PFM Design under Capacity Constraints : Planning Public Financial Management Reforms in Pacific Island Countries

This note is intended to inform Public Financial Management (PFM) reform in small Pacific Island Countries (PICs). PFM systems in PIC contexts are often very different from the sophisticated and comprehensive systems operating in larger, wealthier countries. The authors give two key messages. Firstly, PFM capacity should be prioritized to areas that matter most in achieving development outcomes, and reforms should be intended to address specific, identified, problems, rather than to achieve blueprint good practice standards. Secondly, with small numbers of staff and high staff turnover limiting potential for sustainable gains from standard capacity building solutions (such as training programs and workshops), broader options for meeting capacity gaps should be considered, including accessing ongoing support for specialized tasks or even the wholesale outsourcing of certain functions. The three main sections of this note are as follows: (i) how to plan PFM reforms, including through the development of PFM roadmaps; (ii) how to prioritize limited PFM reform capacity to address the most pressing constraints to development; and (iii) how to access additional capacity to implement and sustain required PFM reforms.

Bibliographic Details

Main Authors:	World Bank, International Monetary Fund
Language:	English en_US
Published:	World Bank, Washington, DC 2013-07
Subjects:	ACCESS TO INFORMATION, ACCOUNTABILITY ARRANGEMENTS, ACCOUNTABILITY FOR RESULTS, ACCOUNTABILITY SYSTEMS, ACCOUNTING, ACCOUNTING SYSTEMS, ACCUMULATION OF DEBT, AGGREGATE EXPENDITURE, AGGREGATE FISCAL, ALLOCATION, ALLOCATION OF RESOURCES, ANNUAL BUDGET, ANNUAL FINANCIAL STATEMENTS, APPROPRIATIONS, ARREARS, BANK POLICY, BUDGET ALLOCATIONS, BUDGET DEVELOPMENT, BUDGET DOCUMENTATION, BUDGET EXECUTION, BUDGET EXPENDITURE, BUDGET INFORMATION, BUDGET LAW, BUDGET POLICY, BUDGET PREPARATION, BUDGET PROCESS, BUDGET SUPPORT, BUDGET SYSTEMS, BUDGETARY ALLOCATIONS, BUDGETARY POLICY, BUDGETING, BUDGETING PROCESS, CAPACITY BUILDING, CAPACITY CONSTRAINTS, CAPACITY-BUILDING, CASH BALANCES, CASH FLOW, CASH FLOWS, CASH MANAGEMENT, CASH MANAGEMENT SYSTEMS, CASH RATIONING, CASH RESERVES, CENTRAL AGENCIES, CENTRAL GOVERNMENT, CHECKS, CIVIL SERVANTS, CIVIL SOCIETY ORGANIZATIONS, COMPETITIVE PROCUREMENT, CONTINGENT LIABILITIES, DEBT, DEBT DYNAMICS, DEBT SERVICING, DEBT SERVICING COSTS, DEBT SUSTAINABILITY, DECISION-MAKERS, DEFICITS, DEVELOPING COUNTRIES, DISCRETIONARY PROGRAMS, DONOR AGENCIES, DONOR FUNDS, ECONOMIC SHOCKS, ECONOMIC VOLATILITY, ECONOMIES OF SCALE, EFFICIENCY IMPROVEMENTS, EFFICIENT USE, EFFICIENT USE OF PUBLIC