Budget Transparency & Comprehensiveness (AFE Regional Workshop) Session 1: Overview of Budget Transparency & Comprehensiveness Davina Jacobs Public Financial Management Division Fiscal Affairs Department, IMF Zanzibar, October 20-22, 2009 Overview Introduction
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Overview of Budget Transparency & Comprehensiveness
Public Financial Management Division
Fiscal Affairs Department, IMF
Zanzibar, October 20-22, 2009
The soundness of budget systems can be judged by the following by its comprehensiveness, for example:
Clarity of roles and responsibilities:
Structure and functions of government, responsibilities within government, relations between government and the rest of the economy
Open budget processes:
Budget preparation, execution, and monitoring; timetable for legislature; realism of estimates and medium-term framework; fiscal sustainability.
Public availability of information:
Specification of the coverage, detail and timing of fiscal information to be provided to the public.
Assurance of integrity:
Quality of fiscal data, internal oversight, and external scrutiny.
- Clarified many existing good practices.
- Introduced nine extensions:
High Levels of Observance
Low Levels of Observance