West Bank and Gaza : Country Financial Accountability Assessment
This CFAA is able to report major improvements in the public financial management (PFM) system of the West Bank and Gaza (WB&G) in the period since mid-2002. Recent areas of improvement are in budgeting (both development and execution) and in f...
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| Format: | Country Financial Accountability Assessment |
| Language: | English en_US |
| Published: |
Washington, DC
2013
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2004/06/5001769/west-bank-gaza-country-financial-accountability-assessment http://hdl.handle.net/10986/15464 |
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okr-10986-15464 |
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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 |
PUBLIC FINANCE MANAGEMENT LEGAL FRAMEWORK TREASURY MANAGEMENT CASH MANAGEMENT BUDGET IMPLEMENTATION ARREARAGES OF PUBLIC ENTERPRISES DEBT MANAGEMENT GOVERNMENT ACCOUNTING STANDARDS PAYROLL SYSTEMS COMMERCIAL INVESTMENTS PUBLIC ENTERPRISES COMMERCIAL ACCOUNTING SYSTEMS EXTERNAL AUDITORS FINANCIAL CONTROL INTERNAL AUDITING CONTROL PROCUREMENT PRACTICES PROCUREMENT PROCEDURES FISCAL SYSTEM REFORM LOCAL GOVERNMENT CAPACITY BUILDING TECHNICAL ASSISTANCE REGULATORY FRAMEWORK ACCOUNTING MANUALS INFORMATION EXCHANGES DONOR FINANCING COST IMPACT ANALYSIS CONTINGENCY FUNDS FINANCIAL STATEMENTS OPERATING EXPENDITURES INFORMATION DISSEMINATION ACCOUNT ACCOUNTABILITY ACCOUNTING RECORDS ACCOUNTING SYSTEMS ACCOUNTS ADJUSTMENT LENDING AUDIT REPORTS AUDITED FINANCIAL STATEMENTS AUDITING AUDITING FUNCTION AUDITING STANDARDS AUDITS AUTHORITY AUTHORIZATION BANK ACCOUNTS BANKING SUPERVISION BUDGET APPROPRIATIONS BUDGET CLASSIFICATION BUDGET EXECUTION BUDGET EXPENDITURES BUDGET MANAGEMENT BUDGET PROCESS BUDGET SPEECHES BUDGETING CAPITAL EXPENDITURES CASH MANAGEMENT CIVIL SERVICE COLLECTION AGENCIES COMMERCIAL BANK DEBT COMMERCIAL BANKS COMMERCIAL OPERATIONS CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATION CORRUPTION DEBT MANAGEMENT ECONOMIC PERFORMANCE EXECUTION EXPENDITURE FINANCIAL ACCOUNTABILITY FINANCIAL CONTROL FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL REPORTS FINANCIAL SUPPORT FINANCIAL TRANSACTIONS FISCAL FISCAL CONTROL FISCAL TRANSPARENCY FISCAL YEAR GOOD GOVERNANCE GOVERNMENT ACCOUNTING GOVERNMENT AGENCIES GOVERNMENT BORROWING GOVERNMENT DEBT GOVERNMENT REVENUES GOVERNMENT SERVICES HEALTH SERVICES INTERNAL AUDIT INTERNAL AUDIT FUNCTION INTERNAL AUDITING INTERNAL AUDITORS INTERNAL CONTROLS INTERNATIONAL AUDITING STANDARDS LEGAL AUTHORITY LEGALITY LEGISLATION LEGISLATIVE COUNCIL LEGISLATIVE FRAMEWORK LOCAL GOVERNMENT MINISTERS OPERATING EXPENSES PAYROLL PENALTIES PROCUREMENT PROVISIONS PRUDENTIAL REQUIREMENTS PUBLIC ACCOUNTABILITY PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC FUNDS PUBLIC INSTITUTIONS PUBLIC SECTOR PUBLIC SECTOR EMPLOYMENT PUBLIC SECTOR REFORM RECURRENT COST REGULATORY FRAMEWORK REPORTING REPRESENTATIVES REVENUE COLLECTION SOCIAL INFRASTRUCTURE STATE OWNED ENTERPRISES STATE-OWNED ENTERPRISES TAX TECHNICAL ASSISTANCE TREASURY |
| spellingShingle |
PUBLIC FINANCE MANAGEMENT LEGAL FRAMEWORK TREASURY MANAGEMENT CASH MANAGEMENT BUDGET IMPLEMENTATION ARREARAGES OF PUBLIC ENTERPRISES DEBT MANAGEMENT GOVERNMENT ACCOUNTING STANDARDS PAYROLL SYSTEMS COMMERCIAL INVESTMENTS PUBLIC ENTERPRISES COMMERCIAL ACCOUNTING SYSTEMS EXTERNAL AUDITORS FINANCIAL CONTROL INTERNAL AUDITING CONTROL PROCUREMENT PRACTICES PROCUREMENT PROCEDURES FISCAL SYSTEM REFORM LOCAL GOVERNMENT CAPACITY BUILDING TECHNICAL ASSISTANCE REGULATORY FRAMEWORK ACCOUNTING MANUALS INFORMATION EXCHANGES DONOR FINANCING COST IMPACT ANALYSIS CONTINGENCY FUNDS FINANCIAL STATEMENTS OPERATING EXPENDITURES INFORMATION DISSEMINATION ACCOUNT ACCOUNTABILITY ACCOUNTING RECORDS ACCOUNTING SYSTEMS ACCOUNTS ADJUSTMENT LENDING AUDIT REPORTS AUDITED FINANCIAL STATEMENTS AUDITING AUDITING