Institutional transformation and strengthening of Latin America’s ministries of finance: From control to the strategic use of public resources for development
The institutional development of ministries of finance determines their capacities to achieve fiscal policy objectives (sustainability) and contribute to economic policy objectives. This study analyses the institutional transformation of ministries of finance in Latin America. Methodologically, it examines the functions assigned by law (legal-regulatory frameworks). Analytically, it proposes two categories of functional models (traditional models focused on spending control and modern ones focused on strategic spending management). Successful institutional strengthening processes have at least four dimensions: development of regulations, processes, and methodologies; recruiting and training of human talent; the development and implementation of digital government tools; and the financial resources to develop these dimensions. The COVID-19 pandemic has exposed the weaknesses suffered by institutions in their capacities to meet economic and social challenges. This study highlights the need to close gaps in the institutional development of ministries of finance and move away from a traditional functional model towards a more modern one, in order to tackle challenges of macroeconomic and fiscal policy and quality and inclusion in public services.
Main Authors: | , |
---|---|
Format: | Texto biblioteca |
Language: | English |
Published: |
ECLAC
2023-04-27
|
Subjects: | ADMINISTRACION PUBLICA, MINISTERIOS, REFORMA ADMINISTRATIVA, HACIENDA PUBLICA, GASTOS PUBLICOS, POLITICA FISCAL, DESARROLLO ECONOMICO, COVID-19, CAMBIO ORGANIZACIONAL, GOBIERNO ABIERTO, PANDEMIAS, PUBLIC ADMINISTRATION, GOVERNMENT DEPARTMENTS, ADMINISTRATIVE REFORM, PUBLIC FINANCE, PUBLIC EXPENDITURES, FISCAL POLICY, ECONOMIC DEVELOPMENT, ORGANIZATIONAL CHANGE, OPEN GOVERNMENT, PANDEMICS, |
Online Access: | https://hdl.handle.net/11362/48846 |
Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
id |
dig-cepal-11362-48846 |
---|---|
record_format |
koha |
spelling |
dig-cepal-11362-488462023-04-28T14:40:51Z Institutional transformation and strengthening of Latin America’s ministries of finance: From control to the strategic use of public resources for development Arenas de Mesa, Alberto Mosqueira, Edgardo ADMINISTRACION PUBLICA MINISTERIOS REFORMA ADMINISTRATIVA HACIENDA PUBLICA GASTOS PUBLICOS POLITICA FISCAL DESARROLLO ECONOMICO COVID-19 CAMBIO ORGANIZACIONAL GOBIERNO ABIERTO PANDEMIAS PUBLIC ADMINISTRATION GOVERNMENT DEPARTMENTS ADMINISTRATIVE REFORM PUBLIC FINANCE PUBLIC EXPENDITURES FISCAL POLICY ECONOMIC DEVELOPMENT COVID-19 ORGANIZATIONAL CHANGE OPEN GOVERNMENT PANDEMICS The institutional development of ministries of finance determines their capacities to achieve fiscal policy objectives (sustainability) and contribute to economic policy objectives. This study analyses the institutional transformation of ministries of finance in Latin America. Methodologically, it examines the functions assigned by law (legal-regulatory frameworks). Analytically, it proposes two categories of functional models (traditional models focused on spending control and modern ones focused on strategic spending management). Successful institutional strengthening processes have at least four dimensions: development of regulations, processes, and methodologies; recruiting and training of human talent; the development and implementation of digital government tools; and the financial resources to develop these dimensions. The COVID-19 pandemic has exposed the weaknesses suffered by institutions in their capacities to meet economic and social challenges. This study highlights the need to close gaps in the institutional development of ministries of finance and move away from a traditional functional model towards a more modern one, in order to tackle challenges of macroeconomic and fiscal policy and quality and inclusion in public services. Introduction .-- I. The Institutional Transformation of Ministries of Finance in Latin America .-- II. Levels of Institutional Development in Latin American Ministries of Finance: Traditional, in Transition, and Modern .-- III. Institutional Reforms and Changes in the Region’s Ministries of Finance, 2010–2020 .-- IV. Conclusions and Challenges in the Institutional Sphere. 2023-04-27T21:02:56Z 2023-04-27T21:02:56Z 2023-04-27 Texto Documento Completo https://hdl.handle.net/11362/48846 LC/TS.2021/23 en Documents de Proyectos .pdf application/pdf AMERICA LATINA LATIN AMERICA ECLAC BID |
institution |
CEPAL |
collection |
DSpace |
country |
Chile |
countrycode |
CL |
component |
Bibliográfico |
access |
En linea |
databasecode |
dig-cepal |
tag |
biblioteca |
region |
America del Sur |
libraryname |
Biblioteca Hernán Santa Cruz |
language |
English |
topic |
