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Jamaica Public Financial Management Enhancement

Authors: World Bank;

Jamaica Public Financial Management Enhancement

Abstract

Public sector modernization and public financial management reforms are important areas of focus for Jamaica, particularly because of the impact that fiscal and budget-management practices and policies have on growth. Although the Government of Jamaica (GOJ) has undertaken several initiatives during the past few years aimed at strengthening management of its public finances, several fundamental issues continue to affect its fiscal performance. Fiscal management in Jamaica has been guided by a set of rules that does not support strategic approaches necessary for addressing its existing challenges. Budget planning is fragmented, especially for capital expenditures. Systems for ensuring that public investment allocations are clearly prioritized and aligned with strategic development plans and programs are inadequate. The weak link between government priorities, planning, and budget contributed to inefficient monitoring of public spending. The recent PEFA Assessment conducted in late 2012 confirms these conclusions. Addressing these impediments is the basis for the support provided by the current program. Therefore, the interventions coupled with this project aimed to enhance public financial management (PFM) by supporting efforts to improve strategic budget processes and public investment management through the provision of policy advice, technical assistance, and knowledge generation and dissemination. By doing that, it was intended to alleviate some of the PFM-based constraints, distortions and factors limiting growth such as inefficient budgeting processes, insufficient control over public investment planning process, and weak links between government priorities, planning, and budget.

Country
United States
Related Organizations
Keywords

TELEPHONE, INVESTMENT PROJECTS, EMPLOYEE, TRUST FUND, ACTION PLAN, CREDIBILITY, PUBLIC-PRIVATE PARTNERSHIP, TECHNICAL ASSISTANCE, FISCAL MANAGEMENT, RESULT, CONSOLIDATION, CAPITAL PROJECTS, INSTRUMENT, GOVERNMENT POLICY, PUBLIC INVESTMENTS, INTERNATIONAL DEVELOPMENT, APPROPRIATIONS, LICENSES, PUBLIC-PRIVATE PARTNERSHIPS, USER, WEB, TECHNICAL SUPPORT, FISCAL POLICY, BUSINESS PLAN, PUBLIC FINANCES, DECISION MAKING PROCESS, PROCUREMENT, PUBLIC SPENDING, MANAGEMENT SYSTEM, DONOR FUNDS, INFORMATION FLOWS, E-MAIL, FINANCIAL SYSTEMS, FISCAL CONSTRAINTS, INSTITUTIONAL SUPPORT, RECURRENT EXPENDITURES, FISCAL PERFORMANCE, 330, FUNDING SOURCE, GOVERNMENT SPENDING, ASSISTANCE ORGANIZATION, LOAN, INSTITUTIONAL CAPACITY, EXPENDITURES, BUDGET EXECUTION, INTERNATIONAL BANK, BUDGET MANAGEMENT, POLICY FRAMEWORK, TARGETS, PUBLIC, EXTERNAL FUNDING, MONETARY FUND, MATERIAL, FINANCIAL ADMINISTRATION, BUDGET REFORM, SUBSIDIARY, BUDGET PROCESS, REGIONAL TECHNICAL ASSISTANCE, PUBLIC ENTERPRISES, INVESTMENT ALLOCATIONS, MDAS, INFORMATION SYSTEM, RESULTS, INTERNAL CONTROLS, APPROVAL PROCESS, BUDGETING, PUBLIC SECTOR, FINANCIAL ACCOUNTABILITY, COPYRIGHT, INVESTMENT PROPOSALS, SAVINGS, INVESTMENT PORTFOLIO, CAPACITY BUILDING, PUBLIC INVESTMENT, QUERIES, PUBLIC EXPENDITURE, CAPITAL EXPENDITURES, PUBLIC SECTOR REFORM, BACKBONE, LOCAL CAPACITIES, EXPENDITURE, FINANCIAL MANAGEMENT

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
Green
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