The International Handbook of Public Financial Management 1st Edition by Palgrave Macmillan, Richard Allen, Richard Hemming, Barry Potter ISBN 9781137315304 113731530X

The International Handbook of Public Financial Management 1st Edition by Palgrave Macmillan, Richard Allen, Richard Hemming, Barry Potter – Ebook PDF Instant Download/Delivery: 9781137315304 ,113731530X
Full dowload The International Handbook of Public Financial Management 1st Edition after payment

Product details:
ISBN 10: 113731530X
ISBN 13: 9781137315304
Author: Palgrave Macmillan, Richard Allen, Richard Hemming, Barry Potter

The International Handbook of Public Financial Management 1st Edition Table of contents:

Part I The Institutional and Legal Framework

Introduction to Part I

1 The Macroeconomic Framework for Managing Public Finances

Fiscal policy and PFM

The macroeconomic consequences of fiscal deficits

Debt sustainability

Fiscal targeting and adjustment

Countercyclical fiscal policy

Approaches to promoting fiscal discipline

Macrofiscal management and PFM

Conclusions

References

2 Public Financial Management Requirements for Effective Implementation of Fiscal Rules

What are fiscal rules?

Objectives of fiscal rules

What PFM conditions are required for the effective implementation of fiscal rules?

Budget formulation consistent with fiscal rules

Robust budget execution, accounting and reporting

External scrutiny

Enforcement and correction mechanisms

Supranational fiscal rules

Main conclusions

References

3 The Legal Framework for Public Finances and Budget Systems

Differing objectives for laws relating to the budget system

Cross-country differences in the legal context

Differing political arrangements

Budget authority of the legislature and responsibilities of the executive

Sound principles for a budget system law

What should be the scope and content of a budget system law?

The nature, types and duration of annual appropriations for spending

Budget execution and control

Government accounts, reporting to the legislature and external audit

Fiscal responsibility laws and fiscal stability laws

Conclusions

References

4 Designing Fiscal Institutions: The Political Economy of PFM Reforms

Theoretical perspectives

Potential trade-offs and pitfalls

The limits of institutional engineering

Conclusions

References

5 The Role, Responsibilities, Structure and Evolution of Central Finance Agencies

Concept of CFAs

How did CFAs evolve over time?

Organizational structure of CFAs

Have CFAs become more or less concentrated?

The fiscal impact of different CFA structures

How can CFAs be strengthened?

References

6 Role of the Legislature in Budget Processes

Constitutional and legal constraints on parliamentary budgeting

Critical dates for parliamentary involvement in the budget process

What should the legislature review and approve?

The provision of fiscal information to the legislature

What support does the legislature need for budgeting?

Developing capacity in the legislature for budgetary oversight

Conclusions

References

7 Assessing and Comparing the Quality of Public Financial Management Systems: Theory, History and Evidence

Theorizing and characterizing public financial management systems: principles, policies, processes

Budget principles

Budget policies

Budget processes

Defining the quality of public financial management systems

Budget systems and budget reforms in comparative historical perspective

Budget reforms in developing countries

Measuring the quality of public financial management systems

Conclusions

Websites, resources and datasets

References

Part II The Allocation of Resources

Introduction to Part II

8 The Coverage and Classification of the Budget

The budget and its coverage

The budget classification system

Program classification

Conclusion

References

9 Policy Formulation and the Budget Process

The budget as a policy document

Constraints imposed by the institutional structure of the budget system

Practical problems of translating policies into budgets

PFM reforms viewed as a move to greater policy relevance

Key features of more policy relevant budgets

Moving to a more decentralized management style

Improving the policy relevance of budgets in developing countries

References

10 Medium-Term Expenditure Frameworks

Some MTEF facts

Do MTEFs work?

Key design issues

MTEFs and the budget process

MTEFs and PFM reform

Some country experiences

Conclusions and general guidance

References

11 Performance Budgeting

What is performance budgeting?

Program budgeting

The relevance of program budgeting

How useful are the newer performance budgeting mechanisms?

