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1、International Practice on Budget Execution and Control,Katherine Barraclough and Bill Dorotinsky,Public Financial Management Workshop, NOSPA, Vientiane, Lao PDR May 23-26,Budget Execution and Control,Concerned with budget execution, accounting and fiscal reporting Processes and institutions to: Impl
2、ement the budget Manage resources, assets (and policies) Report on resource use Ex poste audit reports and resource use Key questions: Are deficit targets going to met? Are budget adjustments that were agreed at the preparation stage being implemented? Will the budget outturn align with the budget p
3、lan? Are expenditure priorities being reflected in the budget?,Basic Principles for Budgeting,Comprehensiveness Include all revenue and expenditure, all agencies Accuracy Record actual transactions and flows Annuality Cover a defined period of time (e.g. one year budget, multi-year forecasts) Author
4、itativeness Ensure implementation is in line with appropriate laws Transparency Information on spending is public, timely and understandable Predictability Stability in the macro and strategic policy and funding in the short and long term,Cash Budget,Advantages: Appropriations are on a cash basis an
5、d define the limits for payment and annual commitment Fits well with the need for compliance and expenditure control Expenditures are classified by organisation and object of expenditure (line item) Disadvantage: Tendency to overlook issues of government objectives, their links to the budget, and th
6、e services to be delivered by the government This can be overcome through an appropriate classification system,Budget Classification (1),Classification is important for: Policy formulation Identification of resources allocation among sectors Identification of activities of government Level of perfor
7、mance to be assessed Establishment of accountability for compliance of authorizations, policies and analysis Everyday budget administration,Budget Classification (2),Budget can be classified according to: Function: for historical and high level analysis and policy formulation Organisation: for accou
8、ntability and budget ration Fund: source of financing Economic: for statistical purposes, compliance, control, and economic analysis Program: for allocating resources based on government objectives and cost-benefit analysis Other: as needed based on country circumstances COFOG and GFS COFOG: http:/u
9、nstats.un.org/unsd/cr/registry/regcst.asp?Cl=4 GFS: http:/www.imf.org/external/pubs/ft/gfs/manual/,The Budget Execution Process,Key Considerations,Ability to revise budget appropriations in-year Excessive switching may indicate a lack of budgetary discipline and/or poor budget formulation Quality of
10、 information on outturn expenditure Information needs to be timely, accurate, and reliable Limits on use of exceptional procedures Avoid excessive use of procedures that by-pass expenditure controls Adjusting expenditures in year Only changes in expenditure policy can deliver sustained changes in ex
11、penditure levels Pursuing good governance Ensuring the basic principles are followed Areas of responsibility,Responsibilities for the CBO,Budget Administration Administering the system of release of funds Monitoring expenditure flow Preparing in-year budget revisions Managing central payment system/
12、bank accounts Administering the central payroll system Consolidating accounts and preparing progress reports,Policy Implementation Reviewing progress independently or jointly with spending agencies Identifying policy revisions where appropriate Proposing to Cabinet reallocations of appropriations,Re
13、sponsibilities for Spending Agencies,Budget Administration Allotting funds among subordinate units Making commitments, purchasing and procuring goods and services Verifying the goods and services acquired Preparing requests for payment Preparing progress reports Monitoring performance indicators Kee
14、ping the books,Policy Implementation Periodically reviewing the implementation of the program Identifying problems and implementing adequate solutions Reallocating resources among sector programs,Internal Control (1),Compliance controls: Commitment stage: financial control Delivery: verification Bef
15、ore payment: accounting control After final payment: audit,Principles of Internal Control,Internal Control (2),Any system is a mix of approaches Approaches will vary with fiscal conditions As with any trend, they can go too far,External Control,Independence Adequate resources, government support and
16、 staff Head of Audit Office should be selected on professional merit Independent of the executive Relevant scope of work Capacity Professional expertise and technical knowledge Access to information Effective working relationship with Ministry of Finance and spending agencies Impact Available to the
17、 public Focus on issues of importance Executive commitment to follow up on findings,Issues for Developing Countries,Schick, A., “A Contemporary Approach to PE,” (World Bank, 1998) 31.,Ratings of Public Financial Accountability,Source: World Bank, East Asia Update, (2001),Ratings: low= medium= high=,
18、Best Practice budget presentation,Budget information should be presented in a way that facilitates policy analysis and promotes accountability Budget data should be reported on a gross basis, distinguishing revenue, expenditure, and financing, with expenditure classified by economic, functional, and
19、 administrative category.,IMF Manual on Fiscal Transparency (2001),Best Practice budget execution,Procedures for the execution and monitoring of approved expenditure and for collecting revenue should be clearly specified There should be a comprehensive, integrated system which provides a reliable ba
20、sis for assessing payment arrears Budget execution should be internally audited, and audit procedures should be open to review Frequent reports on budget developments should be presented to the legislature and final accounts should be presented within a year of the end of the fiscal year,IMF Manual on Fiscal Transparency (2001),