Republic of Honduras : Country Financial Accountability Assessment
This Country Financial Accountability Assessment (CFAA) aims to assist the Government implement effective measures to strengthen public financial management, which would result in more effective economic development, and poverty reduction programs....
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| Format: | Country Financial Accountability Assessment |
| Language: | English en_US |
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Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2004/01/4958187/honduras-country-financial-accountability-assessment http://hdl.handle.net/10986/14580 |
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okr-10986-14580 |
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| recordtype |
oai_dc |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTABILITY ACCOUNTING ACCOUNTING STANDARDS ADJUSTMENT LENDING ADMINISTRATIVE ASSISTANCE ANALYTICAL WORK AUDITING AUDITORS AUDITS BUDGET ALLOCATIONS BUDGET EXECUTION BUDGET MONITORING BUDGET PROPOSALS BUDGET STRATEGIES BUDGET SYSTEM CAPACITY BUILDING CASH FLOW STATEMENTS CASH MANAGEMENT CENTRAL GOVERNMENT CIVIL SERVICE CIVIL SOCIETY CORRUPTION DEBT MANAGEMENT DEBT RELIEF DEBT SERVICE DEBT SERVICING DECENTRALIZATION DEVELOPMENT PARTNERS DIAGNOSTIC TOOL DISCLOSURE DONOR ASSISTANCE DONOR COMMUNITY ECONOMIC GROWTH EMPLOYMENT ETHICS EXECUTION EXPENDITURE CATEGORIES EXTREME POVERTY FINANCIAL ACCOUNTABILITY FINANCIAL INFORMATION FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL REPORTING FINANCIAL RESOURCES FISCAL FISCAL MANAGEMENT FISCAL SUSTAINABILITY FISCAL TRANSPARENCY FISCAL YEAR GOOD GOVERNANCE GOVERNMENT ACTION GOVERNMENT AGENCIES GOVERNMENT ENTITIES GOVERNMENT EXPENDITURES GOVERNMENT INSTITUTIONS GOVERNMENT SPENDING GOVERNMENT'S DEVELOPMENT STRATEGY GOVERNMENTAL ORGANIZATION HUMAN CAPITAL HUMAN RESOURCES HUMAN RESOURCES DEVELOPMENT INCREASED ACCESS INSTITUTION BUILDING INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL ASSESSMENT INSTITUTIONAL DEVELOPMENT INTERNAL AUDIT INTERNAL AUDITS INTERNAL CONTROLS INTERNATIONAL PRACTICE LAWS LEGAL FRAMEWORK LEGISLATIVE MEASURES MANAGEMENT CAPACITY MEDIA MINISTRY OF FINANCE MUNICIPAL GOVERNMENT MUNICIPALITIES NATIONAL LEVEL PARTICIPATORY APPROACHES POLICY DIALOGUE POVERTY REDUCTION POVERTY REDUCTION STRATEGY PRIVATE SECTOR PROFESSIONAL ASSOCIATIONS PROVISIONS PUBLIC DEBT PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC EXPENDITURE REVIEW PUBLIC FINANCE PUBLIC FINANCES PUBLIC FUNDS PUBLIC INSTITUTIONS PUBLIC INVESTMENT PUBLIC PROCUREMENT PUBLIC SECTOR PUBLIC SECTOR EFFICIENCY PUBLIC SECTOR MANAGEMENT PUBLIC SECTOR REFORM PUBLIC SERVICES REGULATORY SYSTEM REORGANIZATION REPRESENTATIVES RURAL POVERTY SAVINGS SERVICE DELIVERY SOCIAL PROTECTION SOCIAL SECTORS SOCIAL SERVICES STATE- OWNED ENTERPRISES STATE-OWNED ENTERPRISES SUBSIDIARY SUSTAINABLE DEVELOPMENT TASK TEAM LEADER TAX TAX ADMINISTRATION TAX COLLECTIONS TAX POLICY TECHNICAL ASSISTANCE TECHNICAL CAPACITY TECHNICAL INPUTS TRANSPARENCY TREASURY URBAN POVERTY PUBLIC FINANCE MANAGEMENT HUMAN RESOURCE DEVELOPMENT & OPERATIONS POLICY LEGAL FRAMEWORK REGULATORY FRAMEWORK BUDGET CLASSIFICATION BUDGET CONTROL BUDGET IMPLEMENTATION BUDGET MANAGEMENT CASH FLOW ANALYSIS GLOBAL BUDGETS BUDGET TRANSFERS CASH MANAGEMENT GOVERNMENT SPENDING POLICIES INTERNAL AUDITING CONTROL SERVICE DELIVERY GOVERNMENT INVESTMENT POLICIES ADMINISTRATIVE CAPABILITY FINANCIAL STATEMENT ANALYSIS PUBLIC CONSULTATION PUBLIC AWARENESS TAX ADMINISTRATION |
| spellingShingle |
