Planning Public Financial Management Reforms in Pacific Island Countries : Guidance Note

This note provides guidance on planning, prioritizing, and accessing appropriate capacity for Public Financial Management (PFM) reform in Pacific Island Countries (PICs). It is intended for use by government officials, donor agencies, and consultan...

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Bibliographic Details
Main Author:	World Bank
Format:	Other Financial Sector Study
Language:	English en_US
Published:	Washington, DC 2014
Subjects:	ACCESS TO INFORMATION ACCOUNTABILITY ARRANGEMENTS ACCOUNTABILITY FOR RESULTS ACCOUNTABILITY SYSTEMS ACCOUNTING ACCUMULATION OF DEBT AGGREGATE EXPENDITURE AGGREGATE FISCAL ALLOCATION ALLOCATION OF RESOURCES ANNUAL BUDGET ANNUAL FINANCIAL STATEMENTS APPROPRIATIONS ARREARS BANK POLICY BUDGET ALLOCATIONS BUDGET DEVELOPMENT BUDGET DOCUMENTATION BUDGET EXECUTION BUDGET EXPENDITURE BUDGET INFORMATION BUDGET LAW BUDGET POLICY BUDGET PREPARATION BUDGET PROCESS BUDGET SUPPORT BUDGET SYSTEMS BUDGETARY ALLOCATIONS BUDGETARY POLICY BUDGETING BUDGETING PROCESS CAPACITY BUILDING CAPACITY CONSTRAINTS CAPACITY-BUILDING CASH BALANCES CASH FLOW CASH FLOWS CASH MANAGEMENT CASH MANAGEMENT SYSTEMS CASH RATIONING CASH RESERVES CENTRAL AGENCIES CENTRAL GOVERNMENT CHECKS CIVIL SERVANTS CIVIL SOCIETY ORGANIZATIONS COMPETITIVE PROCUREMENT CONTINGENT LIABILITIES CONTRACTED SERVICES DEBT DEBT DYNAMICS DEBT SERVICING DEBT SERVICING COSTS DEBT SUSTAINABILITY DECISION-MAKERS DEFICITS DEVELOPING COUNTRIES DISCRETIONARY PROGRAMS DONOR AGENCIES DONOR FUNDS ECONOMIC SHOCKS ECONOMIC VOLATILITY ECONOMIES OF SCALE EFFICIENCY IMPROVEMENTS EFFICIENT USE EFFICIENT USE OF PUBLIC RESOURCES ENABLING ENVIRONMENT EQUIPMENT EXPENDITURE ALLOCATIONS EXPENDITURE CEILINGS EXPENDITURE CONTROL EXPENDITURE CONTROL SYSTEMS EXPENDITURE CONTROLS EXPENDITURE DATA EXPENDITURE DECISIONS EXPENDITURE ENVELOPES EXPENDITURE LEVELS EXPENDITURE OBLIGATIONS EXPENDITURE PRIORITIES EXPENDITURES EXTERNAL ASSISTANCE EXTERNAL AUDIT EXTERNAL AUDITORS EXTERNAL SHOCKS FINANCE MINISTRY FINANCIAL ACCOUNTABILITY FINANCIAL COMPLIANCE FINANCIAL RESOURCES FISCAL CONTROL FISCAL DATA FISCAL DECENTRALIZATION FISCAL FORECASTS FISCAL IMPLICATIONS FISCAL INFORMATION FISCAL RELATIONS FISCAL RISK FISCAL RISKS FISCAL SPACE FISCAL STABILITY FISCAL SUSTAINABILITY GOVERNMENT MINISTRIES GOVERNMENT OWNERSHIP GOVERNMENT POLICY GOVERNMENT PRIORITIES HUMAN RESOURCES INTERNAL AUDIT INTERNAL AUDIT SYSTEMS INTERNAL CONTROLS INTERNATIONAL BANK INVESTING LABOR MARKETS LEGAL FRAMEWORK LEGISLATIVE SCRUTINY LOCAL CAPACITIES LOCAL CAPACITY LOCAL GOVERNMENTS MACROECONOMIC MANAGEMENT MACROECONOMIC STABILITY MACROECONOMIC SUSTAINABILITY MANAGERS MEDIUM-TERM EXPENDITURE MEDIUM-TERM EXPENDITURE FRAMEWORKS MINISTRIES OF FINANCE MINISTRY LEVEL MINISTRY OF FINANCE MONETARY FUND NATIONAL DEVELOPMENT NATIONAL GOVERNMENT NATURAL DISASTERS OPPORTUNITY COST OPPORTUNITY COSTS ORGANIZATIONAL