Brazil : Country Financial Accountability Assessment

This Country Financial Accountability Assessment (CFAA) is also a "fiduciary" assessment, given it examines Brazil's Public Financial Management system, to form a judgment on the risk to Bank, and country funds within the Brazilian b...

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Main Author:	World Bank
Format:	Country Financial Accountability Assessment
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	PUBLIC FINANCE FINANCIAL MANAGEMENT RISK MANAGEMENT BANK LENDING STRATEGY FISCAL REFORMS STRUCTURAL ADJUSTMENT PROGRAMS PUBLIC EXPENDITURES BUDGET ANALYSIS BUDGET CONTROL BUDGET IMPLEMENTATION BUDGET LAW & LEGISLATION ANNUAL BUDGET REVIEWS ALLOCATION OF RESOURCES PROGRAM IMPLEMENTATION PERFORMANCE INDICATORS GOVERNMENT COMMITMENTS FISCAL MANAGEMENT ACCOUNT ACCOUNTABILITY ACCOUNTANTS ACCOUNTING ACCOUNTING PRACTICES ACCOUNTING PRINCIPLES ACCOUNTING STANDARDS ACCOUNTS ADJUSTMENT LENDING ADMINISTRATION ADMINISTRATIVE REFORM AGGREGATE FISCAL DISCIPLINE APPROPRIATIONS AUDIT REPORTS AUDITING AUDITING STANDARDS AUDITS AUTHORITY AUTHORIZATION AUTONOMY BUDGET APPROPRIATIONS BUDGET CLASSIFICATION BUDGET DEFICITS BUDGET ESTIMATES BUDGET EXECUTION BUDGET EXPENDITURES BUDGET MONITORING BUDGET PROCESS BUDGET REVENUES BUDGET SURPLUS BUDGET SYSTEM BUDGETARY FUNDS BUDGETARY PROCESS BUDGETARY PROCESSES BUDGETARY RESOURCES BUDGETING CAPITAL EXPENDITURES CASH FLOWS CASH MANAGEMENT CASH PAYMENTS CENTRAL AGENCIES CENTRAL GOVERNMENT CIVIL SERVICE CONSOLIDATED FINANCIAL STATEMENTS CONSTITUTION CORRUPTION CORRUPTION DIAGNOSTICS DEBT RELIEF DEBT SERVICING DECREE DIVISION OF POWERS ECONOMIC GROWTH EXECUTION FEDERAL GOVERNMENT FEDERALISM FINANCIAL ACCOUNTABILITY FINANCIAL ADMINISTRATION FINANCIAL INSTITUTIONS FINANCIAL PERFORMANCE FINANCIAL PROGRAMMING FINANCIAL RESULTS FINANCIAL TRANSACTIONS FISCAL FISCAL BALANCE FISCAL CONTROL FISCAL CONTROLS FISCAL DISCIPLINE FISCAL FEDERALISM FISCAL MANAGEMENT FISCAL PERFORMANCE FISCAL REFORM FISCAL RESPONSIBILITY FISCAL SITUATION FISCAL STRATEGIES FISCAL SUSTAINABILITY FISCAL TRANSPARENCY FISCAL YEAR GOVERNMENT EQUITY GOVERNMENT FINANCE GOVERNMENT LEVEL GOVERNMENT PLANNING GOVERNMENT PROGRAM GOVERNMENTAL ORGANIZATION GROSS DOMESTIC PRODUCT HUMAN RESOURCES INSTITUTIONAL ARRANGEMENT INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL FRAMEWORK INTERNAL AUDIT INTERNAL AUDITING INTERNAL CONTROLS INTERNATIONAL ACCOUNTING STANDARDS JUDICIARY LACK OF CLARITY LAWS LEGAL FRAMEWORK LEGAL PROVISIONS LEGISLATION LEVELS OF GOVERNMENT LOCAL GOVERNMENTS MANAGEMENT ACCOUNTING MINISTRY OF FINANCE MUNICIPAL GOVERNMENTS MUNICIPALITIES NATIONAL BUDGET NATIONAL GOVERNMENTS NATIONAL LEVEL NATIONAL PLANNING NATIONS PAYROLL PRIVATE SECTOR PRIVATIZATION PROCUREMENT PUBLIC DEBT PUBLIC DEBT MANAGEMENT PUBLIC EMPLOYMENT PUBLIC EXPENDITURE PUBLIC EXPENDITURE REVIEW PUBLIC FUNDING PUBLIC INVESTMENT