ACCOUNTABILITY ACCOUNTING ACCOUNTING STANDARDS ADJUSTMENT LENDING ADMINISTRATIVE ASSISTANCE ANALYTICAL WORK AUDITING AUDITORS AUDITS BUDGET ALLOCATIONS BUDGET EXECUTION BUDGET MONITORING BUDGET PROPOSALS BUDGET STRATEGIES BUDGET SYSTEM CAPACITY BUILDING CASH FLOW STATEMENTS CASH MANAGEMENT CENTRAL GOVERNMENT CIVIL SERVICE CIVIL SOCIETY CORRUPTION DEBT MANAGEMENT DEBT RELIEF DEBT SERVICE DEBT SERVICING DECENTRALIZATION DEVELOPMENT PARTNERS DIAGNOSTIC TOOL DISCLOSURE DONOR ASSISTANCE DONOR COMMUNITY ECONOMIC GROWTH EMPLOYMENT ETHICS EXECUTION EXPENDITURE CATEGORIES EXTREME POVERTY FINANCIAL ACCOUNTABILITY FINANCIAL INFORMATION FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL REPORTING FINANCIAL RESOURCES FISCAL FISCAL MANAGEMENT FISCAL SUSTAINABILITY FISCAL TRANSPARENCY FISCAL YEAR GOOD GOVERNANCE GOVERNMENT ACTION GOVERNMENT AGENCIES GOVERNMENT ENTITIES GOVERNMENT EXPENDITURES GOVERNMENT INSTITUTIONS GOVERNMENT SPENDING GOVERNMENT'S DEVELOPMENT STRATEGY GOVERNMENTAL ORGANIZATION HUMAN CAPITAL HUMAN RESOURCES HUMAN RESOURCES DEVELOPMENT INCREASED ACCESS INSTITUTION BUILDING INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL ASSESSMENT INSTITUTIONAL DEVELOPMENT INTERNAL AUDIT INTERNAL AUDITS INTERNAL CONTROLS INTERNATIONAL PRACTICE LAWS LEGAL FRAMEWORK LEGISLATIVE MEASURES MANAGEMENT CAPACITY MEDIA MINISTRY OF FINANCE MUNICIPAL GOVERNMENT MUNICIPALITIES NATIONAL LEVEL PARTICIPATORY APPROACHES POLICY DIALOGUE POVERTY REDUCTION POVERTY REDUCTION STRATEGY PRIVATE SECTOR PROFESSIONAL ASSOCIATIONS PROVISIONS PUBLIC DEBT PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC EXPENDITURE REVIEW PUBLIC FINANCE PUBLIC FINANCES PUBLIC FUNDS PUBLIC INSTITUTIONS PUBLIC INVESTMENT PUBLIC PROCUREMENT PUBLIC SECTOR PUBLIC SECTOR EFFICIENCY PUBLIC SECTOR MANAGEMENT PUBLIC SECTOR REFORM PUBLIC SERVICES REGULATORY SYSTEM REORGANIZATION REPRESENTATIVES RURAL POVERTY SAVINGS SERVICE DELIVERY SOCIAL PROTECTION SOCIAL SECTORS SOCIAL SERVICES STATE- OWNED ENTERPRISES STATE-OWNED ENTERPRISES SUBSIDIARY SUSTAINABLE DEVELOPMENT TASK TEAM LEADER TAX TAX ADMINISTRATION TAX COLLECTIONS TAX POLICY TECHNICAL ASSISTANCE TECHNICAL CAPACITY TECHNICAL INPUTS TRANSPARENCY TREASURY URBAN POVERTY PUBLIC FINANCE MANAGEMENT HUMAN RESOURCE DEVELOPMENT & OPERATIONS POLICY LEGAL FRAMEWORK REGULATORY FRAMEWORK BUDGET CLASSIFICATION BUDGET CONTROL BUDGET IMPLEMENTATION BUDGET MANAGEMENT CASH FLOW ANALYSIS GLOBAL BUDGETS BUDGET TRANSFERS CASH MANAGEMENT GOVERNMENT SPENDING POLICIES INTERNAL AUDITING CONTROL SERVICE DELIVERY GOVERNMENT INVESTMENT POLICIES ADMINISTRATIVE CAPABILITY FINANCIAL STATEMENT ANALYSIS PUBLIC CONSULTATION PUBLIC AWARENESS TAX ADMINISTRATION World Bank Republic of Honduras : Country Financial Accountability Assessment |
| geographic_facet |
Latin America & Caribbean Honduras |
| description |
This Country Financial Accountability
Assessment (CFAA) aims to assist the Government implement
effective measures to strengthen public financial
management, which would result in more effective economic
development, and poverty reduction programs. While the
implementation of the integrated financial management system
has improved the Government's ability to control, and
manage expenditure, weak internal controls, and internal
audit capacity in spending agencies hinder the assurance of
efficiency and certification of expenditures. The report
finds fiscal responsibilities are not managed by the
Treasury, but rather by the Office of Public Credit, and the
Central Bank, a dispersion of responsibility for the
management of public funds which results in functional gaps,