ADMINISTRACION PUBLICA MINISTERIOS REFORMA ADMINISTRATIVA HACIENDA PUBLICA GASTOS PUBLICOS POLITICA FISCAL DESARROLLO ECONOMICO COVID-19 CAMBIO ORGANIZACIONAL GOBIERNO ABIERTO PANDEMIAS PUBLIC ADMINISTRATION GOVERNMENT DEPARTMENTS ADMINISTRATIVE REFORM PUBLIC FINANCE PUBLIC EXPENDITURES FISCAL POLICY ECONOMIC DEVELOPMENT COVID-19 ORGANIZATIONAL CHANGE OPEN GOVERNMENT PANDEMICS ADMINISTRACION PUBLICA MINISTERIOS REFORMA ADMINISTRATIVA HACIENDA PUBLICA GASTOS PUBLICOS POLITICA FISCAL DESARROLLO ECONOMICO COVID-19 CAMBIO ORGANIZACIONAL GOBIERNO ABIERTO PANDEMIAS PUBLIC ADMINISTRATION GOVERNMENT DEPARTMENTS ADMINISTRATIVE REFORM PUBLIC FINANCE PUBLIC EXPENDITURES FISCAL POLICY ECONOMIC DEVELOPMENT COVID-19 ORGANIZATIONAL CHANGE OPEN GOVERNMENT PANDEMICS |
spellingShingle |
ADMINISTRACION PUBLICA MINISTERIOS REFORMA ADMINISTRATIVA HACIENDA PUBLICA GASTOS PUBLICOS POLITICA FISCAL DESARROLLO ECONOMICO COVID-19 CAMBIO ORGANIZACIONAL GOBIERNO ABIERTO PANDEMIAS PUBLIC ADMINISTRATION GOVERNMENT DEPARTMENTS ADMINISTRATIVE REFORM PUBLIC FINANCE PUBLIC EXPENDITURES FISCAL POLICY ECONOMIC DEVELOPMENT COVID-19 ORGANIZATIONAL CHANGE OPEN GOVERNMENT PANDEMICS ADMINISTRACION PUBLICA MINISTERIOS REFORMA ADMINISTRATIVA HACIENDA PUBLICA GASTOS PUBLICOS POLITICA FISCAL DESARROLLO ECONOMICO COVID-19 CAMBIO ORGANIZACIONAL GOBIERNO ABIERTO PANDEMIAS PUBLIC ADMINISTRATION GOVERNMENT DEPARTMENTS ADMINISTRATIVE REFORM PUBLIC FINANCE PUBLIC EXPENDITURES FISCAL POLICY ECONOMIC DEVELOPMENT COVID-19 ORGANIZATIONAL CHANGE OPEN GOVERNMENT PANDEMICS Arenas de Mesa, Alberto Mosqueira, Edgardo Institutional transformation and strengthening of Latin America’s ministries of finance: From control to the strategic use of public resources for development |
description |
The institutional development of ministries of finance determines their capacities to achieve fiscal policy objectives (sustainability) and contribute to economic policy objectives. This study analyses the institutional transformation of ministries of finance in Latin America. Methodologically, it examines the functions assigned by law (legal-regulatory frameworks). Analytically, it proposes two categories of functional models (traditional models focused on spending control and modern ones focused on strategic spending management). Successful institutional strengthening processes have at least four dimensions: development of regulations, processes, and methodologies; recruiting and training of human talent; the development and implementation of digital government tools; and the financial resources to develop these dimensions.
The COVID-19 pandemic has exposed the weaknesses suffered by institutions in their capacities to meet economic and social challenges. This study highlights the need to close gaps in the institutional development of ministries of finance and move away from a traditional functional model towards a more modern one, in order to tackle challenges of macroeconomic and fiscal policy and quality and inclusion in public services. |
format |
Texto |
topic_facet |
ADMINISTRACION PUBLICA MINISTERIOS REFORMA ADMINISTRATIVA HACIENDA PUBLICA GASTOS PUBLICOS POLITICA FISCAL DESARROLLO ECONOMICO COVID-19 CAMBIO ORGANIZACIONAL GOBIERNO ABIERTO PANDEMIAS PUBLIC ADMINISTRATION GOVERNMENT DEPARTMENTS ADMINISTRATIVE REFORM PUBLIC FINANCE PUBLIC EXPENDITURES FISCAL POLICY ECONOMIC DEVELOPMENT COVID-19 ORGANIZATIONAL CHANGE OPEN GOVERNMENT PANDEMICS |
author |
Arenas de Mesa, Alberto Mosqueira, Edgardo |
author_facet |
Arenas de Mesa, Alberto Mosqueira, Edgardo |
author_sort |
Arenas de Mesa, Alberto |
title |
Institutional transformation and strengthening of Latin America’s ministries of finance: From control to the strategic use of public resources for development |
title_short |
Institutional transformation and strengthening of Latin America’s ministries of finance: From control to the strategic use of public resources for development |
title_full |
Institutional transformation and strengthening of Latin America’s ministries of finance: From control to the strategic use of public resources for development |
title_fullStr |
Institutional transformation and strengthening of Latin America’s ministries of finance: From control to the strategic use of public resources for development |
title_full_unstemmed |
Institutional transformation and strengthening of Latin America’s ministries of finance: From control to the strategic use of public resources for development |
title_sort |
institutional transformation and strengthening of latin america’s ministries of finance: from control to the strategic use of public resources for development |
publisher |
ECLAC |
publishDate |
2023-04-27 |
url |
https://hdl.handle.net/11362/48846 |
work_keys_str_mv |
AT arenasdemesaalberto institutionaltransformationandstrengtheningoflatinamericasministriesoffinancefromcontroltothestrategicuseofpublicresourcesfordevelopment AT mosqueiraedgardo institutionaltransformationandstrengtheningoflatinamericasministriesoffinancefromcontroltothestrategicuseofpublicresourcesfordevelopment |
_version_ |
1764984686631714816 |