Financial management and control of public agencies
|
|
- Kristin Dickerson
- 6 years ago
- Views:
Transcription
1 Financial management and control of public agencies High-level Forum on the Governance of Public Agencies and Authorities Bratislava- 23 November 2001 François-Roger Cazala Principal administrator SIGMA
2 A presentation based on a survey carried out in the framework of the SIGMA Programme SIGMA papers No. 32 (September 2002)
3 5 country reports : a representative sample of Western experience France, Netherlands, Portugal, United Kingdom, Sweden
4 Creation of agencies to improve financial management and control of public bodies Insulating decisions from politics Clear identification of responsibilities Better accountability schemes Increasing economy and efficiency Introducing new management schemes (e.g.accrual accounting, internal audit)
5 Typical financial risks identified Illegal allocation of public money or misuse of public assets Debt risks Corrupt practices Circumvention of financial and administrative rules by parent ministries or other parties Insufficient consolidation of agencies accounts in government financial reports (reporting risk) Weak or absent accountability arrangements
6 Financial management and control framework of public agencies : Suggested approaches General Issues Choosing and classifying agency models Legal status Budget review and control Specific Issues Real property assets Agency revenue policy Cash programmes administered on behalf of Government Earmarked contributions Accounting, reporting and auditing
7 Choosing and classifying agency models NOT importing a foreign model but first analysing the specific objectives, risks and management incentives that are most important in the country s context Classifying the various possible models of semiautonomous agencies in accordance with national priorities and concerns (e.g. degree of decisionmaking or financial autonomy) Choosing the appropriate degree of autonomy for a new agency should include an assessment of the associated financial risk
8 Legal status A key common distinction : agencies established under company law vs. other agencies Distinction should pertain to the type of activities entrusted to the agency
9 Budget review and control (agencies functioning under market conditions) Government normally plays the same role as a shareholder as defined in company law or equivalent Special features to cover risks for public finance investment selection control on overall wage costs segregated business plan and reporting for public duties carried out by the agency application of public procurement law
10 Budget review and control (agencies dependant on State budget support) Budget formulation process should in general follow the normal review standards applied to the traditional budget review and directly involve the finance ministry Special attention should be paid to the oversight of staffing and personnel costs Transactions preferably performed within the State treasury system Central ex ante control procedures when existing should be gradually replaced by management control practices under guidance of the finance ministry
11 Real property assets Risks : alienation or inadequate maintenance of national patrimony elements Suggested control arrangement : supervision of the agency use of real property assets to ensure strict confinement to the agency mandate Borrowing Risks : creating public debt beyond limits set up by Government or Parliament Suggested control arrangements : agency borrowing to be subject to government oversight, proportionate to the degree of responsibility assumed by the State, including prior approval by the finance ministry as appropriate
12 Agency revenue policy Risk : agency outputs priced at unnecessary high levels, prices not determined by market discipline, non-transparent price-setting Suggested control arrangements : agency revenue policy subject to government s review in the context of annual budget or equivalent procedure, full cost recovery as basis for price-setting
13 Cash programmes administered on behalf of government Risk : using programmes resources to cover agency running costs Suggested control arrangements : separate accounting for cash programmes and for operating budget Earmarked contributions Risk : lack of definition or monitoring of earmarked contributions Suggested control arrangements : earmarked contributions accompanied by written conditions regulated by the Finance Ministry, donor s monitoring and audit arrangements in place
