Paraguay : Country Financial Accountability Assessment
The issues addressed in this Country Financial Accountability Assessment (CFAA), lie at the very core of the Government of Paraguay's performance, and its fight against corruption. The outputs of the CFAA assess the Government's public fi...
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| Format: | Country Financial Accountability Assessment |
| Language: | English en_US |
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Washington, DC
2013
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2004/08/5663137/paraguay-country-financial-accountability-assessment http://hdl.handle.net/10986/14491 |
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okr-10986-14491 |
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| recordtype |
oai_dc |
| 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 |
ACCOUNTANTS ACCOUNTING ACCOUNTING STANDARDS ACCRUALS ADJUSTMENT LENDING ANTICORRUPTION AUDITING AUDITORS AUDITS BANK LENDING BANK LOANS BANK OPERATIONS BANKING SECTOR BANKING SYSTEM BANKS BORROWING BUDGET EXECUTION BUDGET PERFORMANCE BUDGETING CAPITAL MARKETS CITIZEN PARTICIPATION COLLECTION AGENCIES COMMUNITY DEVELOPMENT CONSOLIDATED FINANCIAL STATEMENTS CONTRACTUAL OBLIGATIONS CORRUPTION COUNTERPART COUNTERPART FUNDS DEBT DEBT SERVICE DEFICITS ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC POLICIES ELECTRICITY EXPENDITURES EXTERNAL FINANCING FINANCIAL ACCOUNTABILITY FINANCIAL ADMINISTRATION FINANCIAL AUTHORITIES FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL REPORTING FINANCIAL SECTOR FINANCIAL SECTOR ADJUSTMENT FINANCIAL STATISTICS GOVERNMENT BUSINESS ENTERPRISES GOVERNMENT REFORM HUMAN CAPITAL INCOME INTEGRITY INTERGOVERNMENTAL TRANSFERS INTERNAL CONTROLS INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL AUDITING STANDARDS LAWS LEGAL FRAMEWORK LEGISLATION LIABILITY LOCAL CURRENCY MANAGEMENT MANAGEMENT CONTROLS MANAGERS MISMANAGEMENT MUNICIPALITIES OPERATIONS ORGANIZATIONAL STRUCTURE PENSIONS POLITICAL PARTIES PROVISIONS PUBLIC EMPLOYMENT PUBLIC EXPENDITURE PUBLIC FUNDS PUBLIC INVESTMENT PUBLIC PROCUREMENT PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR EMPLOYMENT PUBLIC SECTOR MANAGEMENT PUBLIC SERVANTS PUBLIC SERVICE PUBLIC WORKS RATIONALIZATION REFORMS RESOURCE MANAGEMENT RESOURCE USE REVENUE COLLECTION RURAL WATER SERVICE CALLS SOCIAL SERVICES SUPERVISION TAX TAX ADMINISTRATION TAX REFORM TAX REVENUE TEAMS TECHNICAL ASSISTANCE TRANSPARENCY TREASURY UTILITIES |
| spellingShingle |
ACCOUNTANTS ACCOUNTING ACCOUNTING STANDARDS ACCRUALS ADJUSTMENT LENDING ANTICORRUPTION AUDITING AUDITORS AUDITS BANK LENDING BANK LOANS BANK OPERATIONS BANKING SECTOR BANKING SYSTEM BANKS BORROWING BUDGET EXECUTION BUDGET PERFORMANCE BUDGETING CAPITAL MARKETS CITIZEN PARTICIPATION COLLECTION AGENCIES COMMUNITY DEVELOPMENT CONSOLIDATED FINANCIAL STATEMENTS CONTRACTUAL OBLIGATIONS CORRUPTION COUNTERPART COUNTERPART FUNDS DEBT DEBT SERVICE DEFICITS ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC POLICIES ELECTRICITY EXPENDITURES EXTERNAL FINANCING FINANCIAL ACCOUNTABILITY FINANCIAL ADMINISTRATION FINANCIAL AUTHORITIES FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL REPORTING FINANCIAL SECTOR FINANCIAL SECTOR ADJUSTMENT FINANCIAL STATISTICS GOVERNMENT BUSINESS ENTERPRISES GOVERNMENT REFORM HUMAN CAPITAL INCOME INTEGRITY INTERGOVERNMENTAL TRANSFERS INTERNAL CONTROLS INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL AUDITING STANDARDS LAWS LEGAL FRAMEWORK LEGISLATION LIABILITY LOCAL CURRENCY MANAGEMENT MANAGEMENT CONTROLS MANAGERS MISMANAGEMENT MUNICIPALITIES OPERATIONS ORGANIZATIONAL STRUCTURE PENSIONS POLITICAL PARTIES PROVISIONS PUBLIC EMPLOYMENT PUBLIC EXPENDITURE PUBLIC FUNDS PUBLIC INVESTMENT PUBLIC PROCUREMENT PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR EMPLOYMENT PUBLIC SECTOR MANAGEMENT PUBLIC SERVANTS PUBLIC SERVICE PUBLIC WORKS RATIONALIZATION REFORMS RESOURCE MANAGEMENT RESOURCE USE REVENUE COLLECTION RURAL WATER SERVICE CALLS SOCIAL SERVICES SUPERVISION TAX TAX ADMINISTRATION TAX REFORM TAX REVENUE TEAMS TECHNICAL ASSISTANCE TRANSPARENCY TREASURY UTILITIES World Bank Paraguay : Country Financial Accountability Assessment |
