Nicaragua: Country Financial Accountability Assessment
The overarching goal of this Country Financial Accountability Assessment (CFAA) i s to assist the Government in achieving effective implementation of its strategy for strengthened growth and poverty reduction through good public financial managemen...
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| Format: | Country Financial Accountability Assessment |
| Language: | English en_US |
| Published: |
Washington, DC
2013
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2004/01/3160402/nicaragua-country-financial-accountability-assessment http://hdl.handle.net/10986/14591 |
| id |
okr-10986-14591 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
PUBLIC FINANCE MANAGEMENT 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 CUSTOMS ADMINISTRATION AID COORDINATION POLICIES CIVIL SERVICE REFORMS DEBT MANAGEMENT ACCOUNTABILITY ACCOUNTING ADMINISTRATIVE ASSISTANCE ADMINISTRATIVE CAPACITY AUDITING AUDITORS AUDITS BUDGET EXECUTION BUDGET PROCESS CASH MANAGEMENT CENTRAL GOVERNMENT CIVIL SERVICE CLIMATE CONSOLIDATION CONSTITUTION CORRUPTION DEBT MANAGEMENT DEBT RELIEF DECENTRALIZATION DECISION- MAKING DEFICITS DISCLOSURE ECONOMIC GROWTH EMPLOYMENT EMPLOYMENT GENERATION ENVIRONMENTAL DEGRADATION EXECUTION EXPENDITURE FINANCIAL ACCOUNTABILITY FINANCIAL ADMINISTRATION FINANCIAL ASSISTANCE FINANCIAL INFORMATION FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL REPORTING FISCAL FISCAL DEFICIT FISCAL POLICY FISCAL REFORM FISCAL TRANSPARENCY GOOD GOVERNANCE GOVERNMENT AGENCIES GOVERNMENT LEVEL GOVERNMENT REVENUES HEALTH CARE HOSPITALS HUMAN CAPITAL HUMAN RESOURCES INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL FOUNDATIONS INTERNAL AUDIT INTERNAL CONTROLS INVENTORY LAWS LEGAL FRAMEWORK LEGALITY LEGISLATION LEGITIMACY LOCAL GOVERNMENTS MALNUTRITION MANAGEMENT MANAGERS MEDIA MINISTRY OF FINANCE MODERNIZATION OF THE STATE MULTILATERAL DEVELOPMENT BANKS OPERATIONS PRESIDENCY PRIVATE SECTOR PRIVATE SECTOR INVESTMENT PRODUCTIVITY PROFESSIONAL ASSOCIATIONS PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC EXPENDITURE REVIEW PUBLIC EXPENDITURES PUBLIC FINANCES PUBLIC FUNDS PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC SECTOR PUBLIC SECTOR ACCOUNTING PUBLIC SERVICE PUBLIC SERVICE DELIVERY RECURRENT EXPENDITURES REPRESENTATIVES SCHOOLS SOCIAL CONTROL SOCIAL EQUITY SOCIAL PLANNING STATE FUNDS STATE INSTITUTIONS STRUCTURAL ADJUSTMENT TAX TAX COLLECTION TAX POLICY TAX SYSTEM TECHNICAL ASSISTANCE TRANSPARENCY TREASURY TREASURY OPERATIONS |
| spellingShingle |
PUBLIC FINANCE MANAGEMENT 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 CUSTOMS ADMINISTRATION AID COORDINATION POLICIES CIVIL SERVICE REFORMS DEBT MANAGEMENT ACCOUNTABILITY ACCOUNTING ADMINISTRATIVE ASSISTANCE ADMINISTRATIVE CAPACITY AUDITING AUDITORS AUDITS BUDGET EXECUTION BUDGET PROCESS CASH MANAGEMENT CENTRAL GOVERNMENT CIVIL SERVICE CLIMATE CONSOLIDATION CONSTITUTION CORRUPTION DEBT MANAGEMENT DEBT RELIEF DECENTRALIZATION DECISION- MAKING DEFICITS DISCLOSURE ECONOMIC GROWTH EMPLOYMENT EMPLOYMENT GENERATION ENVIRONMENTAL DEGRADATION EXECUTION EXPENDITURE FINANCIAL ACCOUNTABILITY FINANCIAL ADMINISTRATION FINANCIAL ASSISTANCE FINANCIAL INFORMATION FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL REPORTING FISCAL FISCAL DEFICIT FISCAL POLICY FISCAL REFORM FISCAL TRANSPARENCY GOOD GOVERNANCE GOVERNMENT AGENCIES GOVERNMENT LEVEL GOVERNMENT REVENUES HEALTH CARE HOSPITALS HUMAN CAPITAL HUMAN RESOURCES INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL FOUNDATIONS INTERNAL AUDIT INTERNAL CONTROLS INVENTORY LAWS LEGAL FRAMEWORK LEGALITY LEGISLATION LEGITIMACY LOCAL GOVERNMENTS MALNUTRITION MANAGEMENT MANAGERS MEDIA MINISTRY OF FINANCE MODERNIZATION OF THE STATE MULTILATERAL DEVELOPMENT BANKS OPERATIONS PRESIDENCY PRIVATE SECTOR PRIVATE SECTOR INVESTMENT PRODUCTIVITY PROFESSIONAL ASSOCIATIONS PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC EXPENDITURE REVIEW PUBLIC EXPENDITURES PUBLIC FINANCES PUBLIC FUNDS PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC SECTOR PUBLIC SECTOR ACCOUNTING PUBLIC SERVICE PUBLIC SERVICE DELIVERY RECURRENT EXPENDITURES REPRESENTATIVES SCHOOLS SOCIAL CONTROL SOCIAL EQUITY SOCIAL PLANNING STATE FUNDS STATE INSTITUTIONS STRUCTURAL ADJUSTMENT TAX TAX COLLECTION TAX POLICY TAX SYSTEM TECHNICAL ASSISTANCE TRANSPARENCY TREASURY TREASURY OPERATIONS World Bank Nicaragua: Country Financial Accountability Assessment |