CAPACITY PERFORMANCE CULTURE PERFORMANCE INDICATORS POLICY DECISIONS POLICY GOALS POLICY OBJECTIVES POLICY PRIORITIES POLICY-MAKERS POLITICAL ECONOMY PRIORITIES OF GOVERNMENT PRIVATE SECTOR PROBABILITY PROGRAMS PROVISIONING PUBLIC PUBLIC ACCOUNTS PUBLIC ENTITIES PUBLIC EXPENDITURE PUBLIC FINANCE PUBLIC FINANCE MANAGEMENT PUBLIC FINANCIAL MANAGEMENT PUBLIC FUNDS PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR ENTITIES PUBLIC SECTOR SPECIALIST PUBLIC SERVANTS PUBLIC SERVICE PUBLIC SERVICES QUALITY OF PUBLIC SPENDING RECURRENT EXPENDITURE REFORM EFFORTS REFORM IMPLEMENTATION REFORM PLAN REFORM PRIORITIES REFORM PROCESS REFORM PROCESSES REFORM PROGRAM REFORM PROGRAMS REFORMS RESOURCE AVAILABILITY RESOURCE CONSTRAINTS REVENUE ESTIMATES REVENUE FORECASTING REVENUE PROJECTIONS SECTOR CEILINGS SERVICE DELIVERY STATE OWNED ENTERPRISES STATED OBJECTIVES STRATEGIC PLANS SUB-NATIONAL SUB-NATIONAL GOVERNMENT SUB-NATIONAL GOVERNMENTS SUSTAINABILITY ANALYSIS TAX TAX ADMINISTRATION TRANSPARENCY TRANSPARENT ARRANGEMENTS TRUST FUND TURNOVER UNCERTAINTY UNNECESSARY DUPLICATION UTILITIES
Online Access:	http://documents.worldbank.org/curated/en/2013/01/17886478/planning-public-financial-management-reforms-pacific-island-countries-guidance-note http://hdl.handle.net/10986/16507

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Summary:	This note provides guidance on planning, prioritizing, and accessing appropriate capacity for Public Financial Management (PFM) reform in Pacific Island Countries (PICs). It is intended for use by government officials, donor agencies, and consultants. It complements, and is consistent with, extensive previous work carried out by the Pacific Financial Technical Assistance Center (PFTAC) and joint efforts by the Public Expenditure and Financial Accountability (PEFA) Secretariat, International Monetary Fund (IMF), and European Commission. Recommendations are based on a review of the literature and experiences of PFM reform in the region to date, with a focus on issues that are of particular relevance in PICs. Author start point that creative approaches are sometimes needed to PFM reform in Pacific Countries because of the extent and duration of capacity constraints. Authors have two key messages. Firstly, PFM capacity should be prioritized to areas that matter most in achieving development outcomes, and reforms should be intended to address specific, identified, problems, rather than to achieve blueprint 'good practice' standards. Secondly, with small numbers of staff and high staff turnover limiting potential for sustainable gains from standard capacity building solutions, broader options for meeting capacity gaps should be considered, including accessing ongoing support for specialized tasks or even the wholesale 'outsourcing' of certain functions.

Planning Public Financial Management Reforms in Pacific Island Countries : Guidance Note

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