14 Accounting, reporting and auditing Commercial-type agencies should conform to the highest private sector standards. Higher standards could be needed to safeguard the principles of transparency in public finance Other agencies are encouraged to progressively adopt internationally accepted standards for accounting and reporting All public agencies should fall into the remit of the country s Supreme Audit Institution, the type of audit performed depending on the nature and status of the agency
15 Conclusions Financial autonomy of agencies does not mean full independence Increased managerial responsibility implies increased accountability systems and procedures both for agencies and parent public bodies Need to balance autonomous management (to ensure efficiency) and central government supervision (to safeguard basic public finance concerns) An innovative development in the framework of EU-accession : the accreditation of public agencies
Paper 3 Measuring Performance in Public Financial Management
Paper 3 Measuring Performance in Public Financial Management Key Issues 1. Effective financial management of public resources is essential to achieve the objectives of development programmes. It also promotes
More informationManagerial Accountability in Budget Execution. Bill Dorotinsky Sector Manager, World Bank Co-lead, Global Expert Team on Public Sector Performance
Managerial Accountability in Budget Execution Bill Dorotinsky Sector Manager, World Bank Co-lead, Global Expert Team on Public Sector Performance Outline Context objectives of PFM Systems Managerial Accountability
More informationRecommendation of the Council on Good Practices for Public Environmental Expenditure Management
Recommendation of the Council on for Public Environmental Expenditure Management ENVIRONMENT 8 June 2006 - C(2006)84 THE COUNCIL, Having regard to Article 5 b) of the Convention on the Organisation for
More informationPRIORITIES TURKEY MAY Authorised for publication by Karen Hill, Head of the SIGMA Programme
PRIORITIES TURKEY MAY 2014 Authorised for publication by Karen Hill, Head of the SIGMA Programme These priorities have been produced with the financial assistance of the European Union. They should not
More informationEx-ante Impact Assessment Unit
Ex-ante Impact Assessment Unit Directorate for Impact Assessment and European Added Value 5 December 2013 The Directorate for Impact Assessment and European Added Value Lisbon Treaty (2009): European Parliament
More informationPublic Financial Management Reforms and Gender Responsive Budgeting. Jens Kovsted
Public Financial Management Reforms and Gender Responsive Budgeting Jens Kovsted jak.cebr@cbs.dk Outline 1. Key concepts 2. The budget cycle 3. Different types of PFM reform 4. Gender responsive budgeting
More informationSIGMA Support for Improvement in Governance and Management A joint initiative of the OECD and the European Union, principally financed by the EU
SIGMA Support for Improvement in Governance and Management A joint initiative of the OECD and the European Union, principally financed by the EU KOSOVO PUBLIC INTERNAL FINANCIAL CONTROL (PIFC) ASSESSMENT
More informationCOUNCIL DECISION 2011/411/CFSP
L 183/16 Official Journal of the European Union 13.7.2011 DECISIONS COUNCIL DECISION 2011/411/CFSP of 12 July 2011 defining the statute, seat and operational rules of the European Defence Agency and repealing
More informationThe bank safety net: institutions and rules for preserving the stability of the banking system
The bank safety net: institutions and rules for preserving the stability of the banking system Professor Dr. Christos V. Gortsos Professor of Public Economic Law, Law School, National and Kapodistrian
More informationThe Role of Budget Institutions
The Role of Budget Institutions Controlling Public Spending in Advanced Economies Ministry of Economy and Finance Rome, November 14-15, 2011 International Monetary Fund Marco Cangiano OUTLINE I. Budget
More informationMANAGERIAL ACCOUNTABILITY AND RISK MANAGEMENT
MANAGERIAL ACCOUNTABILITY AND RISK MANAGEMENT concept and practical implementation Discussion paper I Introduction The objective of this discussion paper is to explain the concept of managerial accountability
More informationDESK REVIEW UNDP AFGHANISTAN OVERSIGHT OF THE MONITORING AGENT OF THE LAW AND ORDER TRUST FUND FOR AFGHANISTAN
