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MINISTRY OF FINANCE BHUTAN PLANNING AND BUDGETING

MINISTRY OF FINANCE BHUTAN PLANNING AND BUDGETING “Results Based Planning, Budgeting and Evaluation” 26–30 March 2012. PRESENTATION OUTLINE. Brief History Functional responsibility Planning and Budgeting Linkage System Integration Government reforms/Initiatives

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MINISTRY OF FINANCE BHUTAN PLANNING AND BUDGETING

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  1. MINISTRY OF FINANCE BHUTAN PLANNING AND BUDGETING “Results Based Planning, Budgeting and Evaluation” 26–30 March 2012

  2. PRESENTATION OUTLINE • Brief History • Functional responsibility • Planning and Budgeting Linkage • System Integration • Government reforms/Initiatives • Prospects : PLAMS, MYRB & PEMS • Challenges

  3. BRIEF HISTORY • Before the appointment of Finance Minister in 1968, the budget allocation was determined by His Majesty the king. • The Current budget was then dealt by Ministry of Finance and Capital budget by Planning Commission • In 1980 budget bureau was created (CAD -release and account’s) • In 1986 the budget bureau was renamed as Dept of National Budget & Accounts (DNBA) • In 1992 Aid Coordination was transferred to MoF from Planning Commission and it was renamed as National Budget and Aid Coordination Division (NBACD) • In 2000 the NBACD was separated into two departments (Dept of Budget & Accounts (DBA) and Dept. of Aid & Debt Management- DADM) • In 2006, the DBA was further bifurcated into DNB and DPA

  4. FUNCTIONAL RESPONSIBILITY (BUDGET) FOUR DIVISIONS • Budget Management Division • Programming Division • Monitoring Division • Research & Development Division

  5. PLANNING AND BUDGETING LINKAGE • Planning and Budgeting – Interlinked • Based on the availability of resources drawn from the MTFF (top down); • Budget/cost estimate by agencies based on prioritized activities of the FYP (bottom up) • Planning and Budgeting – Based on Five Year Plan • Multi- Year Rolling Budget (MYRB)

  6. PLANNING AND BUDGETING LINKAGE • A medium-term financial planning framework provides the linkage between a perspective planning system and the annual budget. • RGoB: based on plan priorities and estimates • Donor: based on agreement, approved expenditure details and Financing Item Code (FIC) allocated by GNHC • New activities outside the plan- Endorsement from the GNHC • Through GNHC for incorporation external grants

  7. SYSTEM INTEGRATION

  8. GOVERNMENT REFORMS/INITIATIVES PRIOR TO 2009 • Annual Based Budgeting • Manual • Stand Alone POST 2009 • Online – Real Time • MYRB – PEMS Integration • PLaMS – MYRB – PEMS Integration Prospects : Integration of PLaMS, MYRB and PEMS will make planning, Budgeting and Expenditure reporting significantly efficient and faster.

  9. CHALLANGES • Human Resource Capacity • Lack of adequate ICT infrastructure • On-line Security System

  10. THANK YOU

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