Assessing and Reforming Public Financial Management : A New Approach

This study is intended to help underpin a more coordinated, effective approach to assessing and reforming systems for public expenditure, procurement, and financial accountability in developing countries-especially countries that receive internatio...

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Bibliographic Details
Main Authors:	Allen, Richard, Schiavo-Campo, Salvatore, Columkill Garrity, Thomas
Format:	Publication
Language:	English en_US
Published:	Washington, DC: World Bank 2013
Subjects:	ACCOUNTABILITY ACCOUNTING ADJUSTMENT LENDING AGGREGATE SPENDING ANTI- CORRUPTION ASSET MANAGEMENT AUTHORITY BUDGET MANAGEMENT BUDGET PROCESS CAPACITY BUILDING CENTRAL GOVERNMENT CENTRAL GOVERNMENT SPENDING CONCEPTUAL FRAMEWORK CONSENSUS CONSTITUENCIES CORRUPTION DEBT MANAGEMENT DEBT SERVICE DEBT SERVICING DEVELOPING COUNTRIES DEVELOPMENT GOALS DEVELOPMENT POLICIES DEVELOPMENT PROGRAMME DONOR AGENCIES DONOR RESOURCES ECONOMIC MANAGEMENT EXECUTION FINANCIAL ACCOUNTABILITY FINANCIAL CRISIS FINANCIAL MANAGEMENT FINANCIAL RESOURCES FISCAL FISCAL DISCIPLINE FISCAL TRANSPARENCY FOREIGN EXCHANGE GOOD GOVERNANCE GOVERNMENT BORROWING GOVERNMENT OFFICIALS GOVERNMENT POLICY GOVERNMENT RESOURCES GOVERNMENT REVENUE GOVERNMENT SPENDING GOVERNMENT'S BUDGET INSTITUTIONAL CAPACITY LACK OF TRANSPARENCY LEGISLATURE LICENSES LONG TERM LONG-TERM DEVELOPMENT LONG-TERM PERSPECTIVE MACROECONOMIC FRAMEWORK MACROECONOMIC POLICIES NATIONAL BUDGET NATIONS PARTNER INSTITUTIONS POOR COUNTRIES POVERTY REDUCTION POVERTY REDUCTION STRATEGY PROCUREMENT PUBLIC AGENCIES PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC EXPENDITURE REVIEW PUBLIC EXPENDITURE REVIEWS PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC GOODS PUBLIC INVESTMENT PUBLIC INVESTMENT PROGRAMS PUBLIC SECTOR PUBLIC SECTOR MANAGEMENT PUBLIC SERVICES QUALITY CONTROL REDUCING POVERTY SOCIAL POLICIES TECHNICAL ASSISTANCE TECHNICAL SUPPORT PUBLIC FINANCE MANAGEMENT FINANCIAL REFORM PUBLIC EXPENDITURE ANALYSIS PROCUREMENT PLAN BUDGETARY ASSISTANCE DONOR ASSISTANCE BUDGET SYSTEMS ACCOUNTABILITY MEASURES FISCAL BEHAVIOR METHODOLOGY INSTITUTIONAL POLICY GOVERNANCE
Online Access:	http://documents.worldbank.org/curated/en/2004/01/2857852/assessing-reforming-public-financial-management-new-approach http://hdl.handle.net/10986/15064

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Summary:	This study is intended to help underpin a more coordinated, effective approach to assessing and reforming systems for public expenditure, procurement, and financial accountability in developing countries-especially countries that receive international aid for budget support. Such support, also known as adjustment lending, has become far more important in recent years. At the World Bank, for example, it increased from less than 10 percent of total assistance in the 1980s to about 50 percent in fiscal 2002. Many other development agencies are also increasing aid for budget support. This support has been accompanied by and reflects widespread recognition that aid is fungible and that resources can be transferred, so that aid intended for one project can effectively be used to finance another. Thus, efforts to safeguard the integrity of donor resources mean little without safeguards on the use of government resources. Moreover, growing awareness of the destructive effects of corruption -- emphatically underscored by the East Asian financial crisis of 1997-99 -- has given new urgency to donors' need to ensure that aid is not diverted to private ends or misallocated to activities not conducive to fostering growth and reducing poverty. For all these reasons it is important for donors and recipient governments alike that the strengths and weaknesses of national budget systems be well understood and that governments implement reforms where needed, especially in high-risk areas.

Assessing and Reforming Public Financial Management : A New Approach

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