UNITED NATIONS DEVELOPMENT PROGRAMME DESK REVIEW OF UNDP AFGHANISTAN OVERSIGHT OF THE MONITORING AGENT OF THE LAW AND ORDER TRUST FUND FOR AFGHANISTAN Report No. 1310 Issue Date: 9 October 2014 Table of
More informationPublic Administration Reform Strategy a Framework Document for the Public Financial Management Reform
Public Financial Management Reform: Trends and Lessons Learned The Experience of Bosnia and Herzegovina Public Administration Reform Strategy a Framework Document for the Public Financial Management Reform
More informationGood practices in pension supervision in the OECD area. Fiona Stewart Bangkok, April 2005
Good practices in pension supervision in the OECD area Fiona Stewart Bangkok, April 2005 OECD/INPRS work on private pension supervision - 2003/2004 Supervisory structures: survey on 20 OECD countries and
More informationThe challenges of European banking sector reform. José Manuel González-Páramo
The challenges of European banking sector reform XCIII Meeting of Central Bank Governors of CEMLA José Manuel González-Páramo Member of the Executive Board and Governing Council of the European Central
More informationAudit communication and reporting
Audit communication and reporting Report of the Auditor-General to Parliament or the Provincial Legislature on the financial statements and performance information Content Report on the financial statements
More informationManagerial Accountability Global Experience
CD 10 Managerial Accountability Global Experience Bill Dorotinsky Sector Manager, World Bank Co-lead, Global Expert Team on Public Sector Performance Brussels February 27, 2012 The World Bank 1 Outline
More informationBUDGET REFORM IN TURKEY
BUDGET REFORM IN TURKEY Dogan ALANTAR Head of Department St. Petersburg June 25, 2009 1 OUTLINE I. MILESTONES OF THE REFORM II. CHANGES INTRODUCED BY NEW PFMC LAW Fiscal Discipline Multi-year Budgeting
More informationMAKING LINE MINISTRIES RESPONSIBLE FOR BUDGETARY DISCIPLINE
MINISTRY OF FINANCE BULGARIA MAKING LINE MINISTRIES RESPONSIBLE FOR BUDGETARY DISCIPLINE September 2010 Budva, Montenegro Iani Ivanov Budget Directorate EVOLUTION OF REFORMS Aggregate fiscal control Reasonably
More informationOverview of the Budget Cycle. Karen Rono Development Initiatives
Overview of the Budget Cycle Karen Rono Development Initiatives Outline The national budget: what it is, and how it should look like The budget Process: what are the 4 main stages of the process Why do
More informationCOMMISSION OF THE EUROPEAN COMMUNITIES COMMUNICATION FROM THE COMMISSION TO THE COUNCIL AND TO THE EUROPEAN PARLIAMENT
COMMISSION OF THE EUROPEAN COMMUNITIES Brussels, 20.10.2004 COM(2004) 681 final COMMUNICATION FROM THE COMMISSION TO THE COUNCIL AND TO THE EUROPEAN PARLIAMT on Commission Decisions of 20 October 2004
More informationREPORT 2016/054 INTERNAL AUDIT DIVISION
INTERNAL AUDIT DIVISION REPORT 2016/054 Audit of selected subprogrammes and related technical cooperation projects in the Economic Commission for Europe Overall results relating to the effective management
More informationPRIORITIES ALBANIA MAY 2013
www.sigmaweb.org PRIORITIES ALBANIA MAY 2013 This document has been produced with the financial assistance of the European Union. The views expressed herein can in no way be taken to reflect the official
More informationIs a Corporate Foundation for You?
IMAGINE CANADA AND VOLUNTEER CANADA 2011 Canadian Business & Community Partnership Forum & Awards Montebello June 9, 2011 Is a Corporate Foundation for You? By Karen J. Cooper, LL.B., LL.L., TEP kcooper@carters.ca
More informationSudan. Sudan is a lower-middle income country with a gross national income (GNI) of USD 1 220
00 Sudan INTRODUCTION Sudan is a lower-middle income country with a gross national income (GNI) of USD 1 220 per capita (2009) which has grown at an average rate of 7% per annum since 2005 (WDI, 2011).
More informationExternal Audit. April 2012
External Audit April 2012 Audit Definition Ex post review of the books of account, financial statements, records of transactions & financial systems Examines the adequacy of accounting systems & procedures,
More informationEuropean Commission Directorate General for Development and Cooperation - EuropeAid
European Commission Directorate General for Development and Cooperation - EuropeAid Practical guide to procedures for programme estimates (project approach) Version 4.0 December 2012 CONTENTS 1. INTRODUCTION...
