Mexico : Country Financial Accountability Assessment
This Country Financial Accountability Assessment (CFAA) summarizes the status of implementation of financial management measures of the Federal public sector, showing both strengths, and areas for improvement, and, reflects input contributions in e...
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| Format: | Country Financial Accountability Assessment |
| Language: | English en_US |
| Published: |
Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2004/09/5111931/mexico-country-financial-accountability-assessment http://hdl.handle.net/10986/14350 |
| Summary: | This Country Financial Accountability
Assessment (CFAA) summarizes the status of implementation of
financial management measures of the Federal public sector,
showing both strengths, and areas for improvement, and,
reflects input contributions in each area of public
management. The main strength observed was the existence of
clear rules governing the Federal Government's
administrative financial transactions, highlighted by a
federal public administration with rigorous internal control
systems, evidence of the Government's decision to fight
against corruption, and improper administrative practices.
The main strengths of the budget system are associated with
the existence of a well-defined, regulated and documented
mandatory procedure for all execution phases. Conversely,
weaknesses of the budget system are complex procedures
resulting from the large number of documents, laws, rules,
decrees, circulars and instructions that, diminish the
efficiency, and effectiveness of budget management.
Regarding the Treasury function, its strength is the
systematic internal order under which it performs its
functions of custody, concentration, oversight and
application of federal funds. Federal government accounting
registers, and reports a reliable and timely position of the
public accounts, and its main strengths are associated with
a well-defined, regulated and documented mandatory procedure
for all phases, supported by a sound legal and regulatory
framework. Recommendations outline the promotion of
integrated budget management systems into a single database;
the use of an appropriate number of indicators reflecting
planned results and goals achieved, to allow for the follow
up of multi-annual investment processes; promotion of a
greater simplification of the regulatory framework for
budget management; that automated and integrated management
require a comprehensive review of the organizational
structures, functions, and operations; and, to establish
mechanisms for the executing entities to evaluate
investments based on cost-benefit criteria, to prioritize
investments, and improve the efficiency with which State
resources are allocated. |
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