Ecuador : Country Financial Accountability Assessment
Despite positive economic signals in 2002 and 2003, Ecuador's public finances remain precarious because of weaknesses in government systems and oversight for the non-financial public sector and dependence on volatile fiscal revenue from oil. More than 96 percent of total public expenditure is f...
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| Format: | Country Financial Accountability Assessment |
| Language: | English en_US |
| Published: |
Washington, DC
2012
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2005/06/6575253/ecuador-country-financial-accountability-assessment http://hdl.handle.net/10986/8451 |
| id |
okr-10986-8451 |
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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 |
ACCOUNTING AGGREGATE FISCAL DISCIPLINE ANNUAL BUDGET ANNUAL FINANCIAL STATEMENTS APPROPRIATIONS BANKING SECTOR BORROWING BUDGET BUDGET ALLOCATIONS BUDGET COMMITTEE BUDGET COVERAGE BUDGET COVERS BUDGET CYCLE BUDGET DECISIONS BUDGET EXECUTION BUDGET FORMULATION BUDGET LAW BUDGET MANAGEMENT BUDGET PERFORMANCE BUDGET POLICIES BUDGET PRIORITIES BUDGET PROCESS BUDGET PROPOSALS BUDGET STATEMENT BUDGET SUPPORT BUDGET SYSTEM BUDGETARY RESOURCES CAPITAL EXPENDITURES CASH FLOW CASH MANAGEMENT CASH RATIONING CENTRAL ADMINISTRATION CENTRAL BANK CENTRAL GOVERNMENT CITIZENS CIVIL SOCIETY CORRUPTION CREDITWORTHINESS CURRENT BUDGET DATA COLLECTION DEBT DEBT SERVICE DECISION MAKING ECONOMIC DEVELOPMENT ECONOMIC GROWTH EXTERNAL AUDIT FIGHTING CORRUPTION FINANCIAL ACCOUNTABILITY FINANCIAL ACCOUNTING FINANCIAL ADMINISTRATION FINANCIAL AUDITS FINANCIAL AUTONOMY FINANCIAL INFORMATION FINANCIAL INFORMATION SYSTEM FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEM FINANCIAL MANAGEMENT SYSTEMS FINANCIAL PERFORMANCE FINANCIAL PUBLIC SECTOR FINANCIAL REPORTING FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL STATEMENTS FINANCIAL TRANSACTIONS FISCAL DECENTRALIZATION FISCAL DISCIPLINE FISCAL MANAGEMENT FISCAL TRANSPARENCY GOOD GOVERNANCE GOVERNANCE PROCESSES GOVERNMENT EXPENDITURE GOVERNMENT EXPENDITURES INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL CAPACITY INSTITUTIONAL FRAMEWORK INSTITUTIONAL REFORM INSURANCE INTERNAL AUDIT INTERNAL AUDIT UNITS INTERNAL CONTROL INTERNAL CONTROL FRAMEWORK MACROECONOMIC CONDITIONS MANAGEMENT MINISTRY OF FINANCE NATIONAL BUDGET NATIONAL GOVERNMENTS OPERATIONS PARLIAMENT PER CAPITA INCOME PERFORMANCE INDICATORS PRIVATE SECTOR PUBLIC PUBLIC ADMINISTRATION PUBLIC DEBT PUBLIC DEBT MANAGEMENT PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC EXPENDITURE REVIEW PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC FINANCES PUBLIC FINANCIAL MANAGEMENT PUBLIC FINANCIAL MANAGEMENT SYSTEM PUBLIC FINANCIAL MANAGEMENT SYSTEMS PUBLIC FUNDS PUBLIC INSTITUTIONS PUBLIC INVESTMENT PUBLIC PROCUREMENT PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR MANAGEMENT PUBLIC SECTOR SPECIALIST PUBLIC SECTOR WAGES PUBLIC SERVICE PUBLIC SERVICE DELIVERY PUBLIC SPENDING PUBLIC WORKS REFORM PROGRAMS REGULATORY FRAMEWORK RESOURCE ALLOCATION REVENUE MANAGEMENT SOCIAL SECURITY SOCIAL WELFARE TELECOMMUNICATIONS TRANSPARENCY TREASURY |
| spellingShingle |
ACCOUNTING AGGREGATE FISCAL DISCIPLINE ANNUAL BUDGET ANNUAL FINANCIAL STATEMENTS APPROPRIATIONS BANKING SECTOR BORROWING BUDGET BUDGET ALLOCATIONS BUDGET COMMITTEE BUDGET COVERAGE BUDGET COVERS BUDGET CYCLE BUDGET DECISIONS BUDGET EXECUTION BUDGET FORMULATION BUDGET LAW BUDGET MANAGEMENT BUDGET PERFORMANCE BUDGET POLICIES BUDGET PRIORITIES BUDGET PROCESS BUDGET PROPOSALS BUDGET STATEMENT BUDGET SUPPORT BUDGET SYSTEM BUDGETARY RESOURCES CAPITAL EXPENDITURES CASH FLOW CASH MANAGEMENT CASH RATIONING CENTRAL ADMINISTRATION CENTRAL BANK CENTRAL GOVERNMENT CITIZENS CIVIL SOCIETY CORRUPTION CREDITWORTHINESS CURRENT BUDGET DATA COLLECTION DEBT DEBT SERVICE DECISION MAKING ECONOMIC DEVELOPMENT ECONOMIC GROWTH EXTERNAL AUDIT FIGHTING CORRUPTION FINANCIAL ACCOUNTABILITY FINANCIAL ACCOUNTING FINANCIAL ADMINISTRATION FINANCIAL AUDITS FINANCIAL AUTONOMY FINANCIAL INFORMATION FINANCIAL INFORMATION SYSTEM FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEM FINANCIAL MANAGEMENT SYSTEMS FINANCIAL PERFORMANCE FINANCIAL PUBLIC SECTOR FINANCIAL REPORTING FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL STATEMENTS FINANCIAL TRANSACTIONS FISCAL DECENTRALIZATION FISCAL DISCIPLINE FISCAL MANAGEMENT FISCAL TRANSPARENCY GOOD GOVERNANCE GOVERNANCE PROCESSES GOVERNMENT EXPENDITURE GOVERNMENT EXPENDITURES INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL CAPACITY INSTITUTIONAL FRAMEWORK INSTITUTIONAL REFORM INSURANCE INTERNAL AUDIT INTERNAL AUDIT UNITS INTERNAL CONTROL INTERNAL CONTROL FRAMEWORK MACROECONOMIC CONDITIONS MANAGEMENT MINISTRY OF FINANCE NATIONAL BUDGET NATIONAL GOVERNMENTS OPERATIONS PARLIAMENT PER CAPITA INCOME PERFORMANCE INDICATORS PRIVATE SECTOR PUBLIC PUBLIC ADMINISTRATION PUBLIC DEBT PUBLIC DEBT MANAGEMENT PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC EXPENDITURE REVIEW PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC FINANCES PUBLIC FINANCIAL MANAGEMENT PUBLIC FINANCIAL MANAGEMENT SYSTEM PUBLIC FINANCIAL MANAGEMENT SYSTEMS PUBLIC FUNDS PUBLIC INSTITUTIONS PUBLIC INVESTMENT PUBLIC PROCUREMENT PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR MANAGEMENT PUBLIC SECTOR SPECIALIST PUBLIC SECTOR WAGES PUBLIC SERVICE PUBLIC SERVICE DELIVERY PUBLIC SPENDING PUBLIC WORKS REFORM PROGRAMS REGULATORY FRAMEWORK RESOURCE ALLOCATION REVENUE MANAGEMENT SOCIAL SECURITY SOCIAL WELFARE TELECOMMUNICATIONS TRANSPARENCY TREASURY World Bank Ecuador : Country Financial Accountability Assessment |
| geographic_facet |
Latin America & Caribbean America South America Ecuador |
| description |
Despite positive economic signals in 2002 and 2003, Ecuador's public finances remain precarious because of weaknesses in government systems and oversight for the non-financial public sector and dependence on volatile fiscal revenue from oil. More than 96 percent of total public expenditure is fixed (public sector wages and salaries, social security benefits, debt service, and other contractual arrangements), reducing the scope for discretionary spending. The strategic objective of the present CFAA is to contribute to strengthening of Ecuador's economic governance, and associated social and economic development, identifying weaknesses and recommending remedial action in areas where current public financial management institutional arrangements, practices and systems, limit the efficiency and transparency of public sector management. This being the first CFAA for Ecuador, the study reviewed the practices and systems of the Central administration of Government. The report's main recommendations include consolidating existing laws and regulations on public financial management and modernizing the legal framework; preparing and implementing supporting regulations on budget management and performance, and enhancing civil society's capacity to scrutinize public finances; upgrading information systems; improving operational procedures; designing and implementing a capacity building program to upgrade the accounting framework; elaborating a borrowing policy and developing procedural manuals; strengthening internal audit units; strengthen the Supreme Audit Institution; improve legislative scrutiny of government spending; upgrade the Government's Internet portal, and provide more user-friendly access to information on budget execution and financial performance. |
| format |
Economic & Sector Work :: Country Financial Accountability Assessment |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Ecuador : Country Financial Accountability Assessment |
| title_short |
Ecuador : Country Financial Accountability Assessment |
| title_full |
Ecuador : Country Financial Accountability Assessment |
| title_fullStr |
Ecuador : Country Financial Accountability Assessment |
| title_full_unstemmed |
Ecuador : Country Financial Accountability Assessment |
| title_sort |
ecuador : country financial accountability assessment |
| publisher |
Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2005/06/6575253/ecuador-country-financial-accountability-assessment http://hdl.handle.net/10986/8451 |
| _version_ |
1764405436223586304 |
| spelling |