More informationOECD Budget Review of Portugal: Main Findings
OECD Budget Review of Portugal: Main Findings 7 th Annual Meeting of Latin American Senior Budget Officials Santiago, Chile. January 26-29, 2009 Teresa Curristine Budgeting and Public Expenditures Division
More informationThe Swedish Fiscal Framework and the Fiscal Policy Council. Lars Calmfors Workshop on Fiscal Rules and Institutions OECD, 22 March, 2010
The Swedish Fiscal Framework and the Fiscal Policy Council Lars Calmfors Workshop on Fiscal Rules and Institutions OECD, 22 March, 2010 General government net lending in Sweden, per cent of GDP 6 4 2 0-2
More informationSTRATEGY OF PUBLIC INTERNAL FINANCIAL CONTROL DEVELOPMENT IN THE REPUBLIC OF SERBIA FOR THE PERIOD OF
Ministry of Finance STRATEGY OF PUBLIC INTERNAL FINANCIAL CONTROL DEVELOPMENT IN THE REPUBLIC OF SERBIA FOR THE PERIOD OF 2017-2020 www.mfin.gov.rs REPUBLIC OF SERBIA MINISTRY OF FINANCE TABLE OF CONTENTS
More informationGovernance and Investment Management of Public Pension Funds. Dimitri Vittas November 2008
Governance and Investment Management of Public Pension Funds Dimitri Vittas November 2008 1 Outline of Paper Types and Role of Public Pension Funds. Past Poor Record and Weak Governance. Recent Initiatives
More informationMINISTRY OF ECONOMY AND FINANCE STATE GENERAL ACCOUNTING DEPARTMENT Research Division. Law 196 short note
MINISTRY OF ECONOMY AND FINANCE STATE GENERAL ACCOUNTING DEPARTMENT Research Division Law 196 short note Rome, February 2010 The main provisions Law 196 of 31 December 2009 reforms Italian public finances
More informationPUBLIC FINANCE MANAGEMENT SEMINAR. Overview of the PFM Regulations
PUBLIC FINANCE MANAGEMENT SEMINAR Overview of the PFM Regulations Mountain Breeze Hotel Embu, 28 th - 29 th September 2017 Uphold. Public. Interest Session Focus By the end of the session you will cover
More informationSustainability of Human Resources in EU Member States Preliminary Findings
Sustainability of Human Resources in EU Member States Preliminary Findings to be presented at the 54th Directors General Meeting E U P A N 14 June 2010 Salvador Parrado (UNED-Spanish Distance University
More information16 NOVEMBER Strategic goals
16 NOVEMBER 2016 Strategic goals 2017-2020 Introduction 2 Introduction The Swiss Financial Market Supervisory Authority FINMA is an independent, public law institution. Under Article 5 of the Financial
More informationREFORMS IN PUBLIC FINANCIAL MANAGEMENT IN THE CONTEXT OF GREECE'S ECONOMIC ADJUSTMENT PROGRAMMES
REFORMS IN PUBLIC FINANCIAL MANAGEMENT IN THE CONTEXT OF GREECE'S ECONOMIC ADJUSTMENT PROGRAMMES Hellenic Republic Ministry of Finance General Accounting Office of the State The Economic Adjustment Programmes
More informationOECD Guidelines on Corporate Governance for SOEs: Implementation in Ukraine
OECD Guidelines on Corporate Governance for SOEs: Implementation in Ukraine D R. A N D R I Y B O Y T S U N S T R A T E G I C A D V I S O R Y G R O U P F O R S U P P O R T I N G U K R A I N I A N R E F
More informationINCLUSIVE HOUSING FINANCE PROGRAM
Public Disclosure Authorized INCLUSIVE HOUSING FINANCE PROGRAM Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized 1. The assessment 1 indicates that the fiduciary systems
More informationBELARUS: NOTE on the REFORM of INTERNAL AUDIT
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized 70044 BELARUS: NOTE on the REFORM of INTERNAL AUDIT The government of Belarus requested
More informationGlossary of Key Terms for completing the 2012 OECD Budgeting Practices and Procedures Survey
Glossary of Key Terms for completing the 2012 OECD Budgeting Practices and Procedures Survey Accountability The existence of an obligation to demonstrate that work has been conducted in compliance with
More informationCZECH REPUBLIC. Radek Neužil Member of Presidium
CZECH REPUBLIC Member of Presidium Structure of the Czech Audit Public Oversight Council Council Structure 6 Presidium members appointed by the Minister of Finance 2 auditors (exception for one auditor
More informationRING-FENCING IN STRESS SITUATIONS
CEIOPS-OP-08-09 Rev6 10 May 2010 RING-FENCING IN STRESS SITUATIONS Supplement to CEIOPS Conclusions of the Initial Review of Key Aspects of the Implementation of the IORP Directive 1/45 TABLE OF CONTENTS
More informationFinancial Regulation. Applicable to the budget of the European Medicines Agency. 15 January 2014 EMA/MB/789566/2013 Management Board
15 January 2014 EMA/MB/789566/2013 Management Board Applicable to the budget of the European Medicines Agency 7 Westferry Circus Canary Wharf London E14 4HB United Kingdom Telephone +44 (0)20 7418 8400
More informationAUDIT UNDP COUNTRY OFFICE AFGHANISTAN FINANCIAL MANAGEMENT. Report No Issue Date: 10 December 2013