PUBLIC SECTOR PUBLIC SECTOR BORROWING PUBLIC SECTOR MANAGEMENT QUALITY CONTROL RECURRENT EXPENDITURES REPORTING REPRESENTATIVES RESOURCE ALLOCATION REVENUE ADMINISTRATION REVENUE SHARING SENATE SOCIAL ASSISTANCE SOCIAL SECTOR SOCIAL SECTOR EXPENDITURES SOCIAL SECURITY STATE ENTERPRISES STATE OWNED ENTERPRISES STATE-OWNED ENTERPRISES STRUCTURAL ADJUSTMENT SUBNATIONAL GOVERNMENTS SUBVERSION TAX TAXATION TECHNICAL ASSISTANCE TOTAL EXPENDITURES TREASURY WAGES
Online Access:	http://documents.worldbank.org/curated/en/2002/06/2352866/brazil-country-financial-accountability-assessment http://hdl.handle.net/10986/14504

id	okr-10986-14504
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	PUBLIC FINANCE FINANCIAL MANAGEMENT RISK MANAGEMENT BANK LENDING STRATEGY FISCAL REFORMS STRUCTURAL ADJUSTMENT PROGRAMS PUBLIC EXPENDITURES BUDGET ANALYSIS BUDGET CONTROL BUDGET IMPLEMENTATION BUDGET LAW & LEGISLATION ANNUAL BUDGET REVIEWS ALLOCATION OF RESOURCES PROGRAM IMPLEMENTATION PERFORMANCE INDICATORS GOVERNMENT COMMITMENTS FISCAL MANAGEMENT ACCOUNT ACCOUNTABILITY ACCOUNTANTS ACCOUNTING ACCOUNTING PRACTICES ACCOUNTING PRINCIPLES ACCOUNTING STANDARDS ACCOUNTS ADJUSTMENT LENDING ADMINISTRATION ADMINISTRATIVE REFORM AGGREGATE FISCAL DISCIPLINE ALLOCATION OF RESOURCES APPROPRIATIONS AUDIT REPORTS AUDITING AUDITING STANDARDS AUDITS AUTHORITY AUTHORIZATION AUTONOMY BUDGET APPROPRIATIONS BUDGET CLASSIFICATION BUDGET DEFICITS BUDGET ESTIMATES BUDGET EXECUTION BUDGET EXPENDITURES BUDGET IMPLEMENTATION BUDGET MONITORING BUDGET PROCESS BUDGET REVENUES BUDGET SURPLUS BUDGET SYSTEM BUDGETARY FUNDS BUDGETARY PROCESS BUDGETARY PROCESSES BUDGETARY RESOURCES BUDGETING CAPITAL EXPENDITURES CASH FLOWS CASH MANAGEMENT CASH PAYMENTS CENTRAL AGENCIES CENTRAL GOVERNMENT CIVIL SERVICE CONSOLIDATED FINANCIAL STATEMENTS CONSTITUTION CORRUPTION CORRUPTION DIAGNOSTICS DEBT RELIEF DEBT SERVICING DECREE DIVISION OF POWERS ECONOMIC GROWTH EXECUTION FEDERAL GOVERNMENT FEDERALISM FINANCIAL ACCOUNTABILITY FINANCIAL ADMINISTRATION FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL PERFORMANCE FINANCIAL PROGRAMMING FINANCIAL RESULTS FINANCIAL TRANSACTIONS FISCAL FISCAL BALANCE FISCAL CONTROL FISCAL CONTROLS FISCAL DISCIPLINE FISCAL FEDERALISM FISCAL MANAGEMENT FISCAL PERFORMANCE FISCAL REFORM FISCAL REFORMS FISCAL RESPONSIBILITY FISCAL SITUATION FISCAL STRATEGIES FISCAL SUSTAINABILITY FISCAL TRANSPARENCY FISCAL YEAR GOVERNMENT EQUITY GOVERNMENT FINANCE GOVERNMENT LEVEL GOVERNMENT PLANNING GOVERNMENT PROGRAM GOVERNMENTAL ORGANIZATION GROSS DOMESTIC PRODUCT HUMAN RESOURCES INSTITUTIONAL ARRANGEMENT INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL FRAMEWORK INTERNAL AUDIT INTERNAL AUDITING INTERNAL CONTROLS INTERNATIONAL ACCOUNTING STANDARDS JUDICIARY LACK OF CLARITY LAWS LEGAL FRAMEWORK LEGAL PROVISIONS LEGISLATION LEVELS OF GOVERNMENT LOCAL GOVERNMENTS MANAGEMENT ACCOUNTING MINISTRY OF