Fiscal Transparency - Delphine MORETTI, OECD (English)

Fiscal Transparency - Delphine MORETTI, OECD (English)

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  OECD’S DRAFT TOOLKIT ONBUDGET TRANSPARENCY October 12-13, 2016 MENA SBO, Kuwait City, Kuwait Delphine Moretti Budgeting and Public Expenditures Division Public Governance and Territorial Development Directorate, OECD
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  G20’s Anti-corruption WorkingGroup (ACWG) Implementation Plan 2015-16 “Promoting greater budget transparency and fiscal openness: • plays an important role in anti-corruption efforts, including by deterring illicit diversions of public money by corrupt officials and promoting good governance; and • has important links to the G20 resilience agenda, including by fostering greater public confidence in the stability and soundness of public finances.” G20 practical toolkit on budget transparency 2 The context
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  • Perception thatBudget Transparency should involves necessarily reforms that are : – Government led; – Driven by laws, regulations, etc.; – Encompass a number of interconnected “internationally agreed” best practices. • In practice, Budget Transparency can : – Be moved forward by a variety of stakeholders; – Be initiated by practical steps; – Progress at different pace depending on the areas. 3 Transparency: Perception vs. Practice
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  4 Why a Toolkit? processes,… and guidance. Budgeting and forecasting Public investment … stakeholders… Financial Reporting Toolkit Natural resources man. … Government Parliament Independent institutions IFI Private sector OECD IMF WB GIFT … A variety of ...
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  • Description androle of the various standards and guidance materials, and references to these. • Key factors for improving Budget Transparency for each stakeholder. • “Starting points” for taking action to improve transparency. • Country examples showing international practices. Note: the Toolkit is currently being developed and is available only in a draft version. 5 What’s in the draft OECD Budget Transparency Toolkit?
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  6 Why MoFs shoulduse the Toolkit? Complete and reliable fiscal forecasts and reports Understandable and accessible public information Submission of budget and budget execution report to Government and/or Parliament Offering opportunities and resources for all stakeholders to engage ex ante and ex post Adding communication and inclusiveness skills to technical excellence.
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  7 Transparency through the BudgetCycle
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  8 The United Statesof America Open Data Federal Websites • Federal Financial Accountability and Transparency Act– established USAspending.gov in 2006 • Publish data for contracts, grants, other financial assistance.
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  • A singleannual report that brings together accountability information (e.g., management salaries), performance results and the financial statements. • An ambition: “Telling the Story” in an understandable and useful way. • Ownership by Departments, within a framework defined by the Treasury. 9 The United Kingdom Departments’ Annual Report and Accounts
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  THANK YOU FORYOUR ATTENTION 10