| geographic_facet |
Latin America & Caribbean Paraguay |
| description |
The issues addressed in this Country
Financial Accountability Assessment (CFAA), lie at the very
core of the Government of Paraguay's performance, and
its fight against corruption. The outputs of the CFAA assess
the Government's public financial management systems,
practices and accountability arrangements, and address key
issues in the sustainability of economic growth. The outputs
of this report are also of particular importance at this
time, given the need to ensure that quick disbursement
funding, linked to adjustment lending operations by the two
participating Banks, will be subject to adequate financial
management arrangements. The strategic approach to improving
public financial management in Paraguay, embodied in the
Action Plan emerging from this CFAA, requires immediate
action on two fronts. The first is to move towards
establishing an adequate control environment; the second
strategic priority is a stronger control function, both
internal and external. This CFAA presents the standards,
regulations, and practices recommended to implement an
effective system of internal control, and, the changes
recommended to give the Auditor General more impact in its
work. The report looks at the weaknesses and shortcomings
that continue to threaten financial accountability in
Paraguay, i.e., legal framework, budget execution,
accounting standards, decentralized entities, and, internal
control, among others. The CFAA concludes that
Paraguay's financial accountability arrangements are
failing to support public expenditure outcomes, and that
transparency in the use of public funds is needed to
encourage faith in the conduct of the government. Currently,
the financial management risk is assessed as high. To
achieve an acceptable level of risk, reforms are recommended
in the areas of internal control, external audit, and the
control of decentralized entities. Urgent attention must be
given to the areas of the independent control function,
control over the financial position, and to governance of
the decentralized entities. Most serious are the numerous
exceptions in the application of the Financial
Administration Law, and the need for the financial
management legal framework to be supported by broader laws
on civil service, ethics, anti-corruption and transparency.
The approach to control should be rethought to better
support operational efficiency, taking advantage of the
advances in information systems, legal framework, and the
staff who should be selected under a merit-based civil
service. Finally, regarding the control function, Paraguay
has recently removed the overlap between the Auditor General
and the Court of Accounts; the Auditor General should also
be given greater control over the selection of work it performs. |
| format |
Economic & Sector Work :: Country Financial Accountability Assessment |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Paraguay : Country Financial Accountability Assessment |
| title_short |
Paraguay : Country Financial Accountability Assessment |
| title_full |
Paraguay : Country Financial Accountability Assessment |
| title_fullStr |
Paraguay : Country Financial Accountability Assessment |
| title_full_unstemmed |
Paraguay : Country Financial Accountability Assessment |
| title_sort |
paraguay : country financial accountability assessment |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2004/08/5663137/paraguay-country-financial-accountability-assessment http://hdl.handle.net/10986/14491 |
| _version_ |
1764429080552275968 |
| spelling |
