Islamic Republic of Pakistan : Country Financial Accountability Assessment
The objective of the CFAA is to enhance knowledge of public financial management (PFM) and accountability arrangements in Bank's client countries. As a diagnostic tool, the CFAA supports the Bank's fiduciary responsibilities by identifyin...
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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/2003/12/2874350/pakistan-country-financial-accountability-assessment-project http://hdl.handle.net/10986/14688 |
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okr-10986-14688 |
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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 |
ACCOUNT ACCOUNTABILITY ACCOUNTANTS ACCOUNTING ACCOUNTING STANDARDS ACCOUNTING SYSTEMS ACCOUNTS AUDIT REPORTS AUDITING AUDITS AUTHORITY AUTHORIZATION BUDGET DEFICITS BUDGET EXECUTION BUDGET IMPLEMENTATION BUDGET MANAGEMENT BUDGET MONITORING BUDGETARY RESOURCES BUDGETARY SUPPORT BUDGETING CAPITALS CASH MANAGEMENT CENTRAL GOVERNMENT CHIEF FINANCIAL OFFICERS CIVIL SERVICE COMPLIANCE AUDITING CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATION CONSTITUTION DATA RELIABILITY DEBT MANAGEMENT DEBT SERVICING DECISION MAKING DEVOLUTION DISCLOSURE DISTRICT GOVERNMENTS DISTRICTS EXCISE TAXES EXECUTION EXPENDITURE RESPONSIBILITIES FEDERAL FINANCE FEDERAL GOVERNMENT FINANCIAL ACCOUNTABILITY FINANCIAL CONTROL FINANCIAL DATA FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL REFORM FINANCIAL REGULATIONS FINANCIAL REPORTING FISCAL FISCAL DECENTRALIZATION FISCAL DEFICIT FISCAL MANAGEMENT FISCAL POLICY FISCAL RESPONSIBILITY FISCAL RESTRUCTURING FISCAL TRANSPARENCY FISCAL YEAR FUNDS FLOW GOOD PRACTICE GOOD PRACTICES GOVERNMENT LEVEL GOVERNMENT OFFICIALS GOVERNMENT SYSTEMS GOVERNMENTAL ORGANIZATION HUMAN RESOURCE HUMAN RESOURCE MANAGEMENT HUMAN RESOURCES INSTITUTIONAL DEVELOPMENT INSTITUTIONAL MECHANISMS INSTITUTIONAL REFORMS INTERNAL AUDIT INTERNAL CONTROLS LAWS LEGISLATION LEGISLATIVE FRAMEWORK LEGISLATIVE OVERSIGHT LEGISLATORS LEGISLATURE LEVELS OF GOVERNMENT LOCAL GOVERNMENT LOCAL GOVERNMENT FUNCTIONS MAINTENANCE COSTS MINISTRY OF FINANCE MUNICIPAL ADMINISTRATION NATIONAL EXPENDITURES PRIVATE SECTOR PROCUREMENT PRODUCTIVITY PROVINCIAL GOVERNMENTS PUBLIC ACCOUNTABILITY PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC EXPENDITURE REVIEW PUBLIC EXPENDITURES PUBLIC FUNDS PUBLIC GOODS PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC SECTOR PUBLIC SECTOR ACCOUNTABILITY PUBLIC SECTOR ACCOUNTING PUBLIC SERVICE PUBLIC SERVICE DELIVERY PUBLIC SERVICES PUBLIC SPENDING PUBLIC WORKS REFORM PROGRAMS REPRESENTATIVES REVENUE GROWTH STRUCTURAL ADJUSTMENT TAX TAX ADMINISTRATION TAX POLICY TECHNICAL ASSISTANCE TRANSPARENCY TRANSPORT TREASURY FINANCIAL ACCOUNTABILITY PUBLIC FINANCE MANAGEMENT FIDUCIARY RESPONSIBILITIES DEVELOPMENT OBJECTIVES CAPACITY BUILDING PROCESS FISCAL MANAGEMENT BUDGET ADMINISTRATION BENCHMARKING LEGISLATION ENVIRONMENT ACCOUNTING SYSTEMS AUDIT ENGAGEMENTS OVERSIGHT FINANCIAL MANAGEMENT TAX POLICY ACCOUNTING & REPORTING |