| geographic_facet |
Latin America & Caribbean Nicaragua |
| description |
The overarching goal of this Country
Financial Accountability Assessment (CFAA) i s to assist the
Government in achieving effective implementation of its
strategy for strengthened growth and poverty reduction
through good public financial management. Some of the
report's general conclusions are as follows: The laws
and regulations governing public financial management are
generally sound, but need to be consolidated and modernized.
The Government has gradually improved budget classification,
realism and participation of executing entities in its
preparation. Still, there is budget incrementalism and an
effective separation of recurrent and investment budgeting.
The Government's integrated financial management system
has considerably improved public financial management,
establishing the concept of increased efficiency through
integration of budgeting, accounting, treasury, public debt
and procurement. Operation of the treasury single account
system has contributed significantly to effective cash
position controls, but absence of detailed cash flow
programs and presence of global budget transfers prevents
adequate cash management. While the integrated financial
management system has allowed for effective central controls
on overall spending, the internal control and internal audit
capacity in spending entities needs improvement. The
underlying financial management systems still do not
contribute to increased efficiency of service delivery.
Public investment planning capacity has increased, but
deficient monitoring and evaluation systems help perpetuate
the existence of obsolete and ineffective programs. Although
budget execution reports are prepared on time, the lack of
adequate government financial statements and
institutionalized public sector accounting affects the
review and analysis of public finances. The lack of external
audit reports on government financial statements is a
serious obstacle to transparency in public finances. The
institutional foundations to allow for public scrutiny of
public expenditure are already in place, but effective
implementation requires dealing with significant challenges
posed by the lack of traditions of public consultation and
of meaningful public access to information, the abstract and
complicated nature of available information on public
finances, and the physical difficulty of accessing the
information. Other conclusions concerned external aid
channeling practices, civil service reform, public debt
management, and generally weak revenue administration. |
| format |
Economic & Sector Work :: Country Financial Accountability Assessment |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Nicaragua: Country Financial Accountability Assessment |
| title_short |
Nicaragua: Country Financial Accountability Assessment |
| title_full |
Nicaragua: Country Financial Accountability Assessment |
| title_fullStr |
Nicaragua: Country Financial Accountability Assessment |
| title_full_unstemmed |
Nicaragua: Country Financial Accountability Assessment |
| title_sort |
nicaragua: country financial accountability assessment |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2004/01/3160402/nicaragua-country-financial-accountability-assessment http://hdl.handle.net/10986/14591 |
| _version_ |
1764428252164653056 |
| spelling |