directly affecting the security, and control of Government
funds. And, while tax administration is improving, the
procedures governing tax collections are still weak,
consequently, with no proper reconciliation between the
funds paid by the taxpayers, to that of the funds declared
by banks as collected, and, there is no reconciliation
between the funds received by the banks, and those
transferred to the treasury accounts. Furthermore, the
external audit function is still evolving, following the
creation of the new Audit Court, for which the Government
has been supporting a capacity-building program. However,
the lack of external audits of the Government's
financial statements represents a weakness in the
transparency of public finances. The CFAA suggests as the
most urgent need, to upgrade the quality of human resources
in the public sector. In particular, efforts need to focus
on strengthening of the legal, and accountability framework
for public financial management, upgrading and modernizing
Government financial management, and administration systems,
streamlining processes and procedures, and, rationalizing
and strengthening institutions responsible for ensuring accountability. |
| format |
Economic & Sector Work :: Country Financial Accountability Assessment |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Republic of Honduras : Country Financial Accountability Assessment |
| title_short |
Republic of Honduras : Country Financial Accountability Assessment |
| title_full |
Republic of Honduras : Country Financial Accountability Assessment |
| title_fullStr |
Republic of Honduras : Country Financial Accountability Assessment |
| title_full_unstemmed |
Republic of Honduras : Country Financial Accountability Assessment |
| title_sort |
republic of honduras : country financial accountability assessment |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2004/01/4958187/honduras-country-financial-accountability-assessment http://hdl.handle.net/10986/14580 |
| _version_ |
1764428525919535104 |
| spelling |
okr-10986-145802021-04-23T14:03:17Z Republic of Honduras : Country Financial Accountability Assessment World Bank ACCOUNTABILITY ACCOUNTING ACCOUNTING STANDARDS ADJUSTMENT LENDING ADMINISTRATIVE ASSISTANCE ANALYTICAL WORK AUDITING AUDITORS AUDITS BUDGET ALLOCATIONS BUDGET EXECUTION BUDGET MONITORING BUDGET PROPOSALS BUDGET STRATEGIES BUDGET SYSTEM CAPACITY BUILDING CASH FLOW STATEMENTS CASH MANAGEMENT CENTRAL GOVERNMENT CIVIL SERVICE CIVIL SOCIETY CORRUPTION DEBT MANAGEMENT DEBT RELIEF DEBT SERVICE DEBT SERVICING DECENTRALIZATION DEVELOPMENT PARTNERS DIAGNOSTIC TOOL DISCLOSURE DONOR ASSISTANCE DONOR COMMUNITY ECONOMIC GROWTH EMPLOYMENT ETHICS EXECUTION EXPENDITURE CATEGORIES EXTREME POVERTY FINANCIAL ACCOUNTABILITY FINANCIAL INFORMATION FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL REPORTING FINANCIAL RESOURCES FISCAL FISCAL MANAGEMENT FISCAL SUSTAINABILITY FISCAL TRANSPARENCY FISCAL YEAR GOOD GOVERNANCE GOVERNMENT ACTION GOVERNMENT AGENCIES GOVERNMENT ENTITIES GOVERNMENT EXPENDITURES GOVERNMENT INSTITUTIONS GOVERNMENT SPENDING GOVERNMENT'S DEVELOPMENT STRATEGY GOVERNMENTAL ORGANIZATION HUMAN CAPITAL HUMAN RESOURCES HUMAN RESOURCES DEVELOPMENT INCREASED ACCESS INSTITUTION BUILDING INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL ASSESSMENT INSTITUTIONAL DEVELOPMENT INTERNAL AUDIT INTERNAL AUDITS INTERNAL CONTROLS INTERNATIONAL PRACTICE LAWS LEGAL FRAMEWORK LEGISLATIVE MEASURES MANAGEMENT CAPACITY MEDIA MINISTRY OF FINANCE MUNICIPAL GOVERNMENT MUNICIPALITIES NATIONAL LEVEL PARTICIPATORY APPROACHES