| spellingShingle |
ACCOUNT ACCOUNTABILITY ACCOUNTANTS ACCOUNTING ACCOUNTING STANDARDS ACCOUNTING SYSTEMS ACCOUNTS AUDIT REPORTS AUDITING AUDITS AUTHORITY AUTHORIZATION BUDGET DEFICITS BUDGET EXECUTION BUDGET IMPLEMENTATION BUDGET MANAGEMENT BUDGET MONITORING BUDGETARY RESOURCES BUDGETARY SUPPORT BUDGETING CAPITALS CASH MANAGEMENT CENTRAL GOVERNMENT CHIEF FINANCIAL OFFICERS CIVIL SERVICE COMPLIANCE AUDITING CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATION CONSTITUTION DATA RELIABILITY DEBT MANAGEMENT DEBT SERVICING DECISION MAKING DEVOLUTION DISCLOSURE DISTRICT GOVERNMENTS DISTRICTS EXCISE TAXES EXECUTION EXPENDITURE RESPONSIBILITIES FEDERAL FINANCE FEDERAL GOVERNMENT FINANCIAL ACCOUNTABILITY FINANCIAL CONTROL FINANCIAL DATA FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL REFORM FINANCIAL REGULATIONS FINANCIAL REPORTING FISCAL FISCAL DECENTRALIZATION FISCAL DEFICIT FISCAL MANAGEMENT FISCAL POLICY FISCAL RESPONSIBILITY FISCAL RESTRUCTURING FISCAL TRANSPARENCY FISCAL YEAR FUNDS FLOW GOOD PRACTICE GOOD PRACTICES GOVERNMENT LEVEL GOVERNMENT OFFICIALS GOVERNMENT SYSTEMS GOVERNMENTAL ORGANIZATION HUMAN RESOURCE HUMAN RESOURCE MANAGEMENT HUMAN RESOURCES INSTITUTIONAL DEVELOPMENT INSTITUTIONAL MECHANISMS INSTITUTIONAL REFORMS INTERNAL AUDIT INTERNAL CONTROLS LAWS LEGISLATION LEGISLATIVE FRAMEWORK LEGISLATIVE OVERSIGHT LEGISLATORS LEGISLATURE LEVELS OF GOVERNMENT LOCAL GOVERNMENT LOCAL GOVERNMENT FUNCTIONS MAINTENANCE COSTS MINISTRY OF FINANCE MUNICIPAL ADMINISTRATION NATIONAL EXPENDITURES PRIVATE SECTOR PROCUREMENT PRODUCTIVITY PROVINCIAL GOVERNMENTS PUBLIC ACCOUNTABILITY PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC EXPENDITURE REVIEW PUBLIC EXPENDITURES PUBLIC FUNDS PUBLIC GOODS PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC SECTOR PUBLIC SECTOR ACCOUNTABILITY PUBLIC SECTOR ACCOUNTING PUBLIC SERVICE PUBLIC SERVICE DELIVERY PUBLIC SERVICES PUBLIC SPENDING PUBLIC WORKS REFORM PROGRAMS REPRESENTATIVES REVENUE GROWTH STRUCTURAL ADJUSTMENT TAX TAX ADMINISTRATION TAX POLICY TECHNICAL ASSISTANCE TRANSPARENCY TRANSPORT TREASURY FINANCIAL ACCOUNTABILITY PUBLIC FINANCE MANAGEMENT FIDUCIARY RESPONSIBILITIES DEVELOPMENT OBJECTIVES CAPACITY BUILDING PROCESS FISCAL MANAGEMENT BUDGET ADMINISTRATION BENCHMARKING LEGISLATION ENVIRONMENT ACCOUNTING SYSTEMS AUDIT ENGAGEMENTS OVERSIGHT FINANCIAL MANAGEMENT TAX POLICY ACCOUNTING & REPORTING World Bank Islamic Republic of Pakistan : Country Financial Accountability Assessment |
| geographic_facet |
South Asia Pakistan |
| description |
The objective of the CFAA is to enhance
knowledge of public financial management (PFM) and
accountability arrangements in Bank's client countries.
