of Finance (MoF). They have also improved the budget presentation by providing information to parliament for selected ministries on the base of a simple program structure.The main purpose of this report is to assist the authorities in advancing their reform agenda for modernization of the PFM system. To this end, the report: Develops an action plan for PFM reform. The plan sets out specific activities in a selection of reform areas identified as priorities in discussion with the Minister of Finance, as well as the suggested timing and possible requirement of technicalassistance (TA); and elaborates, in detail, actions that need to be undertaken in four broad PFM areas as identified in the plan: (i) medium-term orientation of the budget; (ii) budget integration reforms; (iii) budgetary treatment of public economic entities; and (iv) treasury reforms. Key recommendations of the report include:Prepare a three-year fiscal forecast and link fiscal projections to an approved debtsustainability and fiscal strategy framework; present as part of the budget documentation information on the revenues and expenditures of the public economic entities; and progressively strengthen governance of the sector; gradually extend the use of programs for presentation purposes in the budget by adding up to five to six new ministries in 2010, including the MoF and the ministry of local administration (MoLA); further integrate the management of the recurrent and capital budgets by the budget department in the MoF; the reform areas included in the action plan reflect initial priorities and are not an assessment of all areas in which the PFM system in Syria might be improved. Strengthen the government banking arrangements by introducing a treasury single account (TSA) system; develop accounting and cash management functions at the MoF, by establishing accounting and cash management units in the treasury department; and introduce new budget classification and chart of accounts (CoA) to be integrated into a new integrated financial management information system (GFMIS). 2013-03-21T13:43:53Z 2013-03-21T13:43:53Z 2010-03 http://documents.worldbank.org/curated/en/2010/03/16423388/syrian-arab-republic-modernization-public-financial-management-vol-1-1 http://hdl.handle.net/10986/12810 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank International Monetary Fund and the World Bank, Washington, DC Economic & Sector Work :: Other Financial Sector Study Economic & Sector Work Middle East and North Africa Syrian Arab Republic |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
BUDGET INTEGRATION BUDGET PROCESS FINANCE LAW FISCAL FORECAST GOVERNANCE GOVERNMENT BANKING ARRANGEMENTS INFORMATION SYSTEM PUBLIC FINANCIAL MANAGEMENT PFM PFM MODERNIZATION REGULATORY FRAMEWORK TREASURY REFORMS |
| spellingShingle |
BUDGET INTEGRATION BUDGET PROCESS FINANCE LAW FISCAL FORECAST GOVERNANCE GOVERNMENT BANKING ARRANGEMENTS INFORMATION SYSTEM PUBLIC FINANCIAL MANAGEMENT PFM PFM MODERNIZATION REGULATORY FRAMEWORK TREASURY REFORMS Radev, Dimitar Fouad, Manal Gardner, John Messali, Pierre Petrie, Murray Webber, David Syrian Arab Republic : Modernization of Public Financial Management |
| geographic_facet |
Middle East and North Africa Syrian Arab Republic |
| description |
The authorities have made good recent
progress in important public financial management (PFM)
areas. They have strengthened the overall regulatory
framework of the budget process by adopting a new basic
finance law, and further deepened budget integration by
transferring the responsibilities for the capital budget
from the State Planning Commission (SPC) to the Ministry of
Finance (MoF). They have also improved the budget
presentation by providing information to parliament for
selected ministries on the base of a simple program
structure.The main purpose of this report is to
assist the authorities in advancing their reform agenda for
modernization of the PFM system. To this end, the report:
Develops an action plan for PFM reform. The plan sets out
specific activities in a selection of reform areas
identified as priorities in discussion with the Minister of
Finance, as well as the suggested timing and possible
requirement of technicalassistance (TA); and
elaborates, in detail, actions that need to be undertaken in
four broad PFM areas as identified in the plan: (i)
medium-term orientation of the budget; (ii) budget
integration reforms; (iii) budgetary treatment of public
economic entities; and (iv) treasury reforms. Key
recommendations of the report include:Prepare a
three-year fiscal forecast and link fiscal projections to an
approved debtsustainability and fiscal strategy
framework; present as part of the budget documentation
information on the revenues and expenditures of the public
economic entities; and progressively strengthen governance
of the sector; gradually extend the use of programs for
presentation purposes in the budget by adding up to five to
six new ministries in 2010, including the MoF and the
ministry of local administration (MoLA); further integrate
the management of the recurrent and capital budgets by the
budget department in the MoF; the reform areas included in
the action plan reflect initial priorities and are not an
assessment of all areas in which the PFM system in Syria
might be improved. Strengthen the government banking
arrangements by introducing a treasury single account (TSA)
system; develop accounting and cash management functions at
the MoF, by establishing accounting and cash management
units in the treasury department; and introduce new budget
classification and chart of accounts (CoA) to be integrated
into a new integrated financial management information
system (GFMIS). |
| format |
Economic & Sector Work :: Other Financial Sector Study |
| author |
Radev, Dimitar Fouad, Manal Gardner, John Messali, Pierre Petrie, Murray Webber, David |
| author_facet |
Radev, Dimitar Fouad, Manal Gardner, John Messali, Pierre Petrie, Murray Webber, David |
| author_sort |
Radev, Dimitar |
| title |
Syrian Arab Republic : Modernization of Public Financial Management |
| title_short |
Syrian Arab Republic : Modernization of Public Financial Management |
| title_full |
Syrian Arab Republic : Modernization of Public Financial Management |
| title_fullStr |
Syrian Arab Republic : Modernization of Public Financial Management |
| title_full_unstemmed |
Syrian Arab Republic : Modernization of Public Financial Management |
| title_sort |
syrian arab republic : modernization of public financial management |
| publisher |
International Monetary Fund and the World Bank, Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2010/03/16423388/syrian-arab-republic-modernization-public-financial-management-vol-1-1 http://hdl.handle.net/10986/12810 |
| _version_ |
1764421287761936384 |