FINANCE MUNICIPAL GOVERNMENTS MUNICIPALITIES NATIONAL BUDGET NATIONAL GOVERNMENTS NATIONAL LEVEL NATIONAL PLANNING NATIONS PAYROLL PRIVATE SECTOR PRIVATIZATION PROCUREMENT PUBLIC DEBT PUBLIC DEBT MANAGEMENT PUBLIC EMPLOYMENT PUBLIC EXPENDITURE PUBLIC EXPENDITURE REVIEW PUBLIC EXPENDITURES PUBLIC FUNDING PUBLIC INVESTMENT PUBLIC SECTOR PUBLIC SECTOR BORROWING PUBLIC SECTOR MANAGEMENT QUALITY CONTROL RECURRENT EXPENDITURES REPORTING REPRESENTATIVES RESOURCE ALLOCATION REVENUE ADMINISTRATION REVENUE SHARING SENATE SOCIAL ASSISTANCE SOCIAL SECTOR SOCIAL SECTOR EXPENDITURES SOCIAL SECURITY STATE ENTERPRISES STATE OWNED ENTERPRISES STATE-OWNED ENTERPRISES STRUCTURAL ADJUSTMENT SUBNATIONAL GOVERNMENTS SUBVERSION TAX TAXATION TECHNICAL ASSISTANCE TOTAL EXPENDITURES TREASURY WAGES
spellingShingle	PUBLIC FINANCE FINANCIAL MANAGEMENT RISK MANAGEMENT BANK LENDING STRATEGY FISCAL REFORMS STRUCTURAL ADJUSTMENT PROGRAMS PUBLIC EXPENDITURES BUDGET ANALYSIS BUDGET CONTROL BUDGET IMPLEMENTATION BUDGET LAW & LEGISLATION ANNUAL BUDGET REVIEWS ALLOCATION OF RESOURCES PROGRAM IMPLEMENTATION PERFORMANCE INDICATORS GOVERNMENT COMMITMENTS FISCAL MANAGEMENT ACCOUNT ACCOUNTABILITY ACCOUNTANTS ACCOUNTING ACCOUNTING PRACTICES ACCOUNTING PRINCIPLES ACCOUNTING STANDARDS ACCOUNTS ADJUSTMENT LENDING ADMINISTRATION ADMINISTRATIVE REFORM AGGREGATE FISCAL DISCIPLINE ALLOCATION OF RESOURCES APPROPRIATIONS AUDIT REPORTS AUDITING AUDITING STANDARDS AUDITS AUTHORITY AUTHORIZATION AUTONOMY BUDGET APPROPRIATIONS BUDGET CLASSIFICATION BUDGET DEFICITS BUDGET ESTIMATES BUDGET EXECUTION BUDGET EXPENDITURES BUDGET IMPLEMENTATION BUDGET MONITORING BUDGET PROCESS BUDGET REVENUES BUDGET SURPLUS BUDGET SYSTEM BUDGETARY FUNDS BUDGETARY PROCESS BUDGETARY PROCESSES BUDGETARY RESOURCES BUDGETING CAPITAL EXPENDITURES CASH FLOWS CASH MANAGEMENT CASH PAYMENTS CENTRAL AGENCIES CENTRAL GOVERNMENT CIVIL SERVICE CONSOLIDATED FINANCIAL STATEMENTS CONSTITUTION CORRUPTION CORRUPTION DIAGNOSTICS DEBT RELIEF DEBT SERVICING DECREE DIVISION OF POWERS ECONOMIC GROWTH EXECUTION FEDERAL GOVERNMENT FEDERALISM FINANCIAL ACCOUNTABILITY FINANCIAL ADMINISTRATION FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL PERFORMANCE FINANCIAL PROGRAMMING FINANCIAL RESULTS FINANCIAL TRANSACTIONS FISCAL FISCAL BALANCE FISCAL CONTROL FISCAL CONTROLS FISCAL DISCIPLINE FISCAL FEDERALISM FISCAL MANAGEMENT FISCAL PERFORMANCE FISCAL REFORM FISCAL REFORMS FISCAL RESPONSIBILITY FISCAL SITUATION FISCAL STRATEGIES FISCAL SUSTAINABILITY FISCAL TRANSPARENCY FISCAL YEAR GOVERNMENT EQUITY GOVERNMENT FINANCE GOVERNMENT LEVEL GOVERNMENT PLANNING GOVERNMENT PROGRAM GOVERNMENTAL ORGANIZATION GROSS DOMESTIC PRODUCT HUMAN RESOURCES INSTITUTIONAL ARRANGEMENT INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL FRAMEWORK INTERNAL AUDIT INTERNAL AUDITING INTERNAL CONTROLS INTERNATIONAL ACCOUNTING STANDARDS JUDICIARY LACK OF CLARITY LAWS LEGAL FRAMEWORK