East Asia Update, October 2001 : Regional Overview
Governments' first instincts are often to attempt to tackle weaknesses in public financial accountability by investing in computerization of financial management information systems. However, in most East Asian contexts the World Bank advises countries that reforms need to start not from the te...
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World Bank, Washington, DC
2020
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| Online Access: | http://documents.worldbank.org/curated/en/698051468095047606/East-Asia-regional-overview http://hdl.handle.net/10986/33500 |
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okr-10986-335002021-04-23T14:05:20Z East Asia Update, October 2001 : Regional Overview World Bank PUBLIC FINANCIAL MANAGEMENT ACCOUNTABILITY ECONOMIC GROWTH ECONOMIC OUTLOOK POVERTY REDUCTION TRADE CAPITAL FLOWS FISCAL TRENDS SHOCKS VOLATILITY CAPITAL MARKETS PRIVATE INVESTMENT INVESTMENT CLIMATE ACCOUNTABILITY Governments' first instincts are often to attempt to tackle weaknesses in public financial accountability by investing in computerization of financial management information systems. However, in most East Asian contexts the World Bank advises countries that reforms need to start not from the technical hardware of IT but from an effectively implemented reform of the foundations of public financial accountability, starting with budget management processes and the control regime. Immediate priority steps include: reforming the budget process to improve policy prioritization and fiscal discipline, including integration of off-budget accounts into the main budget; better coordination of planning and budgeting; better coordination of current and capital expenditure; more rigorous medium-term fiscal and expenditure planning; greater ownership of budgets by line departments and frontline service providers; the integration of performance information into the budget formulation process; and streamlining both internal and external management control systems. Countries such as Thailand, Vietnam, Indonesia and the Philippines are working with the World Bank to modernize public financial accountability institutions. 2020-03-31T20:48:58Z 2020-03-31T20:48:58Z 2001-10 Serial http://documents.worldbank.org/curated/en/698051468095047606/East-Asia-regional-overview http://hdl.handle.net/10986/33500 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Publication East Asia and Pacific East Asia Oceania |
| repository_type |
Digital Repository |
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Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
PUBLIC FINANCIAL MANAGEMENT ACCOUNTABILITY ECONOMIC GROWTH ECONOMIC OUTLOOK POVERTY REDUCTION TRADE CAPITAL FLOWS FISCAL TRENDS SHOCKS VOLATILITY CAPITAL MARKETS PRIVATE INVESTMENT INVESTMENT CLIMATE ACCOUNTABILITY |
| spellingShingle |
PUBLIC FINANCIAL MANAGEMENT ACCOUNTABILITY ECONOMIC GROWTH ECONOMIC OUTLOOK POVERTY REDUCTION TRADE CAPITAL FLOWS FISCAL TRENDS SHOCKS VOLATILITY CAPITAL MARKETS PRIVATE INVESTMENT INVESTMENT CLIMATE ACCOUNTABILITY World Bank East Asia Update, October 2001 : Regional Overview |
| geographic_facet |
East Asia and Pacific East Asia Oceania |
| description |
Governments' first instincts are often to attempt to tackle weaknesses in public financial accountability by investing in computerization of financial management information systems. However, in most East Asian contexts the World Bank advises countries that reforms need to start not from the technical hardware of IT but from an effectively implemented reform of the foundations of public financial accountability, starting with budget management processes and the control regime. Immediate priority steps include: reforming the budget process to improve policy prioritization and fiscal discipline, including integration of off-budget accounts into the main budget; better coordination of planning and budgeting; better coordination of current and capital expenditure; more rigorous medium-term fiscal and expenditure planning; greater ownership of budgets by line departments and frontline service providers; the integration of performance information into the budget formulation process; and streamlining both internal and external management control systems. Countries such as Thailand, Vietnam, Indonesia and the Philippines are working with the World Bank to modernize public financial accountability institutions. |
| format |
Serial |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
East Asia Update, October 2001 : Regional Overview |
| title_short |
East Asia Update, October 2001 : Regional Overview |
| title_full |
East Asia Update, October 2001 : Regional Overview |
| title_fullStr |
East Asia Update, October 2001 : Regional Overview |
| title_full_unstemmed |
East Asia Update, October 2001 : Regional Overview |
| title_sort |
east asia update, october 2001 : regional overview |
| publisher |
World Bank, Washington, DC |
| publishDate |
2020 |
| url |
http://documents.worldbank.org/curated/en/698051468095047606/East-Asia-regional-overview http://hdl.handle.net/10986/33500 |
| _version_ |
1764478898896109568 |