East Asia Update, October 2001

World Bank

No 33500, World Bank Publications - Reports from The World Bank Group

Abstract: Governments' first instincts are often to attempt to tackle weaknesses in public financial accountability by investing in computerization of financial management information systems. However, in most East Asian contexts the World Bank advises countries that reforms need to start not from the technical hardware of IT but from an effectively implemented reform of the foundations of public financial accountability, starting with budget management processes and the control regime. Immediate priority steps include: reforming the budget process to improve policy prioritization and fiscal discipline, including integration of off-budget accounts into the main budget; better coordination of planning and budgeting; better coordination of current and capital expenditure; more rigorous medium-term fiscal and expenditure planning; greater ownership of budgets by line departments and frontline service providers; the integration of performance information into the budget formulation process; and streamlining both internal and external management control systems. Countries such as Thailand, Vietnam, Indonesia and the Philippines are working with the World Bank to modernize public financial accountability institutions.

Keywords: International; Economics; and; Trade-Trade; Policy; Macroeconomics; and; Economic; Growth-Economic; Growth; Macroeconomics; and; Economic; Growth-Fiscal; &; Monetary; Policy; Macroeconomics; and; Economic; Growth-Investment; and; Investment; Climate; Poverty; Reduction-Employment; and; Shared; Growth (search for similar items in EconPapers)
Date: 2001-10
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://openknowledge.worldbank.org/bitstreams/616 ... cc68521297f/download (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: https://EconPapers.repec.org/RePEc:wbk:wboper:33500

Access Statistics for this paper

More papers in World Bank Publications - Reports from The World Bank Group 1818 H Street, N.W., Washington, DC 20433. Contact information at EDIRC.
Bibliographic data for series maintained by Tal Ayalon ().