Advice on multiple interconnected aspects of the
metodologies for the national budget formulation and execution |
Corporate Solution, in cooperation with Ecorys, assisted the Ministry of Finance in developing methodologies for the national budget formulation and execution, including: (i) Developing capacities for medium-term expenditure planning; (ii) Improving the methodology for the preparation of annual budget laws through upgrading the content and format of the methodological guidelines for annual budget formulation; (iii) Revision of the legislation on the budget system and budget process; (iv) Reorganization of the budget formulation function across the central government; (v) Developing a new integrated Budget Classification and Chart of Accounts System compatible with the IMF’s GFS 2001 standards and creating capacity for its implementation; (vi) Formulating the policy and legal requirements necessary to operate the warrant system within the Financial Management Information System to control and allocate budget spending authority; (vii) Upgrading the accounting and reporting rules, policies and procedures used by the public sector and treasury system in line with international best practice. |