Democratic Republic of São Tomé and Príncipe Country Integrated Fiduciary Assessment : Volume 4. Country Financial Accountability Assessment and Evaluation of Ongoing Reforms

This Integrated Fiduciary Assessment is the first of its kind for Sao Tome and Principe. It combines the analysis and policy recommendations from a public expenditure review (PER), a country financial accountability assessment (CFAA), and a country...

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Bibliographic Details
Main Author:	World Bank
Format:	Integrated Fiduciary Assessment
Language:	English en_US
Published:	Washington, DC 2012
Subjects:	ACCOUNTANT ACCOUNTING ACCOUNTING STANDARDS ACCOUNTING SYSTEM ADMINISTRATIVE CONTROL ADMINISTRATIVE CONTROLS ADMINISTRATIVE SYSTEMS AGENCY EMPLOYEES ALLOCATION ANNUAL BUDGET ANNUAL WORK PROGRAM APPROPRIATIONS ARBITRATION ARREARS ARTICLE BALANCE SHEET BANK ACCOUNTS BID BIDS BUDGET ALLOCATIONS BUDGET BALANCE BUDGET CIRCULAR BUDGET CONSTRAINTS BUDGET DOES BUDGET ESTIMATES BUDGET EXECUTION BUDGET EXPENDITURE BUDGET FORMULATION BUDGET FRAMEWORK BUDGET IMPLEMENTATION BUDGET LAW BUDGET MANAGEMENT BUDGET MANAGERS BUDGET OPERATIONS BUDGET OUTCOME BUDGET PLANNING BUDGET PREPARATION BUDGET PREPARATION PROCEDURE BUDGET PREPARATION PROCESS BUDGET PROCESS BUDGET PROPOSAL BUDGET PROPOSALS BUDGET SITUATION BUDGET SYSTEM BUDGETARY DATA BUDGETARY OPERATIONS BUDGETARY PRINCIPLES CAPACITY BUILDING CAPITAL EXPENDITURE CAPITAL EXPENDITURES CAPITAL SPENDING CASH BALANCE CASH FLOW CASH MANAGEMENT CASH TRANSACTIONS CD CENTRAL BANK CENTRAL GOVERNMENT CIVIL SERVANTS COUNTRY PROCUREMENT COUNTRY PROCUREMENT ASSESSMENT CREDITS CREDITWORTHINESS DATA RELIABILITY DEBT DATA DEBT MANAGEMENT DECENTRALIZATION DEVELOPMENT BANK DISBURSEMENTS ECONOMIC MANAGEMENT EQUIPMENT EXPENDITURE BUDGET EXPENDITURE CEILING EXPENDITURE CEILINGS EXPENDITURE CYCLE EXPENDITURE FORECAST EXPENDITURE FRAMEWORK EXPENDITURE PROCESS EXPENDITURE PROGRAMMING EXTERNAL DEBT EXTERNAL FINANCING FIDUCIARY ASSESSMENT FINANCIAL ACCOUNTABILITY FINANCIAL ADMINISTRATION FINANCIAL ANALYSIS FINANCIAL MANAGEMENT FINANCIAL OPERATIONS FINANCIAL POSITION FINANCIAL PROGRAMMING FINANCIAL RESOURCES FINANCIAL RISK FISCAL BALANCE FISCAL EXPENDITURE FISCAL IMPACT FISCAL POLICY FISCAL REVENUE FISCAL SYSTEM FISCAL YEARS FOREIGN FINANCING FRAUD GOVERNMENT ACCOUNTING GOVERNMENT ACCOUNTING SYSTEM GOVERNMENT BUDGET GOVERNMENT EXPENDITURES GOVERNMENT REVENUES GOVERNMENT STRUCTURES HOLDING HUMAN RESOURCE HUMAN RESOURCES IMMOVABLE ASSETS INCOME TAX INFORMATION SYSTEM INFORMATION SYSTEMS INFORMATION TECHNOLOGY INSTRUMENT INTERNAL AUDIT INTERNAL CONTROL INTERNAL CONTROLS INTERNATIONAL STANDARDS INVENTORY INVESTMENT BUDGET INVESTMENT BUDGETING INVESTMENT EXPENDITURE INVESTMENT EXPENDITURES INVESTMENT SPENDING JUDICIAL SYSTEM LEGAL FRAMEWORK LEGAL INSTRUMENTS LIQUIDATION LOAN LOAN CONTRACTS LONG TERM DEBT MACROECONOMIC FRAMEWORK MARKET PRICES MATURITIES MEDIUM TERM EXPENDITURE MEDIUM TERM EXPENDITURE FRAMEWORK MEDIUM-TERM EXPENDITURE MEDIUM-TERM EXPENDITURE FRAMEWORK MONETARY FUND MONETARY UNION MULTILATERAL DONORS NATIONAL TREASURY OPERATING EXPENDITURES OPERATIONAL EXPENDITURES OUTSTANDING AMOUNTS PAYMENT ORDER PAYMENT ORDERS PAYROLL TAXES PERSONNEL EXPENDITURES POVERTY REDUCTION PRIVATE ENTERPRISES PROGRAM CLASSIFICATION PROGRAM CLASSIFICATIONS PROGRAMS PUBLIC ACCOUNTS PUBLIC ADMINISTRATION PUBLIC AUTHORITIES PUBLIC DEBT PUBLIC DEBT MANAGEMENT PUBLIC ENTERPRISE PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC EXPENDITURE REVIEW PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC FINANCES PUBLIC FINANCIAL MANAGEMENT PUBLIC FUNDS PUBLIC INTEREST PUBLIC INVESTMENT PUBLIC INVESTMENT PROGRAM PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SERVICE PUBLIC SPENDING PUBLIC WORKS QUALITY CONTROL RECURRENT EXPENDITURE RECURRENT EXPENDITURES REFORM ACTIONS REFORM PROCESS REGIONAL ADMINISTRATION REGULATORY FRAMEWORK RESOURCE AVAILABILITY RETURNS REVENUE FORECAST RISK ASSESSMENT SALARY PAYMENTS SECURITIES SENIOR SERVICE PROVIDER SERVICE PROVIDERS STAKEHOLDERS TAX ADMINISTRATION TAX COLLECTION TAX REVENUE TAX REVENUES TAX SYSTEM TAXPAYERS TOTAL EXPENDITURES TRANSACTION TRANSPARENCY TREASURY TREASURY DIRECTORATE TREASURY MANAGEMENT UNCERTAINTY WAGE
Online Access:	http://documents.worldbank.org/curated/en/2007/06/9823677/democratic-republic-sao-tome-principe-country-integrated-fiduciary-assessment-vol-4-4-country-financial-accountability-assessment-evaluation-ongoing-reforms http://hdl.handle.net/10986/7552

