Jamaica Public Financial Management Enhancement
Public sector modernization and public financial management reforms are important areas of focus for Jamaica, particularly because of the impact that fiscal and budget-management practices and policies have on growth. Although the Government of Jam...
| Main Author: | |
|---|---|
| Format: | Report |
| Language: | English en_US |
| Published: |
Washington, DC
2015
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2014/11/24381920/jamaica-public-financial-management-pfm-enhancement http://hdl.handle.net/10986/21964 |
| id |
okr-10986-21964 |
|---|---|
| recordtype |
oai_dc |
| spelling |
okr-10986-219642021-04-23T14:04:05Z Jamaica Public Financial Management Enhancement World Bank ACTION PLAN APPROPRIATIONS APPROVAL PROCESS ASSISTANCE ORGANIZATION BACKBONE BUDGET EXECUTION BUDGET MANAGEMENT BUDGET PROCESS BUDGET REFORM BUDGETING BUSINESS PLAN CAPACITY BUILDING CAPITAL EXPENDITURES CAPITAL PROJECTS CONSOLIDATION COPYRIGHT CREDIBILITY DECISION MAKING PROCESS DONOR FUNDS E-MAIL EMPLOYEE EXPENDITURE EXPENDITURES EXTERNAL FUNDING FINANCIAL ACCOUNTABILITY FINANCIAL ADMINISTRATION FINANCIAL MANAGEMENT FINANCIAL SYSTEMS FISCAL CONSTRAINTS FISCAL MANAGEMENT FISCAL PERFORMANCE FISCAL POLICY FUNDING SOURCE GOVERNMENT POLICY GOVERNMENT SPENDING INFORMATION FLOWS INFORMATION SYSTEM INSTITUTIONAL CAPACITY INSTITUTIONAL SUPPORT INSTRUMENT INTERNAL CONTROLS INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INVESTMENT ALLOCATIONS INVESTMENT PORTFOLIO INVESTMENT PROJECTS INVESTMENT PROPOSALS LICENSES LOAN LOCAL CAPACITIES MANAGEMENT SYSTEM MATERIAL MDAS MONETARY FUND POLICY FRAMEWORK PROCUREMENT PUBLIC PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC FINANCES PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC SECTOR PUBLIC SECTOR REFORM PUBLIC SPENDING PUBLIC-PRIVATE PARTNERSHIP PUBLIC-PRIVATE PARTNERSHIPS QUERIES RECURRENT EXPENDITURES REGIONAL TECHNICAL ASSISTANCE RESULT RESULTS SAVINGS SUBSIDIARY TARGETS TECHNICAL ASSISTANCE TECHNICAL SUPPORT TELEPHONE TRUST FUND USER WEB Public sector modernization and public financial management reforms are important areas of focus for Jamaica, particularly because of the impact that fiscal and budget-management practices and policies have on growth. Although the Government of Jamaica (GOJ) has undertaken several initiatives during the past few years aimed at strengthening management of its public finances, several fundamental issues continue to affect its fiscal performance. Fiscal management in Jamaica has been guided by a set of rules that does not support strategic approaches necessary for addressing its existing challenges. Budget planning is fragmented, especially for capital expenditures. Systems for ensuring that public investment allocations are clearly prioritized and aligned with strategic development plans and programs are inadequate. The weak link between government priorities, planning, and budget contributed to inefficient monitoring of public spending. The recent PEFA Assessment conducted in late 2012 confirms these conclusions. Addressing these impediments is the basis for the support provided by the current program. Therefore, the interventions coupled with this project aimed to enhance public financial management (PFM) by supporting efforts to improve strategic budget processes and public investment management through the provision of policy advice, technical assistance, and knowledge generation and dissemination. By doing that, it was intended to alleviate some of the PFM-based constraints, distortions and factors limiting growth such as inefficient budgeting processes, insufficient control over public investment planning process, and weak links between government priorities, planning, and budget. 2015-05-21T16:27:53Z 2015-05-21T16:27:53Z 2014-11-13 Report http://documents.worldbank.org/curated/en/2014/11/24381920/jamaica-public-financial-management-pfm-enhancement http://hdl.handle.net/10986/21964 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work Economic & Sector Work :: Public Investment Review Jamaica |
| 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 |
