Country: Malta Presenter: Noel Bezzina Ministry of Finance, the Economy and Investment
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1 What is transparent, comprehensive and effective budget classification from the perspective of the Government and of the Parliament? Focus on Public Entities Country: Malta Presenter: Noel Bezzina Ministry of Finance, the Economy and Investment
2 Financial Estimates 2011 Income and Expenditure Independent Bodies Ex: National Audit Office Ministries and respective departments Personal Emoluments Operational and Maintenance Expenses Programmes and Incentives Contributions to Government Entities
3 Personal Emoluments Includes Wage Bill of Ministry and respective departments
4 Operational and Maintenance Expenses Includes other running costs. Examples include: Utilities Material and Supplies Transport Training Rent
5 Programmes and Initiatives Includes other specific programmes. Examples include: Census of Housing and Population Training in Entrepreneurship Quality Improvement Programme Breast Screening exercise
6 Contributions to Government Entities Includes Subvention given to entities in respect of: (a) Recurrent expenditure; and (b) Capital expenditure
7 Contributions to Government Entities 30.00% Subvention as a % of Total Recurrent Expenditure for Ministry 25.00% 20.00% 15.00% 10.00% 5.00% Subvention as a % of Total Recurrent Expenditure for Ministry 0.00%
8 Contributions to Government Entities Qualities of data for transparent, comprehensive and effective budget classification: Consistency Level of Aggregation Uniformity
9 Consistency Budgeting Monitoring Use of financial plans where entities are requested to provide their projections for the following year. Use of FDRS (Financial Data Reporting System) where entities are requested to provide their actual results on a monthly/quarterly basis.
10 Level of Aggregation Disaggregation Over Aggregation Focus on unnecessary detail Difficult to be followed up Usually leads to lack of uniformity in reporting between an entity and another Much harder to identify red lights Deterioration of transparency
11 Uniformity Ministries Entities DAS FDRS Consolidation
12 Delimitation of the General Government Sector ESA 95 PUBLIC SECTOR GENERAL GOVERNMENT PUBLIC CORPORATIONS Central Government Local Government Public Financial Corporations (Including Central Bank) Public Non-Financial Corporations Budgetary Central Government Extra Budgetary Units 68 Local Councils
13 Delimitation of the General Government Sector ESA 95 The General Government sector consists of all institutional units which are other non-market producers whose output is intended for individual and collective consumption and are controlled and mainly financed by Government through a subvention. The sub-sectors consists of : Central Government Local Government (In Malta we do not have State Government and Social Security Funds sub-sectors)
14 Delimitation of the General Government Sector ESA 95 Central Government Ministries and Government Departments (Budgetary Central Government) Extra Budgetary Units (EBUs) which have been classified as falling within this sub-sector. Examples: EBU Non-EBU
15 Delimitation of the General Government Sector ESA 95 ESA Manual on Government Deficit and Debt sets clear guidelines on the classification of EBUs Most important considerations are: Is the entity an institutional unit? - A unit must be entitled to own goods or assets in its own right, be able to incur liabilities on its own behalf and keep a complete set of accounts. Is the public institutional unit market or non-market? - Non-market producers provide all or most of their output to others free of charge or at prices that are not economically significant. Are more than 50% of production costs covered by sales? - For the market / non-market test, production costs are the sum of the intermediate consumption, compensation of employees and consumption of fixed capital. Sales are mainly the sales of goods and services. Government enterprises are classified inside general government when the market / non-market ratio is less than 50%
16 Thank you for your attention Contact Details of Presenter -: Tel. No. :
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