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Summary:	This Integrated Fiduciary Assessment is the first of its kind for Sao Tome and Principe. It combines the analysis and policy recommendations from a public expenditure review (PER), a country financial accountability assessment (CFAA), and a country procurement assessment review (CPAR). The goal of the report is to identify the major challenges facing the country in the prepetroleum era (the next three to five years) in public finance management (including public enterprises) as it attempts to implement its National Poverty Reduction Strategy (NPRS) with a tight resource envelope. This executive summary presents recent economic developments and fiscal sustainability analysis that takes into account petroleum and no-petroleum scenarios, with corresponding analysis on which of the Millennium Development Goals (MDGs) are reachable. The summary reports on revenue and expenditure performance since 2000-01, issues related to the implementation of the public investment program (PIP) and its coordination with the NPRS, and the budget process, including findings from the Health PER, which highlights a lack of allocative efficiency. The summary reports on the financial fragility of state-owned enterprises (SOEs) and the possible fiscal consequences for the central budget, especially regarding the implicit subsidies and tax breaks to (and the hypothetical tariff increases of) the electricity and water company. The summary of reports on the status of the public finance management system (budget preparation, execution, control, governance, and human resources) and the reform process that may address many of the concerns it rises. Finally, the summary presents the findings related to the procurement process, including the legislative and regulatory framework, institutional framework and management capacity, procurement operations and market practices, and integrity and transparency of the system.

Democratic Republic of São Tomé and Príncipe Country Integrated Fiduciary Assessment : Volume 4. Country Financial Accountability Assessment and Evaluation of Ongoing Reforms

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