Unit costs and the government-wide budget

Bonus funding

Budget-linked performance targets

Implementation and sequencing of government-wide performance budgeting

Performance budgeting in developing countries

Performance budgeting and the fiscal policy challenge

Conclusions and general guidance

References

12 Fiscal Federalism and Intergovernmental Financial Relations

Fiscal federalism

Fiscal federalism and public financial management interactions

Fiscal federalism and public financial management – the management of intergovernmental financial systems

Fiscal federalism and public financial management – the internal management of subnational public finances

Some concluding observations

References

Part III Managing Budget Execution

Introduction to Part III

13 The Budget Execution Process

The budget execution cycle

Key supporting systems

Managing appropriations

Arrears issues

Budget systems and responsibilities for budget execution

Conclusions

References

14 The Role of Procurement

The impact of procurement on PFM

The modern concept of public procurement

Procurement reforms – progress and challenges

Challenges of reforming procurement in developing countries

First-generation systems are underperforming

From fixing the system to transforming the culture

Civil society interest in good procurement

Second-generation reforms

Conclusions and recommendations

References

15 Public Sector Payroll Management

Legislative context

Payroll strategy and budget formulation

Payroll calculation

Payroll, budget execution and compliance

Payroll compliance

Post-payroll accounting

Payroll audit

IT software applications for payroll management

Conclusions

References

16 The Treasury Function and the Treasury Single Account

Budget execution

Annual appropriations and commitment controls

Cash flow forecasting

Treasury single account

TSA: problems and choices

The TSA and payment systems

Remuneration of banks

Structure of the TSA and accounting issues

Practical guidance

Annex 16A: the characteristics of successful forecasting functions

References

17 Internal Control and Internal Audit

The importance of internal controls in PFM

The role of internal audit

The relevance of international standards for developing countries

Strategies in developing the internal audit function

Strategic vision for the internal audit function

Provide the correct regulatory framework for internal audit

Decide on the organizational structure of the internal audit function

Restructure work practices

Strengthening internal audit at the ministry level

A clear and agreed definition of the internal auditors’ tasks

Establishment of audit committees

External review of the internal audit system

Agreed demarcation of responsibilities in relation to external audit

Well-formulated work plans

References

18 Managing Extrabudgetary Funds

How should EBFs be classified?

A suggested typology of EBFs

Why do EBFs exist?

The potential problems created by EBFs

A strengthened approach for managing EBFs

Conclusion and recommendations

References

Part IV Managing Government Revenues

Introduction to Part IV

19 Tax Design from a Public Financial Management Perspective

From tax theory to tax policy

Tax design and revenue

Fiscal stabilization

Explaining differences in tax ratios

Taxation and growth

Tax expenditures

Conclusions and general guidance

References

20 Revenue Forecasting

Purposes and importance of revenue forecasting

Basic concepts of revenue measurement, estimation and growth

Determinants of taxes

Tax analysis and tax expenditures

Revenue growth

Types of forecasting models

Application of the models to major tax types

Organization of revenue forecasting

References

21 Efficient Revenue Administration

Why revenue administration efficiency matters

Institutional framework

The organization of revenue bodies

The administrative law framework

The system of governance

Revenue administration, business processes and the deployment of modern information technology systems

Human resource management

Conclusions and guidance

References

22 Customs Administration

Customs control and clearance procedures

Customs administration

Conclusions and general guidance

References

23 User Charging

User charges for private consumers – principles

User charges for private consumers – practicalities

User charges for private consumers – setting charges

User charges for private consumers – public financial management treatment

User charges – public sector to public sector

Conclusions and general guidance

References

24 Managing Non-renewable Resource Revenues

Why is fiscal revenue from non-renewable resources different?