LEGAL PROVISIONS LEGISLATION LEVELS OF GOVERNMENT LOCAL GOVERNMENTS MANAGEMENT ACCOUNTING MINISTRY OF FINANCE MUNICIPAL GOVERNMENTS MUNICIPALITIES NATIONAL BUDGET NATIONAL GOVERNMENTS NATIONAL LEVEL NATIONAL PLANNING NATIONS PAYROLL PRIVATE SECTOR PRIVATIZATION PROCUREMENT PUBLIC DEBT PUBLIC DEBT MANAGEMENT PUBLIC EMPLOYMENT PUBLIC EXPENDITURE PUBLIC EXPENDITURE REVIEW PUBLIC EXPENDITURES PUBLIC FUNDING PUBLIC INVESTMENT PUBLIC SECTOR PUBLIC SECTOR BORROWING PUBLIC SECTOR MANAGEMENT QUALITY CONTROL RECURRENT EXPENDITURES REPORTING REPRESENTATIVES RESOURCE ALLOCATION REVENUE ADMINISTRATION REVENUE SHARING SENATE SOCIAL ASSISTANCE SOCIAL SECTOR SOCIAL SECTOR EXPENDITURES SOCIAL SECURITY STATE ENTERPRISES STATE OWNED ENTERPRISES STATE-OWNED ENTERPRISES STRUCTURAL ADJUSTMENT SUBNATIONAL GOVERNMENTS SUBVERSION TAX TAXATION TECHNICAL ASSISTANCE TOTAL EXPENDITURES TREASURY WAGES World Bank Brazil : Country Financial Accountability Assessment
geographic_facet	Latin America & Caribbean Brazil
description	This Country Financial Accountability Assessment (CFAA) is also a "fiduciary" assessment, given it examines Brazil's Public Financial Management system, to form a judgment on the risk to Bank, and country funds within the Brazilian budget, and the level of accountability and transparency concerning such spending. Moreover, this CFAA will feed into the Bank's lending program, in particular a second Fiscal Reform and Structural Adjustment Loans in FY03. Partly reflecting the lack of a Public Expenditure Review, this CFAA also focuses on upstream budget development issues, including linkages with the government planning systems, as well as downstream budget execution issues. The Brazilian Government appears strongly committed to improving its public financial management, in particular, two major initiatives have been recently undertaken, which significantly impacts on public financial management: a) the Multi-Annual Plan for 2000-2003 adopted a new approach, aimed at improving resource allocation through a program-based approach covering all budget expenditures, involving the setting of program objectives, and measuring performance; and, b) the Law on Fiscal Responsibility, which appears likely to significantly impact on reinforcing commitments to fiscal discipline at the federal government level, and enforcing greater fiscal discipline on sub-national government. Nevertheless, the budget system is fragmented, and complex, hampering resource allocation in line with stated priorities, and, its execution does not reflect program priorities. Notwithstanding needed improvements, the overall conclusion of this assessment is that the Brazilian public financial management system, provides reliable information, adequate systems exist to manage funds at the national level, and, there is a high level of fiscal transparency, both supporting an adjustment lending program.