FUNCTION AUDITING STANDARDS AUDITS AUTHORITY AUTHORIZATION BANK ACCOUNTS BANKING SUPERVISION BUDGET APPROPRIATIONS BUDGET CLASSIFICATION BUDGET EXECUTION BUDGET EXPENDITURES BUDGET MANAGEMENT BUDGET PROCESS BUDGET SPEECHES BUDGETING CAPITAL EXPENDITURES CASH MANAGEMENT CIVIL SERVICE COLLECTION AGENCIES COMMERCIAL BANK DEBT COMMERCIAL BANKS COMMERCIAL OPERATIONS CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATION CORRUPTION DEBT MANAGEMENT ECONOMIC PERFORMANCE EXECUTION EXPENDITURE FINANCIAL ACCOUNTABILITY FINANCIAL CONTROL FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL REPORTS FINANCIAL SUPPORT FINANCIAL TRANSACTIONS FISCAL FISCAL CONTROL FISCAL TRANSPARENCY FISCAL YEAR GOOD GOVERNANCE GOVERNMENT ACCOUNTING GOVERNMENT AGENCIES GOVERNMENT BORROWING GOVERNMENT DEBT GOVERNMENT REVENUES GOVERNMENT SERVICES HEALTH SERVICES INTERNAL AUDIT INTERNAL AUDIT FUNCTION INTERNAL AUDITING INTERNAL AUDITORS INTERNAL CONTROLS INTERNATIONAL AUDITING STANDARDS LEGAL AUTHORITY LEGALITY LEGISLATION LEGISLATIVE COUNCIL LEGISLATIVE FRAMEWORK LOCAL GOVERNMENT MINISTERS OPERATING EXPENSES PAYROLL PENALTIES PROCUREMENT PROVISIONS PRUDENTIAL REQUIREMENTS PUBLIC ACCOUNTABILITY PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC FUNDS PUBLIC INSTITUTIONS PUBLIC SECTOR PUBLIC SECTOR EMPLOYMENT PUBLIC SECTOR REFORM RECURRENT COST REGULATORY FRAMEWORK REPORTING REPRESENTATIVES REVENUE COLLECTION SOCIAL INFRASTRUCTURE STATE OWNED ENTERPRISES STATE-OWNED ENTERPRISES TAX TECHNICAL ASSISTANCE TREASURY World Bank West Bank and Gaza : Country Financial Accountability Assessment |
| geographic_facet |
Middle East and North Africa West Bank and Gaza |
| description |
This CFAA is able to report major
improvements in the public financial management (PFM) system
of the West Bank and Gaza (WB&G) in the period since
mid-2002. Recent areas of improvement are in budgeting (both
development and execution) and in fiscal transparency. Other
PFM include the following: 1) All Palestinian Authority (PA)
revenues are now paid into the Central Treasury Account (the
CTA), a single treasury account which brings together all
government revenues and provides a single pool of funds out
of which all expenditures are paid. 2) An orderly system of
budgetary appropriation is now in force. 3) Reflecting these
new and improved processes, the budget speeches and
extensive background budget data are posted on a regular
basis on the Ministry of Finance's (MOF) external
website, itself a symbol of a new approach to transparency
and improved budget management. 4) MOF is exercising firm
control over budget expenditures - with the obvious caveat
that the chronic post-September 2000 shortage of Budget
funds has led to strict limits on non-wage expenditures and
to continuous ad hoc adjustments, with h d s often being
released by MOF on a daily basis. One consequence of chronic
revenue shortage and the erratic nature of donor budget
support has been a periodic accumulation of expenditure
arrears to the PA's pension funds, to commercial
suppliers. These arrears and the short-term commercial bank
debt that MOF has also contracted are, however, being
transparently handled. The IMF is also regularly monitoring
budget execution and the arrears and debt situation. 5)
Monthly budget execution reports are now being prepared and
posted on MOF's external website within a few days of
the end of each month. 6) A program of placing in each
ministry financial controllers who report to MOF has been
initiated. 7) The MOF has launched a program to develop an
ex post internal audit department in MOF. 8) Control over
the civil service payroll has improved significantly. 9) In
the 2004 Budget, the previous large discretionary transfer
appropriation for the President's Office has been
virtually eliminated with these funds instead transferred to
relevant service ministries (Health, Education and Social
Affairs). 10) The establishment of the Palestine Investment
