Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

The book identifies four categories of performance budgeting, namely direct performance budgeting, performance informed budget (PIB), opportunistic performance budgeting and presentational performance budgeting. While the Conference papers often refer to performance budgeting broadly defined, much of the book focuses on PIB, the most common category of performance budgeting adopted to date, making the argument that this is likely to be the most applicable in many Latin American countries. The book combines two seemingly diverse governance topics, adopts contrasting analytic styles to address these, and seeks to draw out their inter-connections, with particular reference to Organization for Economic Co-operation and Development (OECD) and Latin American countries. The first topic is PIB, which is discussed largely from the practical perspective of policy makers and practitioners, reflecting that it is a major public administration reform that has been underway for several decades. The second topic is the trust of citizens and firms in government. This book is divided into seven chapters. Chapter one provides an overview of PIB, building on two decades of experience and lesson-learning, and sets out the key themes that provide the basis for the discussions in the subsequent chapters. Chapter two introduces the concept of trust in government, particularly in OECD and Latin American countries, and explores why this matters for development. Chapters three, four, and five explore key dimensions of PIB, including the institutional foundations, the production of performance information, and the uses of performance information. Chapter six considers the impact of performance improvement on trust in government in OECD and Latin American countries. Chapter seven provides a guide for practitioners on PIB.

Accountability --- Annual Reports --- Capacity Building --- Cost-Effectiveness --- Economic Policy --- Financial Crisis --- Financial Management --- Fiscal Policy --- Governance --- Gross Domestic Product --- Income Distribution --- Macroeconomics and Economic Growth --- National Governance --- Performance Improvement --- Private Investment --- Public Finance --- Public Sector Development --- Public Sector Reform --- Public Service Delivery --- Transparency --- Uncertainty

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

The Colombian Government has made significant progress in the implementation of effective processes, practices, and methodologies for public investment management (PIM). A 2011 IMF-published report ranked Colombia among the top 5 countries with best PIM practices out of a sample of 71 low- and middle-income countries (Dabla-Norris and others, 2011). The report assessed the following 4 key features: (a) strategic guidance and project review, (b) project selection and budgeting, (c) project implementation, and (d) project evaluation and auditing. Colombia was deemed to have achieved a good performance on 3 out of the 4 key features. Nevertheless, the country's PIM system still faces the need for areas of improvement identified by the World Bank's PIM framework. This framework allows for identification of not only the presence of must-have features in PIM systems that are key to promoting effective and efficient public investment but also if those features are implemented in the field and if they have achieved their intended purpose. In the case of Colombia, the main challenges identified were related to the broad implementation of tools designed, particularly for management of public investment projects as well as with the fractioning of standards and practices, and the overemphasis placed on formal controls during the formulation and project implementation stages. In addition, the country PIM processes had weaknesses in terms of the review and ex post project evaluation. This document summarizes the main findings of a PIM study carried out in Colombia in 2015. The document includes an analytical framework for assessing public investment management and presents the assessment results as well as improvement recommendations to strengthen the institutional set-up to increase the effectiveness and efficiency of public investment in Colombia.

Governance --- National Governance --- Public Sector Development --- Urban Development --- Urban Governance and Management