format	Economic & Sector Work :: Country Financial Accountability Assessment
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Brazil : Country Financial Accountability Assessment
title_short	Brazil : Country Financial Accountability Assessment
title_full	Brazil : Country Financial Accountability Assessment
title_fullStr	Brazil : Country Financial Accountability Assessment
title_full_unstemmed	Brazil : Country Financial Accountability Assessment
title_sort	brazil : country financial accountability assessment
publisher	Washington, DC
publishDate	2013
url	http://documents.worldbank.org/curated/en/2002/06/2352866/brazil-country-financial-accountability-assessment http://hdl.handle.net/10986/14504
_version_	1764427223845044224
spelling	okr-10986-145042021-04-23T14:03:15Z Brazil : Country Financial Accountability Assessment World Bank PUBLIC FINANCE FINANCIAL MANAGEMENT RISK MANAGEMENT BANK LENDING STRATEGY FISCAL REFORMS STRUCTURAL ADJUSTMENT PROGRAMS PUBLIC EXPENDITURES BUDGET ANALYSIS BUDGET CONTROL BUDGET IMPLEMENTATION BUDGET LAW & LEGISLATION ANNUAL BUDGET REVIEWS ALLOCATION OF RESOURCES PROGRAM IMPLEMENTATION PERFORMANCE INDICATORS GOVERNMENT COMMITMENTS FISCAL MANAGEMENT ACCOUNT ACCOUNTABILITY ACCOUNTANTS ACCOUNTING ACCOUNTING PRACTICES ACCOUNTING PRINCIPLES ACCOUNTING STANDARDS ACCOUNTS ADJUSTMENT LENDING ADMINISTRATION ADMINISTRATIVE REFORM AGGREGATE FISCAL DISCIPLINE ALLOCATION OF RESOURCES APPROPRIATIONS AUDIT REPORTS AUDITING AUDITING STANDARDS AUDITS AUTHORITY AUTHORIZATION AUTONOMY BUDGET APPROPRIATIONS BUDGET CLASSIFICATION BUDGET DEFICITS BUDGET ESTIMATES BUDGET EXECUTION BUDGET EXPENDITURES BUDGET IMPLEMENTATION BUDGET MONITORING BUDGET PROCESS BUDGET REVENUES BUDGET SURPLUS BUDGET SYSTEM BUDGETARY FUNDS BUDGETARY PROCESS BUDGETARY PROCESSES BUDGETARY RESOURCES BUDGETING CAPITAL EXPENDITURES CASH FLOWS CASH MANAGEMENT CASH PAYMENTS CENTRAL AGENCIES CENTRAL GOVERNMENT CIVIL SERVICE CONSOLIDATED FINANCIAL STATEMENTS CONSTITUTION CORRUPTION CORRUPTION DIAGNOSTICS DEBT RELIEF DEBT SERVICING DECREE DIVISION OF POWERS ECONOMIC GROWTH EXECUTION FEDERAL GOVERNMENT FEDERALISM FINANCIAL ACCOUNTABILITY FINANCIAL ADMINISTRATION FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL PERFORMANCE FINANCIAL PROGRAMMING FINANCIAL RESULTS FINANCIAL TRANSACTIONS FISCAL FISCAL BALANCE FISCAL CONTROL FISCAL CONTROLS FISCAL DISCIPLINE FISCAL FEDERALISM FISCAL MANAGEMENT FISCAL PERFORMANCE FISCAL REFORM FISCAL REFORMS FISCAL RESPONSIBILITY FISCAL SITUATION FISCAL STRATEGIES FISCAL SUSTAINABILITY FISCAL TRANSPARENCY FISCAL YEAR GOVERNMENT EQUITY GOVERNMENT FINANCE GOVERNMENT LEVEL GOVERNMENT PLANNING GOVERNMENT PROGRAM GOVERNMENTAL ORGANIZATION GROSS DOMESTIC PRODUCT HUMAN RESOURCES INSTITUTIONAL ARRANGEMENT INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL FRAMEWORK INTERNAL AUDIT INTERNAL AUDITING INTERNAL CONTROLS INTERNATIONAL ACCOUNTING STANDARDS JUDICIARY LACK OF CLARITY LAWS LEGAL FRAMEWORK LEGAL PROVISIONS LEGISLATION LEVELS OF GOVERNMENT LOCAL GOVERNMENTS MANAGEMENT ACCOUNTING