UNITED NATIONS DEVELOPMENT PROGRAMME AUDIT OF UNDP COUNTRY OFFICE IN AFGHANISTAN FINANCIAL MANAGEMENT Report No. 1233 Issue Date: 10 December 2013 Table of Contents Executive Summary i I. Introduction
More informationLegal and Institutional Frameworks Supporting Accountability in Budgeting and Service Delivery Performance. Veronika Meszarits, Mostar, 4-6 Dec 2007
Legal and Institutional Frameworks Supporting Accountability in Budgeting and Service Delivery Performance Veronika Meszarits, Mostar, 4-6 Dec 2007 1 Supporting performance accountability Introduction
More informationEx post evaluation Rwanda
Ex post evaluation Rwanda Sector: Public sector policy and administration (CRS 1511000) Programme/Project: 2001 66 546*, 2008 65 873, 2007 65 768, 2009 66 242, 2010 66 604; CP Programme to Promote Decentralisation
More informationOfficial Journal of the European Union L 140/11
27.5.2013 Official Journal of the European Union L 140/11 REGULATION (EU) No 473/2013 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 21 May 2013 on common provisions for monitoring and assessing draft
More informationCITIZEN ENGAGEMENT IN BUDGETING AND PUBLIC ACCOUNTABILITY
CITIZEN ENGAGEMENT IN BUDGETING AND PUBLIC ACCOUNTABILITY Emilia T. Boncodin Professor University of the Philippines 6 th Session Committee of Experts in Public Administration April 10 14, 2007 United
More informationANNUAL REVIEW BY THE COMMISSION. of Member States' Annual Activity Reports on Export Credits in the sense of Regulation (EU) No 1233/2011
EUROPEAN COMMISSION Brussels, 7.2.2017 COM(2017) 67 final ANNUAL REVIEW BY THE COMMISSION of Member States' Annual Activity Reports on Export Credits in the sense of Regulation (EU) No 1233/2011 EN EN
More informationStrengthening Medium Term Budget Frameworks
Strengthening Medium Term Budget Frameworks International Consortium on Governmental Financial Management Washington DC, 6 December, 2016 Taz Chaponda, Fiscal Affairs Department Outline Definitions Medium-Term
More informationArrangement on Officially Supported Export Credits
For Official Use Organisation de Coopération et de Développement Economiques Organisation for Economic Co-operation and Development 10-Mar-2005 English - Or. English TRADE DIRECTORATE For Official Use
More informationPMF. Protecting the Financial Interests of the State and of the European Union. Public Management Forum
ΣSIGMA Financial Control: Definitions and European Models Working Towards Fiscal Transparency in Hungary PMF Public Management Forum A Bimonthly Newsletter for Public Administration Practitioners in Central
More informationCE TEXTE N'EST DISPONIBLE QU'EN VERSION ANGLAISE
CE TEXTE N'EST DISPONIBLE QU' VERSION ANGLAISE ANNEX 1 1. IDTIFICATION Title/Number Support Services to the National Authorising Officer CRIS NO: FED/2009/021-496 Total cost Total: 315,800 (EC Contribution:
More informationTHE BUDGET EXECUTION CYCLE
CHAPTER 7 THE BUDGET EXECUTION CYCLE A. Objectives of Budget Execution 1. Importance of budget execution Budget execution is the phase where resources are used to implement policies incorporated in the
More informationIFAD Handbook for Financial Reporting and Auditing of IFAD-financed Projects
IFAD Handbook for Financial Reporting and Auditing of IFAD-financed Projects The IFAD Handbook for Financial Reporting and Auditing of is available online for public use and dissemination. It is primarily
More informationPUBLIC SECTOR ACCOUNTING DEVELOPMENTS. Credibility. Professionalism. AccountAbility
PUBLIC SECTOR ACCOUNTING DEVELOPMENTS Credibility. Professionalism. AccountAbility Session Objectives Legal framework of public sector accounting standards PSASB (K) and ICPAK PSASB s strategic direction
More informationCENTRAL BANK GOVERNANCE AND FINANCIAL STABILITY
CENTRAL BANK GOVERNANCE AND FINANCIAL STABILITY Gavin Bingham Secretary General Central Bank Governance Forum CEMLA Spring Meeting 13-14 May 2010 Buenos Aires 1 Lessons of the crisis for central banks
More informationOpinion No 9/2018. (pursuant to Article 287(4) TFEU)
Opinion No 9/2018 (pursuant to Article 287(4) TFEU) concerning the proposal for a Regulation of the European Parliament and of the Council establishing the EU Anti-Fraud Programme 12, rue Alcide De Gasperi
More informationPreface. ISSAI 4000: A general introduction to guidelines on compliance audit presenting an overall view on compliance audit
INTOSAI Compliance Audit Guidelines Court Model ISSAI 4300 1 Preface This document provides guidance on compliance audits performed by Supreme Audit Institutions (hereafter SAIs) which have a jurisdictional
More informationPROGRAM BUDGETING Methodology Budgeting for results
PROGRAM BUDGETING Methodology Budgeting for results October 2011 Franc Radman, M.A. Ministry of Finance franc.radman@mf-rs.si 1 Structure of the Presentation A. Methodical base for Program budgeting B.