okr-10986-84512021-04-23T14:02:39Z Ecuador : Country Financial Accountability Assessment World Bank ACCOUNTING AGGREGATE FISCAL DISCIPLINE ANNUAL BUDGET ANNUAL FINANCIAL STATEMENTS APPROPRIATIONS BANKING SECTOR BORROWING BUDGET BUDGET ALLOCATIONS BUDGET COMMITTEE BUDGET COVERAGE BUDGET COVERS BUDGET CYCLE BUDGET DECISIONS BUDGET EXECUTION BUDGET FORMULATION BUDGET LAW BUDGET MANAGEMENT BUDGET PERFORMANCE BUDGET POLICIES BUDGET PRIORITIES BUDGET PROCESS BUDGET PROPOSALS BUDGET STATEMENT BUDGET SUPPORT BUDGET SYSTEM BUDGETARY RESOURCES CAPITAL EXPENDITURES CASH FLOW CASH MANAGEMENT CASH RATIONING CENTRAL ADMINISTRATION CENTRAL BANK CENTRAL GOVERNMENT CITIZENS CIVIL SOCIETY CORRUPTION CREDITWORTHINESS CURRENT BUDGET DATA COLLECTION DEBT DEBT SERVICE DECISION MAKING ECONOMIC DEVELOPMENT ECONOMIC GROWTH EXTERNAL AUDIT FIGHTING CORRUPTION FINANCIAL ACCOUNTABILITY FINANCIAL ACCOUNTING FINANCIAL ADMINISTRATION FINANCIAL AUDITS FINANCIAL AUTONOMY FINANCIAL INFORMATION FINANCIAL INFORMATION SYSTEM FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEM FINANCIAL MANAGEMENT SYSTEMS FINANCIAL PERFORMANCE FINANCIAL PUBLIC SECTOR FINANCIAL REPORTING FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL STATEMENTS FINANCIAL TRANSACTIONS FISCAL DECENTRALIZATION FISCAL DISCIPLINE FISCAL MANAGEMENT FISCAL TRANSPARENCY GOOD GOVERNANCE GOVERNANCE PROCESSES GOVERNMENT EXPENDITURE GOVERNMENT EXPENDITURES INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL CAPACITY INSTITUTIONAL FRAMEWORK INSTITUTIONAL REFORM INSURANCE INTERNAL AUDIT INTERNAL AUDIT UNITS INTERNAL CONTROL INTERNAL CONTROL FRAMEWORK MACROECONOMIC CONDITIONS MANAGEMENT MINISTRY OF FINANCE NATIONAL BUDGET NATIONAL GOVERNMENTS OPERATIONS PARLIAMENT PER CAPITA INCOME PERFORMANCE INDICATORS PRIVATE SECTOR PUBLIC PUBLIC ADMINISTRATION PUBLIC DEBT PUBLIC DEBT MANAGEMENT PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC EXPENDITURE REVIEW PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC FINANCES PUBLIC FINANCIAL MANAGEMENT PUBLIC FINANCIAL MANAGEMENT SYSTEM PUBLIC FINANCIAL MANAGEMENT SYSTEMS PUBLIC FUNDS PUBLIC INSTITUTIONS PUBLIC INVESTMENT PUBLIC PROCUREMENT PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR MANAGEMENT PUBLIC SECTOR SPECIALIST PUBLIC SECTOR WAGES PUBLIC SERVICE PUBLIC SERVICE DELIVERY PUBLIC SPENDING PUBLIC WORKS REFORM PROGRAMS REGULATORY FRAMEWORK RESOURCE ALLOCATION REVENUE MANAGEMENT SOCIAL SECURITY SOCIAL WELFARE TELECOMMUNICATIONS TRANSPARENCY TREASURY Despite positive economic signals in 2002 and 2003, Ecuador's public finances remain precarious because of weaknesses in government systems and oversight for the non-financial public sector and dependence on volatile fiscal revenue from oil. More than 96 percent of total public expenditure is fixed (public sector wages and salaries, social security benefits, debt service, and other contractual arrangements), reducing the scope for discretionary spending. The strategic objective of the present CFAA is to contribute to strengthening of Ecuador's economic governance, and associated social and economic development, identifying weaknesses and recommending remedial action in areas where current public financial management institutional arrangements, practices and systems, limit the efficiency and transparency of public sector management. This being the first CFAA for Ecuador, the study reviewed the practices and systems of the Central administration of Government. The report's main recommendations include consolidating existing laws and regulations on public financial management and modernizing the legal framework; preparing and implementing supporting regulations on budget management and performance, and enhancing civil society's capacity to scrutinize public finances; upgrading information systems; improving operational procedures; designing and implementing a capacity building program to upgrade the accounting framework; elaborating a borrowing policy and developing procedural manuals; strengthening internal audit units; strengthen the Supreme Audit Institution; improve legislative scrutiny of government spending; upgrade the Government's Internet portal, and provide more user-friendly access to information on budget execution and financial performance. 2012-06-19T18:27:18Z 2012-06-19T18:27:18Z 2005-06 http://documents.worldbank.org/curated/en/2005/06/6575253/ecuador-country-financial-accountability-assessment http://hdl.handle.net/10986/8451 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 America South America Ecuador |