MINISTRY OF FINANCE MUNICIPAL GOVERNMENTS MUNICIPALITIES NATIONAL BUDGET NATIONAL GOVERNMENTS NATIONAL LEVEL NATIONAL PLANNING NATIONS PAYROLL PRIVATE SECTOR PRIVATIZATION PROCUREMENT PUBLIC DEBT PUBLIC DEBT MANAGEMENT PUBLIC EMPLOYMENT PUBLIC EXPENDITURE PUBLIC EXPENDITURE REVIEW PUBLIC EXPENDITURES PUBLIC FUNDING PUBLIC INVESTMENT PUBLIC SECTOR PUBLIC SECTOR BORROWING PUBLIC SECTOR MANAGEMENT QUALITY CONTROL RECURRENT EXPENDITURES REPORTING REPRESENTATIVES RESOURCE ALLOCATION REVENUE ADMINISTRATION REVENUE SHARING SENATE SOCIAL ASSISTANCE SOCIAL SECTOR SOCIAL SECTOR EXPENDITURES SOCIAL SECURITY STATE ENTERPRISES STATE OWNED ENTERPRISES STATE-OWNED ENTERPRISES STRUCTURAL ADJUSTMENT SUBNATIONAL GOVERNMENTS SUBVERSION TAX TAXATION TECHNICAL ASSISTANCE TOTAL EXPENDITURES TREASURY WAGES This Country Financial Accountability Assessment (CFAA) is also a "fiduciary" assessment, given it examines Brazil's Public Financial Management system, to form a judgment on the risk to Bank, and country funds within the Brazilian budget, and the level of accountability and transparency concerning such spending. Moreover, this CFAA will feed into the Bank's lending program, in particular a second Fiscal Reform and Structural Adjustment Loans in FY03. Partly reflecting the lack of a Public Expenditure Review, this CFAA also focuses on upstream budget development issues, including linkages with the government planning systems, as well as downstream budget execution issues. The Brazilian Government appears strongly committed to improving its public financial management, in particular, two major initiatives have been recently undertaken, which significantly impacts on public financial management: a) the Multi-Annual Plan for 2000-2003 adopted a new approach, aimed at improving resource allocation through a program-based approach covering all budget expenditures, involving the setting of program objectives, and measuring performance; and, b) the Law on Fiscal Responsibility, which appears likely to significantly impact on reinforcing commitments to fiscal discipline at the federal government level, and enforcing greater fiscal discipline on sub-national government. Nevertheless, the budget system is fragmented, and complex, hampering resource allocation in line with stated priorities, and, its execution does not reflect program priorities. Notwithstanding needed improvements, the overall conclusion of this assessment is that the Brazilian public financial management system, provides reliable information, adequate systems exist to manage funds at the national level, and, there is a high level of fiscal transparency, both supporting an adjustment lending program. 2013-07-23T21:46:35Z 2013-07-23T21:46:35Z 2002-06-30 http://documents.worldbank.org/curated/en/2002/06/2352866/brazil-country-financial-accountability-assessment http://hdl.handle.net/10986/14504 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 Brazil

Brazil : Country Financial Accountability Assessment

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