More informationL 201/58 Official Journal of the European Union
L 201/58 Official Journal of the European Union 30.7.2008 DECISION No 743/2008/EC OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 9 July 2008 on the Community s participation in a research and development
More informationFRAMEWORK ADMINISTRATIVE AGREEMENT (the Agreement ) the INTERNATIONAL ORGANIZATION FOR MIGRATION (the "IOM" or
Annex 2 FRAMEWORK ADMINISTRATIVE AGREEMENT (the Agreement ) between the EUROPEAN UNION (the EU) and the INTERNATIONAL ORGANIZATION FOR MIGRATION (the "IOM" or the "Organisation") on actions administered
More informationAnnex 1. Action Fiche for Solomon Islands
Annex 1 Action Fiche for Solomon Islands 1. IDENTIFICATION Title/Number FED/2012/023-802 Second Solomon Islands Technical Cooperation Facility (TCF II) Total cost EUR 1,157,000 Aid method / Method of implementation
More informationI. DESCRIPTION OF THE PUBLIC CONTROL ENVIRONMENT IN CROATIA
I. DESCRIPTION OF THE PUBLIC CONTROL ENVIRONMENT IN CROATIA The Supreme Audit Institution (SAI) in Croatia (External Audit) 1. The SAI is requested to provide an extensive description of its tasks, responsibilities,
More informationACCREDITATION STANDARDS RELATED TO ANTI- MONEY-LAUNDERING / COUNTERING THE FINANCING OF TERRORISM
Adaptation Fund Board Ethics and Finance Committee Twenty-third meeting Bonn, Germany, 9-10 October 2018 9 September 2018 Agenda item 6 ACCREDITATION STANDARDS RELATED TO ANTI- MONEY-LAUNDERING / COUNTERING
More informationEuropean Investment Bank. EIB Policy towards weakly regulated, non-transparent and uncooperative jurisdictions
EIB Policy towards weakly regulated, non-transparent and uncooperative jurisdictions EIB Policy towards weakly regulated, non-transparent and uncooperative jurisdictions 15 December 2010 page 1 / 11 EIB
More information2 nd INDEPENDENT EXTERNAL EVALUATION of the EUROPEAN UNION AGENCY FOR FUNDAMENTAL RIGHTS (FRA)
2 nd INDEPENDENT EXTERNAL EVALUATION of the EUROPEAN UNION AGENCY FOR FUNDAMENTAL RIGHTS (FRA) TECHNICAL SPECIFICATIONS 15 July 2016 1 1) Title of the contract The title of the contract is 2nd External
More informationECB-PUBLIC OPINION OF THE EUROPEAN CENTRAL BANK. of 26 June on a systemic risk committee (CON/2014/46)
EN OPINION OF THE EUROPEAN CENTRAL BANK of 26 June 2014 on a systemic risk committee (CON/2014/46) Introduction and legal basis On 28 March 2014, the European Central Bank (ECB) received two requests from
More informationEuropean Commission United Nations Development Programme International IDEA
European Commission United Nations Development Programme International IDEA Joint Training on Effective Electoral Assistance DAY 4 Brussels, 22-26 October 2007 UNDP Delivery Methods in Electoral Assistance
More informationCountry: Malta Presenter: Noel Bezzina Ministry of Finance, the Economy and Investment
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
More informationSECTOR ASSESSMENT (SUMMARY): PUBLIC SECTOR MANAGEMENT 1
Country Partnership Strategy: Cambodia, 2014 2018 Sector Road Map SECTOR ASSESSMENT (SUMMARY): PUBLIC SECTOR MANAGEMENT 1 1. Sector Performance, Problems, and Opportunities 1. Lagging public sector management
More informationRECENT EVOLUTION AND OUTLOOK OF THE MEXICAN ECONOMY BANCO DE MÉXICO OCTOBER 2003
OCTOBER 23 RECENT EVOLUTION AND OUTLOOK OF THE MEXICAN ECONOMY BANCO DE MÉXICO 2 RECENT DEVELOPMENTS OUTLOOK MEDIUM-TERM CHALLENGES 3 RECENT DEVELOPMENTS In tandem with the global economic cycle, the Mexican
More informationImproving Allocative Efficiency and Budget Execution for Family Planning
Improving Allocative Efficiency and Budget Execution for Family Planning ATTAINING SUSTAINABLE FINANCING FOR FAMILY PLANNING IN SUB-SAHARAN AFRICA ACCRA, JANUARY 2018 LOYCE CHILIMSUNGWI and ADEEL ISHTIAQ