Fund (PIF) has brought all PA equity holdings, including
virtually all state-owned enterprises (SOEs), under MOF
oversight and within a centralized and commercially oriented
management framework. 11) Measures have been taken to reduce
PA monopolistic activities in the importation of cement,
while the management of the Petroleum Commission has been
taken over directly by MOF. On the basis of these
improvements, and of Palestinian Authority (PA) commitment
to further reforms, the World Bank is able to support a
program of general donor budget support to the PA. However,
the CFAA also identifies "residual weaknesses" in
financial accountability, which relate to the lack of
adequate public aggregate financial statements, inadequate
auditing, and the undeveloped oversight role of the
Palestinian Legislative Council (PLC). The report discusses
a significant number of actions, which still need to be
implemented and notes that most of the essential steps are
either under implementation by the PA, or are planned. |
| format |
Economic & Sector Work :: Country Financial Accountability Assessment |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
West Bank and Gaza : Country Financial Accountability Assessment |
| title_short |
West Bank and Gaza : Country Financial Accountability Assessment |
| title_full |
West Bank and Gaza : Country Financial Accountability Assessment |
| title_fullStr |
West Bank and Gaza : Country Financial Accountability Assessment |
| title_full_unstemmed |
West Bank and Gaza : Country Financial Accountability Assessment |
| title_sort |
west bank and gaza : country financial accountability assessment |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2004/06/5001769/west-bank-gaza-country-financial-accountability-assessment http://hdl.handle.net/10986/15464 |
| _version_ |
1764428725986787328 |
| spelling |
okr-10986-154642021-04-23T14:03:18Z West Bank and Gaza : Country Financial Accountability Assessment World Bank PUBLIC FINANCE MANAGEMENT LEGAL FRAMEWORK TREASURY MANAGEMENT CASH MANAGEMENT BUDGET IMPLEMENTATION ARREARAGES OF PUBLIC ENTERPRISES DEBT MANAGEMENT GOVERNMENT ACCOUNTING STANDARDS PAYROLL SYSTEMS COMMERCIAL INVESTMENTS PUBLIC ENTERPRISES COMMERCIAL ACCOUNTING SYSTEMS EXTERNAL AUDITORS FINANCIAL CONTROL INTERNAL AUDITING CONTROL PROCUREMENT PRACTICES PROCUREMENT PROCEDURES FISCAL SYSTEM REFORM LOCAL GOVERNMENT CAPACITY BUILDING TECHNICAL ASSISTANCE REGULATORY FRAMEWORK ACCOUNTING MANUALS INFORMATION EXCHANGES DONOR FINANCING COST IMPACT ANALYSIS CONTINGENCY FUNDS FINANCIAL STATEMENTS OPERATING EXPENDITURES INFORMATION DISSEMINATION ACCOUNT ACCOUNTABILITY ACCOUNTING RECORDS ACCOUNTING SYSTEMS ACCOUNTS ADJUSTMENT LENDING AUDIT REPORTS AUDITED FINANCIAL STATEMENTS AUDITING AUDITING FUNCTION AUDITING STANDARDS AUDITS AUTHORITY AUTHORIZATION BANK ACCOUNTS BANKING SUPERVISION BUDGET APPROPRIATIONS BUDGET CLASSIFICATION BUDGET EXECUTION BUDGET EXPENDITURES BUDGET MANAGEMENT BUDGET PROCESS BUDGET SPEECHES BUDGETING CAPITAL EXPENDITURES CASH MANAGEMENT CIVIL SERVICE COLLECTION AGENCIES COMMERCIAL BANK DEBT COMMERCIAL BANKS COMMERCIAL OPERATIONS CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATION CORRUPTION DEBT MANAGEMENT ECONOMIC PERFORMANCE EXECUTION EXPENDITURE FINANCIAL ACCOUNTABILITY FINANCIAL CONTROL FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL REPORTS FINANCIAL SUPPORT FINANCIAL TRANSACTIONS FISCAL FISCAL CONTROL FISCAL TRANSPARENCY FISCAL YEAR GOOD GOVERNANCE GOVERNMENT ACCOUNTING GOVERNMENT AGENCIES GOVERNMENT BORROWING GOVERNMENT DEBT GOVERNMENT REVENUES GOVERNMENT SERVICES HEALTH SERVICES INTERNAL AUDIT INTERNAL AUDIT FUNCTION INTERNAL AUDITING INTERNAL AUDITORS INTERNAL CONTROLS INTERNATIONAL AUDITING STANDARDS LEGAL AUTHORITY LEGALITY LEGISLATION LEGISLATIVE COUNCIL LEGISLATIVE FRAMEWORK LOCAL GOVERNMENT MINISTERS OPERATING EXPENSES PAYROLL PENALTIES PROCUREMENT PROVISIONS PRUDENTIAL REQUIREMENTS PUBLIC