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Good Budgetary Governance: Transparency , Accountability and Beyond

Good Budgetary Governance: Transparency , Accountability and Beyond. Ronnie Downes Deputy Head - Budgeting and Public Expenditures, OECD OGP – Fiscal Openness Working Group London, 2 November 2013. OECD’s starting point. Budget reports (7 in total) Pre-election Long-term sustainability

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Good Budgetary Governance: Transparency , Accountability and Beyond

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  1. Good Budgetary Governance:Transparency, Accountability and Beyond Ronnie Downes Deputy Head - Budgeting and Public Expenditures, OECD OGP – Fiscal Openness Working Group London, 2 November 2013

  2. OECD’s starting point • Budget reports (7 in total) • Pre-election • Long-term sustainability • Specific disclosures • Non-financial assets • Contingent liabilities • Integrity & accountability • Audit • Parliamentary scrutiny • Public availability on internet • Promote public understanding

  3. Since 2002 … • OECD Senior Budget Officials • Regional networks: LAC, CESEE, Asia; also CABRI liaison • Thematic networks: Performance & Results; PPPs; Budget Accounting (Accruals); Independent Fiscal Institutions; Health Budgeting • Budget Reviews / Public Governance Reviews • Restoring Public Finances, 2011, 2012 • OECD Survey of Budget Practices & Procedures, 2007, 2012-13

  4. Developments & Priorities in budgeting • from annual to medium-term budgeting • heightened focus on management of fiscal risks • from inputs to outputs, performance and impacts • from MoF to independent institutions • greater engagement of parliament and citizens • budgeting as an instrument of public governance

  5. OECD Public Governance framework • Integrity & anti-corruption • Open procurement • Fiscal rules • Public service innovation • ICT & e-govt • Quality of Regulation • Delivering government objectives • Managing complex risks • Strategic public sector HR • Coordination across levels of government • Strategic centre of government • Citizen engagement • Budgeting & PFM • Performance, Evaluation & VFM • Participation • Top-down • Budgeting • MTEF • Transparency & Openness • Strategic priorities • Fiscal Risks & Sustainability

  6. Setting norms across OECD

  7. Elements of Good Budgetary Governance (draft) • Fiscal objectives • Fiscal rules • Top-downbudgeting • Medium-term clarity • True, full & fair budget accounting • Performance, evaluation & VFM Transparency, openness & accessibility • Quality, Integrity & Independence • Strategic plans & priorities • Fiscal Risks & Sustainability Participation, Inclusiveness& Realism • Performance, Evaluation & VFM • Participation • Strategic priorities • Transparency & Openness • Fiscal Risks & Sustainability • MTEF • Top-down • Budgeting

  8. Some key themes & challenges? • Radically new approaches to fiscal risk? • Experience has been sobering • The dimensions and modalities of “participation” • Citizen v. parliamentary prerogatives • Insider-outsider risks • “free-for-all” versus realism in budgeting • Performance budgeting • Holy grail, fool’s gold – or an emerging consensus? • Inter-connectedness: elements are not discrete • e.g. fiscal rules  top-down  MTEF  planning & evaluation • e.g. should independent institutions (new and old) be mobilised to address various aspects of budgeting?

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