More informationDECREE. No. 163/2014 Coll. on the performance of the activities of banks, credit unions and investment firms
DECREE No. 163/2014 Coll. on the performance of the activities of banks, credit unions and investment firms The Czech National Bank stipulates, pursuant to Article 8b(7), Article 8c(3), Article 10a(3),
More informationEuropean Structural application: and Investment Funds
Quick appraisal of major project European Structural application: and Investment Funds Guidance for Member States on Article 38(4) CPR - Implementation options for financial instruments by or under the
More informationDECREE. No. 23/2014 Coll. on the performance of the activities of banks, credit unions and investment firms
DECREE No. 23/2014 Coll. on the performance of the activities of banks, credit unions and investment firms Pursuant to Article 8b(5), Article 11a(9), Article 12a(10), Article 15, Article 22(2), Article
More informationLegislatures and Budgeting. Paul L. Posner George Mason University
Legislatures and Budgeting Paul L. Posner George Mason University Given enough eyeballs, all errors are shallow Wikipedia OECD Working Group Meeting in Paris in October, 2006 Nine nations participating
More informationImproving Allocative Efficiency and Budget Execution for Family Planning
Improving Allocative Efficiency and Budget Execution for Family Planning ATTAINING SUSTAINABLE FINANCING FOR FAMILY PLANNING IN SUB-SAHARAN AFRICA ACCRA, JANUARY 2018 LOYCE CHILIMSUNGWI and ADEEL ISHTIAQ
More informationConference of the States Parties to the United Nations Convention against Corruption
United Nations CAC/COSP/WG.2/2018/3 Conference of the States Parties to the United Nations Convention against Corruption Distr.: General 26 March 2018 Original: English Open-ended Intergovernmental Working
More informationFiscal rules in Lithuania
Fiscal rules in Lithuania Algimantas Rimkūnas Vice Minister, Ministry of Finance of Lithuania 3 June, 2016 Evolution of National and EU Fiscal Regulations Stability and Growth Pact (SGP) Maastricht Treaty
More informationGOOD PRACTICE CASE STUDY BANGLADESH: CAPACITY DEVELOPMENT IN PUBLIC FINANCIAL MANAGEMENT 1 BACKGROUND
GOOD PRACTICE CASE STUDY BANGLADESH: CAPACITY DEVELOPMENT IN PUBLIC FINANCIAL MANAGEMENT 1 BACKGROUND 1. This case study reviews the efforts of Government of Bangladesh (GoB) to develop capacity in and
More informationCCNM/SIGMA/PUMA(98)41 Or. Eng.
Unclassified CCNM/SIGMA/PUMA(98)41 Organisation de Coopération et de Développement Economiques OLIS : 14-May-1998 Organisation for Economic Co-operation and Development Dist. : 20-May-1998 Or. Eng. SIGMA
More informationPublic Expenditure and Financial Accountability Baseline Report. Central Provincial Government
Public Expenditure and Financial Accountability Baseline Report Central Provincial Government 1 Table of Contents Summary Assessment... 4 (i) Integrated assessment of PFM performance... 4 (ii) Assessment
More informationVI CONSTITUTIONAL GOVERNMENT. Decree-Law No. / of of
VI CONSTITUTIONAL GOVERNMENT Decree-Law No. / 2016 of of REGULATIONS OF THE INFRASTRUCTURE FUND In 2011, the National Parliament created and the Government regulated the Infrastructure Fund as a special
More informationMemorandum to the Public Accounts Committee on the European Parliament s discharge resolution regarding the 2008 EU accounts.
Memorandum to the Public Accounts Committee on the European Parliament s discharge resolution regarding the 2008 EU accounts June 2010 AUDITOR GENERAL S FACTUAL MEMORANDUM TO THE PUBLIC ACCOUNTS COMMITTEE
More informationANNEX: IPA 2010 NATIONAL PROGRAMME PART II - BOSNIA AND HERZEGOVINA. at the latest by 31 December years from the final date for contracting.