ACCOUNTABILITY PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC FUNDS PUBLIC INSTITUTIONS PUBLIC SECTOR PUBLIC SECTOR EMPLOYMENT PUBLIC SECTOR REFORM RECURRENT COST REGULATORY FRAMEWORK REPORTING REPRESENTATIVES REVENUE COLLECTION SOCIAL INFRASTRUCTURE STATE OWNED ENTERPRISES STATE-OWNED ENTERPRISES TAX TECHNICAL ASSISTANCE TREASURY This CFAA is able to report major improvements in the public financial management (PFM) system of the West Bank and Gaza (WB&G) in the period since mid-2002. Recent areas of improvement are in budgeting (both development and execution) and in fiscal transparency. Other PFM include the following: 1) All Palestinian Authority (PA) revenues are now paid into the Central Treasury Account (the CTA), a single treasury account which brings together all government revenues and provides a single pool of funds out of which all expenditures are paid. 2) An orderly system of budgetary appropriation is now in force. 3) Reflecting these new and improved processes, the budget speeches and extensive background budget data are posted on a regular basis on the Ministry of Finance's (MOF) external website, itself a symbol of a new approach to transparency and improved budget management. 4) MOF is exercising firm control over budget expenditures - with the obvious caveat that the chronic post-September 2000 shortage of Budget funds has led to strict limits on non-wage expenditures and to continuous ad hoc adjustments, with h d s often being released by MOF on a daily basis. One consequence of chronic revenue shortage and the erratic nature of donor budget support has been a periodic accumulation of expenditure arrears to the PA's pension funds, to commercial suppliers. These arrears and the short-term commercial bank debt that MOF has also contracted are, however, being transparently handled. The IMF is also regularly monitoring budget execution and the arrears and debt situation. 5) Monthly budget execution reports are now being prepared and posted on MOF's external website within a few days of the end of each month. 6) A program of placing in each ministry financial controllers who report to MOF has been initiated. 7) The MOF has launched a program to develop an ex post internal audit department in MOF. 8) Control over the civil service payroll has improved significantly. 9) In the 2004 Budget, the previous large discretionary transfer appropriation for the President's Office has been virtually eliminated with these funds instead transferred to relevant service ministries (Health, Education and Social Affairs). 10) The establishment of the Palestine Investment Fund (PIF) has brought all PA equity holdings, including virtually all state-owned enterprises (SOEs), under MOF oversight and within a centralized and commercially oriented management framework. 11) Measures have been taken to reduce PA monopolistic activities in the importation of cement, while the management of the Petroleum Commission has been taken over directly by MOF. On the basis of these improvements, and of Palestinian Authority (PA) commitment to further reforms, the World Bank is able to support a program of general donor budget support to the PA. However, the CFAA also identifies "residual weaknesses" in financial accountability, which relate to the lack of adequate public aggregate financial statements, inadequate auditing, and the undeveloped oversight role of the Palestinian Legislative Council (PLC). The report discusses a significant number of actions, which still need to be implemented and notes that most of the essential steps are either under implementation by the PA, or are planned. 2013-08-28T21:00:06Z 2013-08-28T21:00:06Z 2004-06 http://documents.worldbank.org/curated/en/2004/06/5001769/west-bank-gaza-country-financial-accountability-assessment http://hdl.handle.net/10986/15464 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 Middle East and North Africa West Bank and Gaza |