RESOURCES, ENABLING ENVIRONMENT, EQUIPMENT, EXPENDITURE ALLOCATIONS, EXPENDITURE CEILINGS, EXPENDITURE CONTROL, EXPENDITURE CONTROL SYSTEMS, EXPENDITURE CONTROLS, EXPENDITURE DATA, EXPENDITURE DECISIONS, EXPENDITURE ENVELOPES, EXPENDITURE LEVELS, EXPENDITURE OBLIGATIONS, EXPENDITURE PRIORITIES, EXPENDITURES, EXTERNAL ASSISTANCE, EXTERNAL AUDIT, EXTERNAL AUDITORS, EXTERNAL SHOCKS, FINANCE MINISTRY, FINANCIAL ACCOUNTABILITY, FINANCIAL COMPLIANCE, FINANCIAL RESOURCES, FISCAL CONTROL, FISCAL DATA, FISCAL DECENTRALIZATION, FISCAL FORECASTS, FISCAL IMPLICATIONS, FISCAL INFORMATION, FISCAL RELATIONS, FISCAL RISK, FISCAL RISKS, FISCAL SPACE, FISCAL STABILITY, FISCAL SUSTAINABILITY, GOVERNMENT MINISTRIES, GOVERNMENT OWNERSHIP, GOVERNMENT POLICY, GOVERNMENT PRIORITIES, HUMAN RESOURCES, INTERNAL AUDIT, INTERNAL AUDIT SYSTEMS, INTERNAL CONTROLS, INTERNATIONAL BANK, INVESTING, LABOR MARKETS, LEGAL FRAMEWORK, LEGISLATIVE SCRUTINY, LICENSES, LOCAL CAPACITIES, LOCAL CAPACITY, LOCAL GOVERNMENTS, MACROECONOMIC MANAGEMENT, MACROECONOMIC STABILITY, MACROECONOMIC SUSTAINABILITY, MEDIUM-TERM EXPENDITURE, MEDIUM-TERM EXPENDITURE FRAMEWORKS, MINISTRIES OF FINANCE, MINISTRY LEVEL, MINISTRY OF FINANCE, MONETARY FUND, NATIONAL DEVELOPMENT, NATIONAL GOVERNMENT, NATURAL DISASTERS, OPPORTUNITY COST, OPPORTUNITY COSTS, PERFORMANCE CULTURE, PERFORMANCE INDICATORS, POLICY DECISIONS, POLICY GOALS, POLICY OBJECTIVES, POLICY PRIORITIES, POLICY-MAKERS, POLITICAL ECONOMY, PRIORITIES OF GOVERNMENT, PRIVATE SECTOR, PROGRAMS, PROVISIONING, PUBLIC, PUBLIC ACCOUNTS, PUBLIC ENTITIES, PUBLIC EXPENDITURE, PUBLIC FINANCE, PUBLIC FINANCE MANAGEMENT, PUBLIC FINANCIAL MANAGEMENT, PUBLIC FUNDS, PUBLIC RESOURCES, PUBLIC SECTOR, PUBLIC SECTOR ENTITIES, PUBLIC SECTOR SPECIALIST, PUBLIC SERVANTS, PUBLIC SERVICE, PUBLIC SERVICES, QUALITY OF PUBLIC SPENDING, RECURRENT EXPENDITURE, REFORM EFFORTS, REFORM PLAN, REFORM PRIORITIES, REFORM PROCESS, REFORM PROCESSES, REFORM PROGRAM, REFORM PROGRAMS, RESOURCE AVAILABILITY, RESOURCE CONSTRAINTS, REVENUE ESTIMATES, REVENUE FORECASTING, REVENUE PROJECTIONS, SECTOR CEILINGS, SERVICE DELIVERY, STATE OWNED BANKS, STATE OWNED ENTERPRISES, STATED OBJECTIVES, STRATEGIC PLANS, SUB-NATIONAL, SUB-NATIONAL GOVERNMENT, SUB-NATIONAL GOVERNMENTS, SUBSIDIARY, SUSTAINABILITY ANALYSIS, TAX, TAX ADMINISTRATION, TECHNICAL ASSISTANCE, TRANSPARENCY, TRANSPARENT ARRANGEMENTS, TRUST FUND, TURNOVER, UNCERTAINTY, UNNECESSARY DUPLICATION, UTILITIES,
Online Access:	http://documents.worldbank.org/curated/en/2013/07/18165115/pacific-islands-pfm-design-under-capacity-constraints-planning-public-financial-management-reforms-pacific-island-countries https://hdl.handle.net/10986/16260
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