Economics at your fingertips  

Public Financial Management; Principal Issues in Small Pacific Island Countries

Klaus-Walter Riechel

No 02/1, IMF Policy Discussion Papers from International Monetary Fund

Abstract: The paper discusses reform in public financial management in small, resource-constrained economies such as the Pacific island countries (PICs). It describes the efforts undertaken by PICs in the past and assesses their results. A principal conclusion is that reform in public financial management needs to be defined against the capacity of countries to sustain it at the national level. This requires a careful definition of priorities for action and the determination of appropriate pacing and sequencing of reform. In this decision, achievement of the imperatives of expenditure control and sustainability of deficits is typically more important than exploitation of the scope for efficiency gains promised by "cutting edge" public financial management systems.

Keywords: Budgeting; Fiscal policy; Public financial management; Public finance; Pacific Island Countries; budget systems, small country issues, financial management, budget, output budgeting, accrual accounting, National Government Expenditures And Related Policies, National Budget, (search for similar items in EconPapers)
Pages: 21
Date: 2002-02-01
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link) (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in IMF Policy Discussion Papers from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Jim Beardow ().

Page updated 2020-02-12
Handle: RePEc:imf:imfpdp:02/1