Short-term stabilization and long-term sustainability in RECs

The need to enhance PFM systems

Medium-term expenditure frameworks to help deal with risk and long-term challenges

Resource funds

Fiscal rules

The resource price in the budget

Key recommendations

References

25 Managing Foreign Aid through Country Systems

An overview of the Paris declaration and its implementation

Managing foreign aid: the current arrangements

Using country systems for investment projects

The central role of PFM reform for aid management

Conclusions and guidance for countries and development partners

References

Part V Liability and Asset Management

Introduction to Part V

26 The Development and Use of Public Sector Balance Sheets

The evolution of public sector balance sheets

Challenges in developing a balance sheet

Creating an initial balance sheet

Interpreting the balance sheet

Barriers government accountants must overcome

Conclusions

References

27 Public Investment Management and Public-Private Partnerships

Public investment management

Some PIM challenges

Public–private partnerships

Conclusions

References

28 Managing Fiscal Risk

The objectives of fiscal risk management

The classification and magnitude of fiscal risks

The magnitude of fiscal risks

A conceptual framework for managing fiscal risks

Establishing the context for and identifying fiscal risks

Analyzing risks

Mitigating fiscal risks

Specific techniques of risk mitigation

Risks in debt management

Financial sector risks

Risks from guarantees

Hedging and insurance

Risks from natural disasters

Risks in public investment spending

Incorporating retained risks in fiscal analysis and the budget

Disclosure of fiscal risks

Monitoring, reviewing and communicating risks

Conclusions and general guidance

References

29 Sovereign Wealth Funds

What is a sovereign wealth fund?

The fiscal relevance of an SWF

Government objectives for an SWF

Fiscal and macroeconomic policy implications of SWF management

Devising operational rules for an SWF

Management and governance of an SWF

Alternative institutional approaches

Reporting the finances of an SWF

Conclusions and guidance on good public financial management practices for SWFs

References

30 Assessing a Government’s Non-debt Liabilities

The spectrum of a government’s obligations and fiscal risk exposure beyond formal debt obligations

What are the “harder” forms of debt and non-debt among a government’s spectrum of obligations?

The middle of the spectrum: into the world of softer non-debt liabilities and constructive budget commitments

The soft end of a government’s spectrum of non-debt liabilities

Taking account of the assets of a government

Empirical estimates of government debt and constructive obligations

Conclusions and general guidance

References

31 Debt and Cash Management

What is debt management?

The characteristics of sound practice in debt management

Debt management financing operations

Government cash management

Conclusions and guidance

References

32 Financial Management and Oversight of State-Owned Enterprises

Definition of state-owned enterprises

The strategic, economic and social role of SOEs

Fiscal risks arising from SOE operations

Strengthening the legal and regulatory framework for SOEs

Role of the government in regulating and managing SOEs

Role of the board of directors

Financial planning, reporting and transparency

External oversight of SOEs

Monitoring the performance of SOEs

Conclusion

References

Part VI Accounting, Reporting and Oversight of Public Finances

Introduction to Part VI

33 Strengthening Fiscal Transparency

The conceptualization of transparency

How surveillance relates to transparency

Fiscal surveillance

What external fiscal surveillance might realistically achieve

Proposals for strengthening fiscal transparency

References

34 Government Accounting Standards and Policies

Government accounting: a general framework

Government accounting standards and policies in brief

The development of accrual financial accounting

Assuring the quality of accounting

Conclusion

Recommendations on the transition to accrual accounting

Appendix: IPSAS and related materials

References

35 Government Financial Reporting Standards and Practices

An overview of government financial reporting

Basic financial statements

Supplemental statements and disclosures

Budget-related reporting

Component reporting

Statistical reporting

Conclusions and policy recommendations

References

36 Government Financial Management Information Systems

Concepts and definitions

Benefits of automation

Initiating an FMIS project

Contextual considerations

Technical considerations

Monitoring the success of FMIS projects

Conclusion

References

37 External Audit

The role and nature of external audit

Other characteristics of external audit

Relationship with internal audit

Two institutional models of external auditing

Financial auditing as a profession

Performance auditing

Forms of audit reporting

Pronouncements and standards on external auditing

Components of good external auditing

Conclusion

References

38 The Role of Independent Fiscal Agencies

Why is independent scrutiny a good idea?

Fiscal authorities

Fiscal councils

Independence and effectiveness

Fiscal policy framework

The impact of fiscal councils

Concluding comments and guidance

References

Name Index

Subject Index

People also search for The International Handbook of Public Financial Management 1st Edition:

the international handbook of public financial management pdf

international financial management 9th edition

international handbook of universities

handbook of international economics volume 5