Result Based Management Framework - METAC

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24 In January 2013, a METAC mission conducted a comprehensive review of the budget execution functions and recommended a series of measures to improve current practices and systems. Objectives Work Program In order to move the PFM system in Egypt closer to international standards and build PFM capacity, METAC’s work will aim to develop: (i) a medium-term, strategic-oriented budget formulation process consistent with the macro framework and development plans; and (ii) a more efficient and effective budget execution process based on the extension of the TSA to the entire budget, along with developing CMU annual financial plans. Outcomes Upon completion of the budget preparation reforms, the relationship between the macrofiscal projections and the budget process will be strengthened. Over time, this could develop into a comprehensive multi-annual framework for preparing the budget. The following outcomes are expected to be achieved: Budget estimates are prepared for two out-years in addition to the next FY, and are included in the budget document. The estimated cost of expenditure programs is included in the budget document. The budgets for capital and recurrent expenditures are integrated in the budget document. TA on Budget Execution will ensure an efficient use of resources. This will be translated into the following outcomes: The CMU has a good competence in cash flow planning and in active cash management techniques. The number of special funds and accounts is reduced, large balances are moved to the treasury main account, and regulations for those which are justified are prepared to ensure complete transparency in operations and balances. Outputs The main outputs of the TA on Budget Preparation are:
25 Revision of the budget calendar to reflect the integration of the Medium-Term Fiscal Framework (MTFF) and forward estimates. Improving the budget documentation in line with good practice 2 . The TA on Budget Execution will produce the following outputs: Build CMU capacity to develop: (a) accurate in-year cash plans with what-if scenario analysis, and (b) implement active cash management strategies. Assist MOF in: (a) transferring operations and funds of selected special funds to budget and TSA; and (b) producing regulations on transparency requirements for all special accounts and funds which remain extra-budgetary. Carry-out a study on how to develop financial control within line agencies compliant with MOF control. Risks/Assumptions The political situation allows the delivery of TA in normal conditions and the authorities are committed to the implementation of the comprehensive PFM action plan prepared by the 2011 FAD/METAC TA mission. It is expected that support and TA by donors and international institutions will continue (this includes the World Bank (WB), USAID, EU, State Secretariat for Economic Affairs (SECO)) and will be led by an effective coordination mechanism at the MOF. D. Revenue Administration Past Activities Egypt has been actively engaged in revenue administration reforms since late 2004. FAD has provided significant tax administration advice and TA to support the modernization efforts of the tax authorities. Over the period of 2004-2005, two diagnostic missions have guided the design and development of this reform. Initially, emphasis was placed on development of a strong tax policy framework, establishment of an integrated tax administration, preparation for self-assessment, and segmentation of the taxpayer base – 2 To include for instance: (a) estimates for three forward years in addition to the budget year itself; (b) revised “Estimates of Expenditure and Revenue” tables; (c) service delivery and performance information; (d) definition of subprogram outputs and performance measures; (e) measurable objectives for each program; and (f) supplementary budget documents including the budget review which provides a detailed explanation of the underlying policies behind the budget.
Page 1 and 2: G L BAL PARTNERSHIPS Shared Objecti
Page 3 and 4: 1 Contents Acronyms and Abbreviatio
Page 5 and 6: 3 Past Activities .................
Page 7 and 8: 5 ACRONYMS AND ABBREVIATIONS ACD AR
Page 9 and 10: 7 MoPF MTEF MTFF MTO NA NBFIs NICO
Page 11 and 12: 9 METAC’s overall strategic objec
Page 13 and 14: 11 I. AFGHANISTAN A. Banking Superv
Page 15 and 16: 13 Call reports covering the fina
Page 17 and 18: 15 Mission reports. Plans for de
Page 19 and 20: 17 D. Revenue Administration Past A
Page 21 and 22: 19 Risks/Assumptions Sufficient fin
Page 23 and 24: 21 Outputs Helping the CBE in dr
Page 25: 23 Regional workshops on external
Page 29 and 30: 27 Work Program Objectives TA on re
Page 31 and 32: 29 III. IRAQ A. Banking Supervision
Page 33 and 34: 31 B. Macroeconomics Statistics Pas
Page 35 and 36: 33 Assistance in preparing a cas
Page 37 and 38: 35 The CBJ has a good macro-pruden
Page 39 and 40: 37 procedures for the NA. To also b
Page 41 and 42: 39 In May 2013, a METAC/FAD mission
Page 43 and 44: 41 the commitment to carry on imple
Page 45 and 46: 43 V. LEBANON A. Banking Supervisio
Page 47 and 48: 45 Significant TA was provided to L
Page 49 and 50: 47 Regional workshops on external
Page 51 and 52: 49 Risks/Assumptions Political stab
Page 53 and 54: 51 enforcement strategies; (4) the
Page 55 and 56: 53 VI. LIBYA A. Banking Supervision
Page 57 and 58: 55 Assisting the CBL in develop
Page 59 and 60: 57 DI survey form. Regional works
Page 61 and 62: 59 Outputs The main outputs of the
Page 63 and 64: 61 TA has been suspended because of
Page 65 and 66: 63 The supervisors at the CBOS a
Page 67 and 68: 65 closely with the Ministry of Int
Page 69 and 70: 67 be submitting consolidated budge
Page 71 and 72: 69 administration fronts. These inc
Page 73 and 74: 71 VIII. SYRIA A. Banking Supervisi
Page 75 and 76: 73 Develop tools and procedures f
Page 77 and 78:
75 The main outcomes of TA on price
Page 79 and 80:
77 Budget Preparation: Establish
Page 81 and 82:
79 The General Commission f
Page 83 and 84:
81 VAT law. TPC law. Revised
Page 85 and 86:
83 In order to align its supervisor
Page 87 and 88:
85 Improvements in the compilation
Page 89 and 90:
87 forecasting that underpins the c
Page 91 and 92:
89 function-based HQ, implementing
Page 93 and 94:
91 The CBY has an updated regula
Page 95 and 96:
93 External statistics: improving
Page 97 and 98:
95 recommendations of the 2007 FAD/
Page 99 and 100:
97 Work Program Objectives High pri
Page 101 and 102:
99 APPENDIX I. DEBT MANAGEMENT AND
Page 103 and 104:
101 OMO; and developing an interban
Page 105 and 106:
103 forecasting, and the issuance o
Page 107 and 108:
105 1. Banking Supervision Outcomes
Page 109 and 110:
107 3. Public Financial Management
Page 111 and 112:
109
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Result Based Management Framework - METAC

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