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January 2016

January 19, 2016

A Study of FMIS in Four Asian Countries

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Posted by Suhas Joshi and Minh Van Nguyen[1]

A recent study by the Public Expenditure Network in Asia (PEMNA)—“FMIS: A Study of selected PEMNA Members: Lessons for Other Countries”—compares the experiences of FMIS implementation in four countries of the region. A copy of this report can be downloaded here. The lessons drawn from the study should be helpful for other countries embarking on similar projects.

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January 14, 2016

Managing Expenditure Arrears in East Africa

Afritac east

Posted by Amitabh Tripathi[1]

Accumulation of expenditure arrears is a persistent problem across some East AFRITAC (AFE) countries[2] where they range between 1-3% of GDP. These arrears distort the planned implementation of the budget and negatively impact on the government’s finances and ability to deliver essential public services. In addition, incomplete information on arrears presents a risk that the real size of the government’s deficit is concealed and the level of its liabilities understated.

In recent years, member countries have been focusing on establishing the level and sources of expenditure arrears and taking steps to prevent their recurrence. These initiatives have benefitted from enhanced provisions on commitment controls, multi-year commitments, and in-year changes to the budget, coupled with improvements in the disclosure of arrears and other liabilities. However, despite some improvements, there remain many gaps in the recognition, reporting, monitoring and prevention of arrears.

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January 11, 2016

Consultative Advisory Group Will Improve IPSASB Governance

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Posted by Svetlana Klimenko and Delphine Moretti[1]

The process of strengthening the governance and oversight of IPSASB was launched in 2014, and led to the creation of the Public Interest Committee…

As announced previously on this blog, a global consultation was conducted in early 2014 to gather the views of the public on the future directions for the governance and oversight of the International Public Sector Accounting Standards Board (IPSASB).

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January 06, 2016

PFM Bible Reaches the Masses!

9781137574893

Posted by Holger van Eden [1]

A paperback version of The International Handbook of Public Financial Management, edited by Richard Allen, Richard Hemming and Barry H. Potter, has just been released by Palgrave Macmillan. The book may be purchased on line through Amazon and other distributors at a much reduced price compared to the hardback version, which was published in 2013. A review of the volume by Philip Joyce and Juan Pablo Martinez Guzman in the PFM Blog (November 6, 2013) noted that :

The International Handbook of Public Financial Management is a must-have resource for many varied audiences. From a practitioner perspective, both development professionals and government officials will find a wealth of ideas and good practices discussed in the pages of this volume. Moreover, faculty teaching courses in financial management who wish to look at traditional PFM from an international perspective, will find no better resource than this book. Given that the pace of PFM reform is notoriously slow, this book should serve as a useful resource for years, perhaps decades, to come. The authors and editors have thus done a great service to the field.”

The International Handbook of Public Financial Management
Edited by Richard Allen, Richard Hemming, Barry Potter
ISBN: 9781137574893
December 2015
Palgrave Macmillan

[1]Holger van Eden is a Deputy Division Chief in the Public Financial Management II Division in the IMF's Fiscal Affairs Department and editor of the PFM Blog.

Note: The posts on the IMF PFM Blog should not be reported as representing the views of the IMF. The views expressed are those of the authors and do not necessarily represent those of the IMF or IMF policy.

 

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