Ebook194 pages3 hours
Financial Management Information Systems and Open Budget Data: Do Governments Report on Where the Money Goes?
By Cem Dener and Saw Young (Sandy) Min
Rating: 0 out of 5 stars
()
About this ebook
'Financial Management Information Systems and Open Budget Data: Do governments report on where the money goes?' is a World Bank Study, initiated in 2012 after an extended stocktaking exercise, to explore the effects of Financial Management Information Systems (FMIS) on publishing reliable open budget data, as well as the potential improvements in budget transparency. A rich data set was created by visiting the government public finance web sites in 198 economies, and collecting evidence on the use of 176 FMIS in publishing open budget data. This study is not intended to develop another index or ranking on budget transparency. The scope is limited to the budget data disclosed by the governments on the web for the details of budget revenues and expenditures, as well as the results achieved. This is a tour around the world in search of reliable open budget data, in order to share some of the good practices and possible answers to a key question: 'Where does the money go?'. The primary audience for this study includes World Bank teams, government officials, oversight agencies, civil society groups, and other specialists involved in FMIS and Opend Budget Data projects.
The study shows that, as of today, only a small group of governments provide opportunities to the citizens, civil society groups or oversight agencies for access to reliable, accurate, and meaningful open budget data from underlying FMIS solutions. However, there is an increase in demand from citizens and civil society for improved and complete open budget data about all financial activities, and many governments around the world are trying to respond to this democratic pressure.
Several cases demonstrate that the innovative solutions to improve budget transparency can be developed rapidly with a modest investment even in difficult settings, if there is a political will and commitment. In order to further help governments within their endeavor and to encourage those who are showing little or no visibility of public finance information on the web, the report concludes with several achievable recommendations and guidelines on publishing open budget data benefiting from existing FMIS solutions.
The study shows that, as of today, only a small group of governments provide opportunities to the citizens, civil society groups or oversight agencies for access to reliable, accurate, and meaningful open budget data from underlying FMIS solutions. However, there is an increase in demand from citizens and civil society for improved and complete open budget data about all financial activities, and many governments around the world are trying to respond to this democratic pressure.
Several cases demonstrate that the innovative solutions to improve budget transparency can be developed rapidly with a modest investment even in difficult settings, if there is a political will and commitment. In order to further help governments within their endeavor and to encourage those who are showing little or no visibility of public finance information on the web, the report concludes with several achievable recommendations and guidelines on publishing open budget data benefiting from existing FMIS solutions.
Related to Financial Management Information Systems and Open Budget Data
Related ebooks
Public Office, Private Interests: Accountability through Income and Asset Disclosure Rating: 0 out of 5 stars0 ratingsMaking Devolution Work for Service Delivery in Kenya Rating: 5 out of 5 stars5/5Performance-Based Financing Toolkit Rating: 0 out of 5 stars0 ratingsNational Assessments of Educational Achievement, Volume 4: Analyzing Data from a National Assessment of Educational Achievement Rating: 0 out of 5 stars0 ratingsIs Fiscal Policy the Answer?: A Developing Country Perspective Rating: 0 out of 5 stars0 ratings
Finance & Money Management For You
The Richest Man in Babylon Rating: 4 out of 5 stars4/5The 7 Habits of Highly Effective People: 15th Anniversary Infographics Edition Rating: 5 out of 5 stars5/5The Intelligent Investor, Rev. Ed: The Definitive Book on Value Investing Rating: 4 out of 5 stars4/5The Psychology of Money: Timeless lessons on wealth, greed, and happiness Rating: 5 out of 5 stars5/5How to Make Money in Stocks: A Winning System in Good Times and Bad, Fourth Edition Rating: 5 out of 5 stars5/5Financial Words You Should Know: Over 1,000 Essential Investment, Accounting, Real Estate, and Tax Words Rating: 4 out of 5 stars4/5The Great Reset: And the War for the World Rating: 4 out of 5 stars4/5The Book on Advanced Tax Strategies: Cracking the Code for Savvy Real Estate Investors Rating: 4 out of 5 stars4/5The Freedom Shortcut: How Anyone Can Generate True Passive Income Online, Escape the 9-5, and Live Anywhere Rating: 5 out of 5 stars5/5Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple Rating: 5 out of 5 stars5/5ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years Rating: 5 out of 5 stars5/5Just Keep Buying: Proven ways to save money and build your wealth Rating: 5 out of 5 stars5/5The Tax and Legal Playbook: Game-Changing Solutions To Your Small Business Questions Rating: 3 out of 5 stars3/5Wealthology: The Science of Smashing Money Blocks Rating: 3 out of 5 stars3/5Dark Aeon: Transhumanism and the War Against Humanity Rating: 5 out of 5 stars5/5Set for Life: An All-Out Approach to Early Financial Freedom Rating: 4 out of 5 stars4/5Strategy Skills: Techniques to Sharpen the Mind of the Strategist Rating: 4 out of 5 stars4/5Retire Before Mom and Dad: The Simple Numbers Behind A Lifetime of Financial Freedom Rating: 4 out of 5 stars4/5You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market P Rating: 4 out of 5 stars4/5Quiet Leadership: Six Steps to Transforming Performance at Work Rating: 4 out of 5 stars4/5The Great Awakening: Defeating the Globalists and Launching the Next Great Renaissance Rating: 4 out of 5 stars4/5Principles: Life and Work Rating: 4 out of 5 stars4/5The Total Money Makeover by Dave Ramsey: Summary and Analysis Rating: 4 out of 5 stars4/5
Reviews for Financial Management Information Systems and Open Budget Data
Rating: 0 out of 5 stars
0 ratings
0 ratings0 reviews
Book preview
Financial Management Information Systems and Open Budget Data - Cem Dener
Enjoying the preview?
Page 1 of 1