As a diagnostic tool, the CFAA supports the Bank's
fiduciary responsibilities by identifying strengths and
weaknesses of PFM so that potential risks to Bank funds can
be managed. It also supports the Bank's development
objectives by facilitating common understanding with the
borrower and other development partners to assist in the
design of PFM capacity building programs. The CFAA can also
be used by the Government of Pakistan (GoP) to manage its
internal finances and to strengthen accountability
frameworks. This Country Financial Accountability Assessment
concludes that there are substantial opportunities for
consolidating current reforms and for introducing additional
reforms to further strengthen public financial
accountability. This will require sustained policy level
commitment. The Government's will to reform is
evidenced by the scale and variety of actions underway at
the Federal and provincial levels. The Government of
Pakistan has already embarked upon wide ranging reforms to
improve budgetary and accounting systems and internal
control arrangements. These reforms are now starting to show
results: The risks of revenue shortfalls have been reduced
with the initiation of tax policy and tax administration
reforms ~ The risks of increasing excess debt have been
reduced by more controlled budgeting and debt management
though the use of the Medium-Term Budget Framework (MTBF)
and the establishment of the Debt Office The risks of late
and inaccurate federal annual accounts have been reduced by
improved accounting controls introduced by the Controller
General of Accounts (CGA) in compilation of accounts and the
Fiscal Monitoring Committees in encouraging reconciliations.
The risks of limited transparency in accounts at all levels
have been reduced by the decisions to give the Auditor
General responsibility for certification audit of all annual
government accounts. |
| format |
Economic & Sector Work :: Country Financial Accountability Assessment |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Islamic Republic of Pakistan : Country Financial Accountability Assessment |
| title_short |
Islamic Republic of Pakistan : Country Financial Accountability Assessment |
| title_full |
Islamic Republic of Pakistan : Country Financial Accountability Assessment |
| title_fullStr |
Islamic Republic of Pakistan : Country Financial Accountability Assessment |
| title_full_unstemmed |
Islamic Republic of Pakistan : Country Financial Accountability Assessment |
| title_sort |
islamic republic of pakistan : country financial accountability assessment |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2003/12/2874350/pakistan-country-financial-accountability-assessment-project http://hdl.handle.net/10986/14688 |
| _version_ |
1764428415320981504 |
| spelling |
okr-10986-146882021-04-23T14:03:17Z Islamic Republic of Pakistan : Country Financial Accountability Assessment World Bank ACCOUNT ACCOUNTABILITY ACCOUNTANTS ACCOUNTING ACCOUNTING STANDARDS ACCOUNTING SYSTEMS ACCOUNTS AUDIT REPORTS AUDITING AUDITS AUTHORITY AUTHORIZATION BUDGET DEFICITS BUDGET EXECUTION BUDGET IMPLEMENTATION BUDGET MANAGEMENT BUDGET MONITORING BUDGETARY RESOURCES BUDGETARY SUPPORT BUDGETING CAPITALS CASH MANAGEMENT CENTRAL GOVERNMENT CHIEF FINANCIAL OFFICERS CIVIL SERVICE COMPLIANCE AUDITING CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATION CONSTITUTION DATA RELIABILITY DEBT MANAGEMENT DEBT SERVICING DECISION MAKING DEVOLUTION DISCLOSURE DISTRICT GOVERNMENTS DISTRICTS EXCISE TAXES EXECUTION EXPENDITURE RESPONSIBILITIES FEDERAL FINANCE FEDERAL GOVERNMENT FINANCIAL ACCOUNTABILITY FINANCIAL CONTROL FINANCIAL DATA FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL REFORM FINANCIAL REGULATIONS FINANCIAL REPORTING FISCAL FISCAL DECENTRALIZATION FISCAL DEFICIT FISCAL