Republic of Panama : Public Expenditure and Financial Accountability
Panama's public financial management (PFM) system displays several strengths with respect to the fiscal position, debt management, and payroll administrative controls, but from a systemic perspective budget preparation and budget credibility i...
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| Format: | Public Expenditure Review |
| Language: | English en_US |
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World Bank, Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2013/06/20217611/panama-public-expenditure-financial-accountability http://hdl.handle.net/10986/20419 |
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okr-10986-204192021-04-23T14:03:55Z Republic of Panama : Public Expenditure and Financial Accountability World Bank Inter-American Development Bank BUDGETARY RESOURCES PUBLIC FINANCES REFORM PUBLIC FINANCES MODERNIZATION PUBLIC FINANCIAL MANAGEMENT REFORM PROGRESS SECTORAL INVESTMENT PLAN SERVICE DELIVERY Panama's public financial management (PFM) system displays several strengths with respect to the fiscal position, debt management, and payroll administrative controls, but from a systemic perspective budget preparation and budget credibility issues undermine the efficiency of sectoral investment plans and make it difficult to advance on other improvements in the public sector. An efficient and transparent allocation of budgetary resources allows the government to achieve value for money in delivering public services. This assessment is undertaken at the request of the Government of Panama (GoP) which is in the process of reforming and modernizing its public finances, and is therefore interested in establishing both a baseline for future PFM performance measures and the degree of management alignment to internationally accepted best practices. The public expenditure and financial accountability (PEFA) methodology provides relevant information on current management and will allow establishment or adjustment of a reform strategy to improve PFM quality. This PEFA assessment provides a reference and a baseline for two projects and a baseline for the GoP to measure progress of the current reform. The projects are: (i) the program to strengthen fiscal management financed by Inter-American Development Bank (IADB), and (ii) the enhanced public sector efficiency technical assistance loan financed by World Bank (WB). 2014-10-14T14:01:57Z 2014-10-14T14:01:57Z 2013-07 http://documents.worldbank.org/curated/en/2013/06/20217611/panama-public-expenditure-financial-accountability http://hdl.handle.net/10986/20419 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Economic & Sector Work :: Public Expenditure Review Latin America & Caribbean Panama |
| 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 |
BUDGETARY RESOURCES PUBLIC FINANCES REFORM PUBLIC FINANCES MODERNIZATION PUBLIC FINANCIAL MANAGEMENT REFORM PROGRESS SECTORAL INVESTMENT PLAN SERVICE DELIVERY |
| spellingShingle |
BUDGETARY RESOURCES PUBLIC FINANCES REFORM PUBLIC FINANCES MODERNIZATION PUBLIC FINANCIAL MANAGEMENT REFORM PROGRESS SECTORAL INVESTMENT PLAN SERVICE DELIVERY World Bank Inter-American Development Bank Republic of Panama : Public Expenditure and Financial Accountability |
| geographic_facet |
Latin America & Caribbean Panama |
| description |
Panama's public financial
management (PFM) system displays several strengths with
respect to the fiscal position, debt management, and payroll
administrative controls, but from a systemic perspective
budget preparation and budget credibility issues undermine
the efficiency of sectoral investment plans and make it
difficult to advance on other improvements in the public
sector. An efficient and transparent allocation of budgetary
resources allows the government to achieve value for money
in delivering public services. This assessment is undertaken
at the request of the Government of Panama (GoP) which is in
the process of reforming and modernizing its public
finances, and is therefore interested in establishing both a
baseline for future PFM performance measures and the degree
of management alignment to internationally accepted best
practices. The public expenditure and financial
accountability (PEFA) methodology provides relevant
information on current management and will allow
establishment or adjustment of a reform strategy to improve
PFM quality. This PEFA assessment provides a reference and a
baseline for two projects and a baseline for the GoP to
measure progress of the current reform. The projects are:
(i) the program to strengthen fiscal management financed by
Inter-American Development Bank (IADB), and (ii) the
enhanced public sector efficiency technical assistance loan
financed by World Bank (WB). |
| format |
Economic & Sector Work :: Public Expenditure Review |
| author |
World Bank Inter-American Development Bank |
| author_facet |
World Bank Inter-American Development Bank |
| author_sort |
World Bank |
| title |
Republic of Panama : Public Expenditure and Financial Accountability |
| title_short |
Republic of Panama : Public Expenditure and Financial Accountability |
| title_full |
Republic of Panama : Public Expenditure and Financial Accountability |
| title_fullStr |
Republic of Panama : Public Expenditure and Financial Accountability |
| title_full_unstemmed |
Republic of Panama : Public Expenditure and Financial Accountability |
| title_sort |
republic of panama : public expenditure and financial accountability |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2013/06/20217611/panama-public-expenditure-financial-accountability http://hdl.handle.net/10986/20419 |
| _version_ |
1764445254860144640 |