okr-10986-144912021-04-23T14:03:18Z Paraguay : Country Financial Accountability Assessment World Bank ACCOUNTANTS ACCOUNTING ACCOUNTING STANDARDS ACCRUALS ADJUSTMENT LENDING ANTICORRUPTION AUDITING AUDITORS AUDITS BANK LENDING BANK LOANS BANK OPERATIONS BANKING SECTOR BANKING SYSTEM BANKS BORROWING BUDGET EXECUTION BUDGET PERFORMANCE BUDGETING CAPITAL MARKETS CITIZEN PARTICIPATION COLLECTION AGENCIES COMMUNITY DEVELOPMENT CONSOLIDATED FINANCIAL STATEMENTS CONTRACTUAL OBLIGATIONS CORRUPTION COUNTERPART COUNTERPART FUNDS DEBT DEBT SERVICE DEFICITS ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC POLICIES ELECTRICITY EXPENDITURES EXTERNAL FINANCING FINANCIAL ACCOUNTABILITY FINANCIAL ADMINISTRATION FINANCIAL AUTHORITIES FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL REPORTING FINANCIAL SECTOR FINANCIAL SECTOR ADJUSTMENT FINANCIAL STATISTICS GOVERNMENT BUSINESS ENTERPRISES GOVERNMENT REFORM HUMAN CAPITAL INCOME INTEGRITY INTERGOVERNMENTAL TRANSFERS INTERNAL CONTROLS INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL AUDITING STANDARDS LAWS LEGAL FRAMEWORK LEGISLATION LIABILITY LOCAL CURRENCY MANAGEMENT MANAGEMENT CONTROLS MANAGERS MISMANAGEMENT MUNICIPALITIES OPERATIONS ORGANIZATIONAL STRUCTURE PENSIONS POLITICAL PARTIES PROVISIONS PUBLIC EMPLOYMENT PUBLIC EXPENDITURE PUBLIC FUNDS PUBLIC INVESTMENT PUBLIC PROCUREMENT PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR EMPLOYMENT PUBLIC SECTOR MANAGEMENT PUBLIC SERVANTS PUBLIC SERVICE PUBLIC WORKS RATIONALIZATION REFORMS RESOURCE MANAGEMENT RESOURCE USE REVENUE COLLECTION RURAL WATER SERVICE CALLS SOCIAL SERVICES SUPERVISION TAX TAX ADMINISTRATION TAX REFORM TAX REVENUE TEAMS TECHNICAL ASSISTANCE TRANSPARENCY TREASURY UTILITIES The issues addressed in this Country Financial Accountability Assessment (CFAA), lie at the very core of the Government of Paraguay's performance, and its fight against corruption. The outputs of the CFAA assess the Government's public financial management systems, practices and accountability arrangements, and address key issues in the sustainability of economic growth. The outputs of this report are also of particular importance at this time, given the need to ensure that quick disbursement funding, linked to adjustment lending operations by the two participating Banks, will be subject to adequate financial management arrangements. The strategic approach to improving public financial management in Paraguay, embodied in the Action Plan emerging from this CFAA, requires immediate action on two fronts. The first is to move towards establishing an adequate control environment; the second strategic priority is a stronger control function, both internal and external. This CFAA presents the standards, regulations, and practices recommended to implement an effective system of internal control, and, the changes recommended to give the Auditor General more impact in its work. The report looks at the weaknesses and shortcomings that continue to threaten financial accountability in Paraguay, i.e., legal framework, budget execution, accounting standards, decentralized entities, and, internal control, among others. The CFAA concludes that Paraguay's financial accountability arrangements are failing to support public expenditure outcomes, and that transparency in the use of public funds is needed to encourage faith in the conduct of the government. Currently, the financial management risk is assessed as high. To achieve an acceptable level of risk, reforms are recommended in the areas of internal control, external audit, and the control of decentralized entities. Urgent attention must be given to the areas of the independent control function, control over the financial position, and to governance of the decentralized entities. Most serious are the numerous exceptions in the application of the Financial Administration Law, and the need for the financial management legal framework to be supported by broader laws on civil service, ethics, anti-corruption and transparency. The approach to control should be rethought to better support operational efficiency, taking advantage of the advances in information systems, legal framework, and the staff who should be selected under a merit-based civil service. Finally, regarding the control function, Paraguay has recently removed the overlap between the Auditor General and the Court of Accounts; the Auditor General should also be given greater control over the selection of work it performs. 2013-07-23T19:48:54Z 2013-07-23T19:48:54Z 2004-08-26 http://documents.worldbank.org/curated/en/2004/08/5663137/paraguay-country-financial-accountability-assessment http://hdl.handle.net/10986/14491 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Country Financial Accountability Assessment Economic & Sector Work Latin America & Caribbean Paraguay |