okr-10986-145912021-04-23T14:03:17Z Nicaragua: Country Financial Accountability Assessment World Bank PUBLIC FINANCE MANAGEMENT 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 CUSTOMS ADMINISTRATION AID COORDINATION POLICIES CIVIL SERVICE REFORMS DEBT MANAGEMENT ACCOUNTABILITY ACCOUNTING ADMINISTRATIVE ASSISTANCE ADMINISTRATIVE CAPACITY AUDITING AUDITORS AUDITS BUDGET EXECUTION BUDGET PROCESS CASH MANAGEMENT CENTRAL GOVERNMENT CIVIL SERVICE CLIMATE CONSOLIDATION CONSTITUTION CORRUPTION DEBT MANAGEMENT DEBT RELIEF DECENTRALIZATION DECISION- MAKING DEFICITS DISCLOSURE ECONOMIC GROWTH EMPLOYMENT EMPLOYMENT GENERATION ENVIRONMENTAL DEGRADATION EXECUTION EXPENDITURE FINANCIAL ACCOUNTABILITY FINANCIAL ADMINISTRATION FINANCIAL ASSISTANCE FINANCIAL INFORMATION FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL REPORTING FISCAL FISCAL DEFICIT FISCAL POLICY FISCAL REFORM FISCAL TRANSPARENCY GOOD GOVERNANCE GOVERNMENT AGENCIES GOVERNMENT LEVEL GOVERNMENT REVENUES HEALTH CARE HOSPITALS HUMAN CAPITAL HUMAN RESOURCES INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL FOUNDATIONS INTERNAL AUDIT INTERNAL CONTROLS INVENTORY LAWS LEGAL FRAMEWORK LEGALITY LEGISLATION LEGITIMACY LOCAL GOVERNMENTS MALNUTRITION MANAGEMENT MANAGERS MEDIA MINISTRY OF FINANCE MODERNIZATION OF THE STATE MULTILATERAL DEVELOPMENT BANKS OPERATIONS PRESIDENCY PRIVATE SECTOR PRIVATE SECTOR INVESTMENT PRODUCTIVITY PROFESSIONAL ASSOCIATIONS PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC EXPENDITURE REVIEW PUBLIC EXPENDITURES PUBLIC FINANCES PUBLIC FUNDS PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC SECTOR PUBLIC SECTOR ACCOUNTING PUBLIC SERVICE PUBLIC SERVICE DELIVERY RECURRENT EXPENDITURES REPRESENTATIVES SCHOOLS SOCIAL CONTROL SOCIAL EQUITY SOCIAL PLANNING STATE FUNDS STATE INSTITUTIONS STRUCTURAL ADJUSTMENT TAX TAX COLLECTION TAX POLICY TAX SYSTEM TECHNICAL ASSISTANCE TRANSPARENCY TREASURY TREASURY OPERATIONS The overarching goal of this Country Financial Accountability Assessment (CFAA) i s to assist the Government in achieving effective implementation of its strategy for strengthened growth and poverty reduction through good public financial management. Some of the report's general conclusions are as follows: The laws and regulations governing public financial management are generally sound, but need to be consolidated and modernized. The Government has gradually improved budget classification, realism and participation of executing entities in its preparation. Still, there is budget incrementalism and an effective separation of recurrent and investment budgeting. The Government's integrated financial management system has considerably improved public financial management, establishing the concept of increased efficiency through integration of budgeting, accounting, treasury, public debt and procurement. Operation of the treasury single account system has contributed significantly to effective cash position controls, but absence of detailed cash flow programs and presence of global budget transfers prevents adequate cash management. While the integrated financial management system has allowed for effective central controls on overall spending, the internal control and internal audit capacity in spending entities needs improvement. The underlying financial management systems still do not contribute to increased efficiency of service delivery. Public investment planning capacity has increased, but deficient monitoring and evaluation systems help perpetuate the existence of obsolete and ineffective programs. Although budget execution reports are prepared on time, the lack of adequate government financial statements and institutionalized public sector accounting affects the review and analysis of public finances. The lack of external audit reports on government financial statements is a serious obstacle to transparency in public finances. The institutional foundations to allow for public scrutiny of public expenditure are already in place, but effective implementation requires dealing with significant challenges posed by the lack of traditions of public consultation and of meaningful public access to information, the abstract and complicated nature of available information on public finances, and the physical difficulty of accessing the information. Other conclusions concerned external aid channeling practices, civil service reform, public debt management, and generally weak revenue administration. 2013-07-25T15:42:00Z 2013-07-25T15:42:00Z 2003-01-13 http://documents.worldbank.org/curated/en/2004/01/3160402/nicaragua-country-financial-accountability-assessment http://hdl.handle.net/10986/14591 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 Nicaragua |