MANAGEMENT FISCAL POLICY FISCAL RESPONSIBILITY FISCAL RESTRUCTURING FISCAL TRANSPARENCY FISCAL YEAR FUNDS FLOW GOOD PRACTICE GOOD PRACTICES GOVERNMENT LEVEL GOVERNMENT OFFICIALS GOVERNMENT SYSTEMS GOVERNMENTAL ORGANIZATION HUMAN RESOURCE HUMAN RESOURCE MANAGEMENT HUMAN RESOURCES INSTITUTIONAL DEVELOPMENT INSTITUTIONAL MECHANISMS INSTITUTIONAL REFORMS INTERNAL AUDIT INTERNAL CONTROLS LAWS LEGISLATION LEGISLATIVE FRAMEWORK LEGISLATIVE OVERSIGHT LEGISLATORS LEGISLATURE LEVELS OF GOVERNMENT LOCAL GOVERNMENT LOCAL GOVERNMENT FUNCTIONS MAINTENANCE COSTS MINISTRY OF FINANCE MUNICIPAL ADMINISTRATION NATIONAL EXPENDITURES PRIVATE SECTOR PROCUREMENT PRODUCTIVITY PROVINCIAL GOVERNMENTS PUBLIC ACCOUNTABILITY PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC EXPENDITURE REVIEW PUBLIC EXPENDITURES PUBLIC FUNDS PUBLIC GOODS PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC SECTOR PUBLIC SECTOR ACCOUNTABILITY PUBLIC SECTOR ACCOUNTING PUBLIC SERVICE PUBLIC SERVICE DELIVERY PUBLIC SERVICES PUBLIC SPENDING PUBLIC WORKS REFORM PROGRAMS REPRESENTATIVES REVENUE GROWTH STRUCTURAL ADJUSTMENT TAX TAX ADMINISTRATION TAX POLICY TECHNICAL ASSISTANCE TRANSPARENCY TRANSPORT TREASURY FINANCIAL ACCOUNTABILITY PUBLIC FINANCE MANAGEMENT FIDUCIARY RESPONSIBILITIES DEVELOPMENT OBJECTIVES CAPACITY BUILDING PROCESS FISCAL MANAGEMENT BUDGET ADMINISTRATION BENCHMARKING LEGISLATION ENVIRONMENT ACCOUNTING SYSTEMS AUDIT ENGAGEMENTS OVERSIGHT FINANCIAL MANAGEMENT TAX POLICY ACCOUNTING & REPORTING The objective of the CFAA is to enhance knowledge of public financial management (PFM) and accountability arrangements in Bank's client countries. As a diagnostic tool, the CFAA supports the Bank's fiduciary responsibilities by identifying strengths and weaknesses of PFM so that potential risks to Bank funds can be managed. It also supports the Bank's development objectives by facilitating common understanding with the borrower and other development partners to assist in the design of PFM capacity building programs. The CFAA can also be used by the Government of Pakistan (GoP) to manage its internal finances and to strengthen accountability frameworks. This Country Financial Accountability Assessment concludes that there are substantial opportunities for consolidating current reforms and for introducing additional reforms to further strengthen public financial accountability. This will require sustained policy level commitment. The Government's will to reform is evidenced by the scale and variety of actions underway at the Federal and provincial levels. The Government of Pakistan has already embarked upon wide ranging reforms to improve budgetary and accounting systems and internal control arrangements. These reforms are now starting to show results: The risks of revenue shortfalls have been reduced with the initiation of tax policy and tax administration reforms ~ The risks of increasing excess debt have been reduced by more controlled budgeting and debt management though the use of the Medium-Term Budget Framework (MTBF) and the establishment of the Debt Office The risks of late and inaccurate federal annual accounts have been reduced by improved accounting controls introduced by the Controller General of Accounts (CGA) in compilation of accounts and the Fiscal Monitoring Committees in encouraging reconciliations. The risks of limited transparency in accounts at all levels have been reduced by the decisions to give the Auditor General responsibility for certification audit of all annual government accounts. 2013-07-31T20:19:16Z 2013-07-31T20:19:16Z 2003-12-30 http://documents.worldbank.org/curated/en/2003/12/2874350/pakistan-country-financial-accountability-assessment-project http://hdl.handle.net/10986/14688 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 South Asia Pakistan |