ACTION PLAN APPROPRIATIONS APPROVAL PROCESS ASSISTANCE ORGANIZATION BACKBONE BUDGET EXECUTION BUDGET MANAGEMENT BUDGET PROCESS BUDGET REFORM BUDGETING BUSINESS PLAN CAPACITY BUILDING CAPITAL EXPENDITURES CAPITAL PROJECTS CONSOLIDATION COPYRIGHT CREDIBILITY DECISION MAKING PROCESS DONOR FUNDS EMPLOYEE EXPENDITURE EXPENDITURES EXTERNAL FUNDING FINANCIAL ACCOUNTABILITY FINANCIAL ADMINISTRATION FINANCIAL MANAGEMENT FINANCIAL SYSTEMS FISCAL CONSTRAINTS FISCAL MANAGEMENT FISCAL PERFORMANCE FISCAL POLICY FUNDING SOURCE GOVERNMENT POLICY GOVERNMENT SPENDING INFORMATION FLOWS INFORMATION SYSTEM INSTITUTIONAL CAPACITY INSTITUTIONAL SUPPORT INSTRUMENT INTERNAL CONTROLS INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INVESTMENT ALLOCATIONS INVESTMENT PORTFOLIO INVESTMENT PROJECTS INVESTMENT PROPOSALS LICENSES LOAN LOCAL CAPACITIES MANAGEMENT SYSTEM MATERIAL MDAS MONETARY FUND POLICY FRAMEWORK PROCUREMENT PUBLIC PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC FINANCES PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC SECTOR PUBLIC SECTOR REFORM PUBLIC SPENDING PUBLIC-PRIVATE PARTNERSHIP PUBLIC-PRIVATE PARTNERSHIPS QUERIES RECURRENT EXPENDITURES REGIONAL TECHNICAL ASSISTANCE RESULT RESULTS SAVINGS SUBSIDIARY TARGETS TECHNICAL ASSISTANCE TECHNICAL SUPPORT TELEPHONE TRUST FUND USER WEB |
| spellingShingle |
ACTION PLAN APPROPRIATIONS APPROVAL PROCESS ASSISTANCE ORGANIZATION BACKBONE BUDGET EXECUTION BUDGET MANAGEMENT BUDGET PROCESS BUDGET REFORM BUDGETING BUSINESS PLAN CAPACITY BUILDING CAPITAL EXPENDITURES CAPITAL PROJECTS CONSOLIDATION COPYRIGHT CREDIBILITY DECISION MAKING PROCESS DONOR FUNDS EMPLOYEE EXPENDITURE EXPENDITURES EXTERNAL FUNDING FINANCIAL ACCOUNTABILITY FINANCIAL ADMINISTRATION FINANCIAL MANAGEMENT FINANCIAL SYSTEMS FISCAL CONSTRAINTS FISCAL MANAGEMENT FISCAL PERFORMANCE FISCAL POLICY FUNDING SOURCE GOVERNMENT POLICY GOVERNMENT SPENDING INFORMATION FLOWS INFORMATION SYSTEM INSTITUTIONAL CAPACITY INSTITUTIONAL SUPPORT INSTRUMENT INTERNAL CONTROLS INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INVESTMENT ALLOCATIONS INVESTMENT PORTFOLIO INVESTMENT PROJECTS INVESTMENT PROPOSALS LICENSES LOAN LOCAL CAPACITIES MANAGEMENT SYSTEM MATERIAL MDAS MONETARY FUND POLICY FRAMEWORK PROCUREMENT PUBLIC PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC FINANCES PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC SECTOR PUBLIC SECTOR REFORM PUBLIC SPENDING PUBLIC-PRIVATE PARTNERSHIP PUBLIC-PRIVATE PARTNERSHIPS QUERIES RECURRENT EXPENDITURES REGIONAL TECHNICAL ASSISTANCE RESULT RESULTS SAVINGS SUBSIDIARY TARGETS TECHNICAL ASSISTANCE TECHNICAL SUPPORT TELEPHONE TRUST FUND USER WEB World Bank Jamaica Public Financial Management Enhancement |
| geographic_facet |
Jamaica |
| description |
Public sector modernization and public
financial management reforms are important areas of focus
for Jamaica, particularly because of the impact that fiscal
and budget-management practices and policies have on growth.
Although the Government of Jamaica (GOJ) has undertaken
several initiatives during the past few years aimed at
strengthening management of its public finances, several
fundamental issues continue to affect its fiscal
performance. Fiscal management in Jamaica has been guided by
a set of rules that does not support strategic approaches
necessary for addressing its existing challenges. Budget
planning is fragmented, especially for capital expenditures.
Systems for ensuring that public investment allocations are
clearly prioritized and aligned with strategic development
plans and programs are inadequate. The weak link between
government priorities, planning, and budget contributed to
inefficient monitoring of public spending. The recent PEFA
Assessment conducted in late 2012 confirms these
conclusions. Addressing these impediments is the basis for
the support provided by the current program. Therefore, the
interventions coupled with this project aimed to enhance
public financial management (PFM) by supporting efforts to
improve strategic budget processes and public investment
management through the provision of policy advice, technical
assistance, and knowledge generation and dissemination. By
doing that, it was intended to alleviate some of the
PFM-based constraints, distortions and factors limiting
growth such as inefficient budgeting processes, insufficient
control over public investment planning process, and weak
links between government priorities, planning, and budget. |
| format |
Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Jamaica Public Financial Management Enhancement |
| title_short |
Jamaica Public Financial Management Enhancement |
| title_full |
Jamaica Public Financial Management Enhancement |
| title_fullStr |
Jamaica Public Financial Management Enhancement |
| title_full_unstemmed |
Jamaica Public Financial Management Enhancement |
| title_sort |
jamaica public financial management enhancement |
| publisher |
Washington, DC |
| publishDate |
2015 |
| url |
http://documents.worldbank.org/curated/en/2014/11/24381920/jamaica-public-financial-management-pfm-enhancement http://hdl.handle.net/10986/21964 |
| _version_ |
1764449523312099328 |