ISBN:
9780230300248
Language:
English
Pages:
XLII, 881 S.
Edition:
Online-Ausg.
Parallel Title:
Print version The International Handbook of Public Financial Management
Keywords:
Finance
;
Accounting
;
Bookkeeping
;
Business enterprises Finance
;
Management
;
Investment banking
;
Securities
;
Risk management
;
Macroeconomics
;
Öffentlicher Sektor
;
Finanzmanagement
Abstract:
The International Handbook of Public Financial Management is a virtual encyclopedia of public financial management, written by topmost experts, many with a background in the IMF and World Bank. It provides the first comprehensive guide to the subject that has been published in more than ten years. The book is aimed at a broad audience of academics/students, government officials, development agencies and practitioners. It covers both bread-and-butter topics such as the macroeconomic and legal framework for budgeting, budget preparation and execution, procurement, accounting, reporting, audit and oversight, as well as specialist subjects such as government payroll systems, local government finance, fiscal transparency, the management of fiscal risks, sovereign wealth funds, the management of state-owned enterprises, and political economy aspects of budgeting. The book sets out numerous examples and case studies describing good practice in public financial management, and is highly relevant for use in both advanced and developing countries
Abstract:
〈EM〉The International Handbook of Public Financial Management〈/EM〉 is essential reading for governmental policy-makers, and practitioners and consultants working in this field, whose importance has been highlighted by the global financial crisis. It is a primary source for academics and students of economics, public finance, accountancy and public policy
Description / Table of Contents:
Cover; Title; Copyright; Contents; List of Figures; List of Tables; List of Boxes; Foreword; Acknowledgments; Notes on Contributors; Acronyms and Abbreviations; Introduction: The Meaning, Content and Objectives of Public Financial Management; Why this handbook is relevant and important; What is public financial management?; How has PFM evolved?; Key issues and themes of the volume; Structure of the book; Part I The Institutional and Legal Framework; Introduction to Part I; 1 The Macroeconomic Framework for Managing Public Finances; Fiscal policy and PFM
Description / Table of Contents:
The macroeconomic consequences of fiscal deficitsDebt sustainability; Fiscal targeting and adjustment; Countercyclical fiscal policy; Approaches to promoting fiscal discipline; Macrofiscal management and PFM; Conclusions; References; 2 Public Financial Management Requirements for Effective Implementation of Fiscal Rules; What are fiscal rules?; Objectives of fiscal rules; What PFM conditions are required for the effective implementation of fiscal rules?; Budget formulation consistent with fiscal rules; Robust budget execution, accounting and reporting; External scrutiny
Description / Table of Contents:
Enforcement and correction mechanismsSupranational fiscal rules; Main conclusions; References; 3 The Legal Framework for Public Finances and Budget Systems; Differing objectives for laws relating to the budget system; Cross-country differences in the legal context; Differing political arrangements; Budget authority of the legislature and responsibilities of the executive; Sound principles for a budget system law; What should be the scope and content of a budget system law?; The nature, types and duration of annual appropriations for spending; Budget execution and control
Description / Table of Contents:
Government accounts, reporting to the legislature and external auditFiscal responsibility laws and fiscal stability laws; Conclusions; References; 4 Designing Fiscal Institutions: The Political Economy of PFM Reforms; Theoretical perspectives; Potential trade-offs and pitfalls; The limits of institutional engineering; Conclusions; References; 5 The Role, Responsibilities, Structure and Evolution of Central Finance Agencies; Concept of CFAs; How did CFAs evolve over time?; Organizational structure of CFAs; Have CFAs become more or less concentrated?
Description / Table of Contents:
The fiscal impact of different CFA structuresHow can CFAs be strengthened?; References; 6 Role of the Legislature in Budget Processes; Constitutional and legal constraints on parliamentary budgeting; Critical dates for parliamentary involvement in the budget process; What should the legislature review and approve?; The provision of fiscal information to the legislature; What support does the legislature need for budgeting?; Developing capacity in the legislature for budgetary oversight; Conclusions; References
Description / Table of Contents:
7 Assessing and Comparing the Quality of Public Financial Management Systems: Theory, History and Evidence
Note:
Description based upon print version of record
DOI:
10.1057/9781137315304
URL:
Volltext
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