POLICY DIALOGUE POVERTY REDUCTION POVERTY REDUCTION STRATEGY PRIVATE SECTOR PROFESSIONAL ASSOCIATIONS PROVISIONS PUBLIC DEBT PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC EXPENDITURE REVIEW PUBLIC FINANCE PUBLIC FINANCES PUBLIC FUNDS PUBLIC INSTITUTIONS PUBLIC INVESTMENT PUBLIC PROCUREMENT PUBLIC SECTOR PUBLIC SECTOR EFFICIENCY PUBLIC SECTOR MANAGEMENT PUBLIC SECTOR REFORM PUBLIC SERVICES REGULATORY SYSTEM REORGANIZATION REPRESENTATIVES RURAL POVERTY SAVINGS SERVICE DELIVERY SOCIAL PROTECTION SOCIAL SECTORS SOCIAL SERVICES STATE- OWNED ENTERPRISES STATE-OWNED ENTERPRISES SUBSIDIARY SUSTAINABLE DEVELOPMENT TASK TEAM LEADER TAX TAX ADMINISTRATION TAX COLLECTIONS TAX POLICY TECHNICAL ASSISTANCE TECHNICAL CAPACITY TECHNICAL INPUTS TRANSPARENCY TREASURY URBAN POVERTY PUBLIC FINANCE MANAGEMENT HUMAN RESOURCE DEVELOPMENT & OPERATIONS POLICY LEGAL FRAMEWORK REGULATORY FRAMEWORK BUDGET CLASSIFICATION BUDGET CONTROL BUDGET IMPLEMENTATION BUDGET MANAGEMENT CASH FLOW ANALYSIS GLOBAL BUDGETS BUDGET TRANSFERS CASH MANAGEMENT GOVERNMENT SPENDING POLICIES INTERNAL AUDITING CONTROL SERVICE DELIVERY GOVERNMENT INVESTMENT POLICIES ADMINISTRATIVE CAPABILITY FINANCIAL STATEMENT ANALYSIS PUBLIC CONSULTATION PUBLIC AWARENESS TAX ADMINISTRATION This Country Financial Accountability Assessment (CFAA) aims to assist the Government implement effective measures to strengthen public financial management, which would result in more effective economic development, and poverty reduction programs. While the implementation of the integrated financial management system has improved the Government's ability to control, and manage expenditure, weak internal controls, and internal audit capacity in spending agencies hinder the assurance of efficiency and certification of expenditures. The report finds fiscal responsibilities are not managed by the Treasury, but rather by the Office of Public Credit, and the Central Bank, a dispersion of responsibility for the management of public funds which results in functional gaps, directly affecting the security, and control of Government funds. And, while tax administration is improving, the procedures governing tax collections are still weak, consequently, with no proper reconciliation between the funds paid by the taxpayers, to that of the funds declared by banks as collected, and, there is no reconciliation between the funds received by the banks, and those transferred to the treasury accounts. Furthermore, the external audit function is still evolving, following the creation of the new Audit Court, for which the Government has been supporting a capacity-building program. However, the lack of external audits of the Government's financial statements represents a weakness in the transparency of public finances. The CFAA suggests as the most urgent need, to upgrade the quality of human resources in the public sector. In particular, efforts need to focus on strengthening of the legal, and accountability framework for public financial management, upgrading and modernizing Government financial management, and administration systems, streamlining processes and procedures, and, rationalizing and strengthening institutions responsible for ensuring accountability. 2013-07-25T15:35:42Z 2013-07-25T15:35:42Z 2004-01-03 http://documents.worldbank.org/curated/en/2004/01/4958187/honduras-country-financial-accountability-assessment http://hdl.handle.net/10986/14580 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Country Financial Accountability Assessment Economic & Sector Work Latin America & Caribbean Honduras |