Category : Finance, Public
Editor :
ISBN : UOM:39015041656680
Type : PDF, Epub and Kindle
Language : en
Views : 402
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Category : Finance, Public
Editor :
ISBN : UOM:39015054070993
Type : PDF, Epub and Kindle
Language : en
Views : 809
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Category : Finance, Public
Editor : Irwin Professional Publishing
ISBN : UOM:39015013174654
Type : PDF, Epub and Kindle
Language : en
Views : 551
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Category : Finance, Public
Editor :
ISBN : UOM:39015005325223
Type : PDF, Epub and Kindle
Language : en
Views : 638
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This book aims to contribute to a better understanding of public finance in a Philippine setting. It attempts to present a comprehensive treatment of public finance literatures which will be of help to those who are interested to know the working of government finance in a developing Asian country.

Category : Business & Economics
Editor : World Bank Publications
ISBN : 0821361422
Type : PDF, Epub and Kindle
Language : en
Views : 294
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Accountability of government to citizens is the foundation for good governance. Unfortunately, many developing countries suffer the results of dysfunctional governance systems that fail to provide even minimal levels of vital public services. The key message of the New Institutional Economics is that incentives matter. In the public sphere, the countries' accountability frameworks rewards, sanctions, and measurement of performance shape public sector performance. This book applies this fundamental insight to fiscal/budgetary analysis and public service delivery, giving the reader tools and around the globe examples of institutional arrangements that help citizens hold government accountable for their performance.

Category : Business & Economics
Editor : International Monetary Fund
ISBN : 9781513506364
Type : PDF, Epub and Kindle
Language : en
Views : 87
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EXECUTIVE SUMMARY Improving fiscal transparency has been a priority in the Philippines over recent years. The government’s public financial management reform strategy has helped initiate a wide variety of reforms, which are beginning to bear fruit. In light of this, the evaluation against the 36 principles of the draft Fiscal Transparency Code (Annex IV) is broadly favorable: ? Fiscal reporting is relatively comprehensive, frequent and timely, with many areas of good and advanced practices. Coverage of public sector units’ stocks and flows is well-developed but coverage of the public sector as a whole lacks consolidated data for the public sector and general government subsectors. Comparability of fiscal data from various reports and of budget outturns against the original budget is not always possible, reflecting a fragmentation of agencies involved. While audits of individual agencies’ financial reports are undertaken, there is no separate independent audit of the consolidated Annual Financial Reports; this differs from international practice (Annex I). ? Fiscal forecasting and budgeting is generally good, with several recent improvements, especially regarding fiscal policy objectives, performance orientation, public participation, and the comprehensiveness and orderliness of the budget. However, budget credibility is undermined by the complexity and large flexibility of the annual budget framework which resulted in the non-rating of the principle on the supplementary budget (Annex II). ? Fiscal risk analysis and management is relatively strong in the Philippines compared to other countries, as shown by the publication of a comprehensive Fiscal Risk Statement with a relatively comprehensive collation of risks that could affect public finances. However, improvements are needed in a few areas, especially to capture of risks from guarantees and PPPs, assess the scope of tax expenditures, and introduce a longer-term perspective in the fiscal sustainability analysis (Annex III). The evaluation reveals two cross-cutting issues spanning across the three FTC pillars: (i) the fragmentation of responsibilities for fiscal management in the public sector, and (ii) the complexity and flexibility of the budget system, which complicate fiscal reporting. This report highlights twelve priority recommendations to address gaps in the Philippines’ transparency practices. They focus on (i) publishing a consistent set of budget documents that provides the public with the means to track and assess the operations of government; (ii) reducing the discrepancy between initial budget plans and end-year fiscal outturns; (iii) integrating fiscal sustainability considerations into short-term policy decisions; (iv) delineating more rigorously the government’s policy activities from purely commercial activities; (v) better allocating resources to priority areas over the medium term; and (vi) ensuring that consolidated financial reports are audited in a fully-independent manner.

Category : Philippines
Editor :
ISBN : 9718989005
Type : PDF, Epub and Kindle
Language : en
Views : 433
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Category : Business & Economics
Editor :
ISBN : UCSD:31822028802957
Type : PDF, Epub and Kindle
Language : en
Views : 251
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This book is an assembly of the major papers presented during the Seminar on Public Financial Management and Accountability, and the World Conference on Governance held in Manila in April and June 1999. The papers cover the fundamentals of public financial management and the role of transparency and accountability in promoting aggregate fiscal discipline, the strategic allocation of budgetary resources, and the efficiency in the delivery of public services.

Category : Business & Economics
Editor : Oxford University Press on Demand
ISBN : 0195158989
Type : PDF, Epub and Kindle
Language : en
Views : 496
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An examination of all major facets of the Philippine economy and development policy, this title looks to the past and to the future using approaches that are descriptive, analytical, interpretive and comparative. It assesses trends since the 1980s, identifies major policy issues, and provides a balance sheet of achievements and deficiencies.

Category : Business & Economics
Editor : Oxford University Press
ISBN : 9780199671663
Type : PDF, Epub and Kindle
Language : en
Views : 972
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A central premise is that an objective and universally‐accepted measure of “success” in development and paths to it does not exist.