EN EN EN ANNEX: IPA 2010 NATIONAL PROGRAMME PART II - BOSNIA AND HERZEGOVINA 1. IDENTIFICATION Beneficiary Bosnia and Herzegovina CRIS number 2010 / 022-674 Year 2010 Cost EUR 6 000 000 Implementing Authority
More informationDraft Policy Brief: Revised Indicator 9a for the Global Partnership Monitoring Framework
Draft Policy Brief: Revised Indicator 9a for the Global Partnership Monitoring Framework March 2015 This policy brief has been produced with the kind assistance of the European Union and the German Ministry
More informationEXTERNAL AUDIT CHAPTER 14
CHAPTER 14 EXTERNAL AUDIT Auditing, together with internal controls and evaluation, consists of processes and mechanisms that are designed to ensure that planning, budgeting and use of public resources
More informationIFAD Handbook for Financial Reporting and Auditing of IFAD- Financed Projects
- 2018 IFAD Handbook for Financial Reporting and Auditing of IFAD- Financed Projects 1 The IFAD Handbook for Financial Reporting and Auditing for IFAD-Financed Projects is available online for public use
More informationREPORT 2016/030 INTERNAL AUDIT DIVISION. Audit of project management at the United Nations Institute for Training and Research
INTERNAL AUDIT DIVISION REPORT 2016/030 Audit of project management at the United Nations Institute for Training and Research Overall results relating to effective management of projects were initially
More informationPractical Guide to procedures for programme. EDF et the BUDGET
Practical Guide to procedures for programme estimates financed by the EDF et the BUDGET (project approach) Information Session 10.2008 1 = Instrument allowing a more decentralised financial implementation
More informationQuality through Transparency
Quality through Transparency Smart Regulation: The Evolution and the Politics behind the German and European Efforts to Promote Better/Fair/Democratic Regulation Dr. Johannes Ludewig Chair of the National
More informationNICARAGUA: TRACKING POVERTY RELATED SPENDING IN HEAVILY INDEBTED POOR COUNTRIES (HIPC)
NICARAGUA: TRACKING POVERTY RELATED SPENDING IN HEAVILY INDEBTED POOR COUNTRIES (HIPC) July 2004 ACRONYMS AND ABBREVIATIONS ANBE AP CBN CGA CFAA CPAR DGB DGI DGPI DGSA DGT EMTA GAO GBR GCO GoN HIPC IDB
More informationNew Shareholder Rights Directive and its implementation Joanna Sikora-Wittnebel, European Commission, DG JUST
New Shareholder Rights Directive and its implementation Joanna Sikora-Wittnebel, European Commission, DG JUST THE NEW EU SHAREHOLDER RIGHTS Better Finance MASS Conference Malta, 13 October 2017 BASIC FACTS
More informationPILLAR 3 Disclosures
PILLAR 3 Disclosures Published April 2016 Contacts: Rajeev Adrian Sedjwick Joseph Chief Financial Officer Chief Risk Officer 0207 776 4006 0207 776 4014 Rajeev.adrian@bank-abc.com sedjwick.joseph@bankabc.com
More informationInternal, Operational, and Compliance Auditing
CHAPTER 21 Internal, Operational, and Compliance Auditing Review Questions 21 1 Internal auditing may be defined as an independent, objective assurance and consulting activity designed to add value and
More informationExperiences Managing Public Debt in Crisis: The Case of Guyana
Experiences Managing Public Debt in Crisis: The Case of Guyana DMF Stakeholders Forum Tunis, March 29-30, 2010 Ms. Donna Yearwood Introduction Outline Debt Sustainability Indicators Legal Framework Capacity
More informationRegulation on the implementation of the European Economic Area (EEA) Financial Mechanism
the European Economic Area (EEA) Financial Mechanism 2014-2021 Adopted by the EEA Financial Mechanism Committee pursuant to Article 10.5 of Protocol 38c to the EEA Agreement on 8 September 2016 and confirmed
More informationThe Government Debt Committee in Austria
The Government Debt Committee in Austria Günther Chaloupek, Austrian Chamber of Labour, Vice president of the Austrian Government Debt Committee Contribution to the workshop Fiscal Policy Councils: Why
More informationEuropean Railway Agency
European Railway Agency Administrative Board Position paper 26 th ERA Administrative Board meeting 26 June 2012 1 P a g e Proposals by the European Railway Agency Administrative Board for an A. Context
More information