Description: Morocco - Public Financial Management Performance Report (PEFA) : Assessment of Public Financial Management Systems, Procedures, and Institutions

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Morocco - Public Financial Management Performance Report (PEFA) : Assessment of Public Financial Management Systems, Procedures, and Institutions

This Public Financial Management Performance Report (PFM-PR) assesses the current performance of financial management in Morocco's public sector. The Public Expenditure and Financial Accountability (PEFA) framework applied for this review uses...

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Bibliographic Details
Main Author:	World Bank
Language:	English
Published:	World Bank 2012
Subjects:	ACCOUNTING SYSTEM AGGREGATE EXPENDITURE AGGREGATE FISCAL AGGREGATE REVENUE ANNUAL BUDGET ANNUAL BUDGET PROCESS ANNUAL BUDGETING ANNUAL BUDGETS ANNUAL FINANCIAL STATEMENTS ANNUAL REPORT ANNUAL REPORTS APPROPRIATIONS ARTICLE ASSET SALES ASSIGNMENT OF RESPONSIBILITIES AUDITORS BALANCE OF PAYMENTS BENEFICIARIES BUDGET ACCOUNTS BUDGET ALLOCATION BUDGET ALLOCATIONS BUDGET AUTHORITY BUDGET CLASSIFICATION BUDGET COMPREHENSIVENESS BUDGET CREDIBILITY BUDGET DATA BUDGET DEFICIT BUDGET DEFICITS BUDGET DOCUMENTATION BUDGET DOCUMENTS BUDGET ESTIMATES BUDGET EXECUTION BUDGET FRAMEWORK BUDGET INFORMATION BUDGET LAW BUDGET OUTCOMES BUDGET PREPARATION BUDGET PROPOSAL BUDGET REFORM BUDGET REFORMS BUDGET REVIEW BUDGET STRUCTURE BUDGET SUPPORT BUDGET YEAR BUDGETARY EXPENDITURE BUDGETARY OUTCOMES BUDGETARY PROCEDURES CAPITAL GRANTS CASH BALANCES CASH BASIS CASH FLOW CENTRAL BANK CENTRAL GOVERNMENT CENTRAL GOVERNMENT BUDGET CENTRAL GOVERNMENT REVENUE CHART OF ACCOUNTS CIVIL SERVANTS CIVIL SERVICE COMPOSITION OF EXPENDITURES COMPOSITION OF PUBLIC SPENDING COST ESTIMATES COSTS OF TAX ADMINISTRATION COUNTERPART FUNDING DEBT DEBT MANAGEMENT DEBT SERVICE DECENTRALIZATION DECISION-MAKING DEFICIT FINANCING DONOR FINANCING DONOR FUNDING DONOR FUNDS ECONOMIC CONDITIONS ECONOMIC GROWTH ECONOMIC GROWTH RATES EXCHANGE RATES EXCHANGE RESERVES EXPENDITURE EXPENDITURE CATEGORIES EXPENDITURE FRAMEWORK EXPENDITURE POLICY EXPENDITURES EXTERNAL AUDIT EXTERNAL DEBT FINANCE MINISTRIES FINANCE MINISTRY FINANCIAL ACCOUNTABILITY FINANCIAL ASSETS FINANCIAL IMPACT FINANCIAL INFORMATION FINANCIAL OVERSIGHT FINANCIAL RELATIONS FINANCIAL SECTORS FINANCIAL SERVICES FINANCIAL STATISTICS FISCAL ADMINISTRATION FISCAL INFORMATION FISCAL OBLIGATIONS FISCAL REFORM FISCAL REFORMS FISCAL REVENUE FISCAL RISK FISCAL SYSTEMS FISCAL YEARS FOREIGN EXCHANGE FOREIGN INVESTMENT GOVERNMENT FINANCE GOVERNMENT FINANCE STATISTICS GOVERNMENT SPENDING GOVERNMENTAL FISCAL RELATIONS GROWTH RATE IMPORT DUTIES INCOME TAX INFLATION INFRASTRUCTURE DEVELOPMENT INTERNAL AUDIT INTERNAL CONTROLS INVESTMENT BUDGET INVESTMENT EXPENDITURES LEGISLATIVE SCRUTINY LOCAL GOVERNMENT BUDGETS LOCAL TAXES MACROECONOMIC FRAMEWORK MEDIUM-TERM EXPENDITURE MEDIUM-TERM EXPENDITURE FRAMEWORKS MINISTERIAL PROGRAMS MINISTERIAL STAFF NATIONAL BUDGET NATIONAL DEFENSE NATIONAL ECONOMY OVERHEAD COSTS PAYMENT DELAYS PERFORMANCE INDICATOR PERFORMANCE INDICATORS PERFORMANCE MEASUREMENT PERFORMANCE MONITORING PERSONNEL MANAGEMENT POVERTY INDICATORS PRIVATE CONSUMPTION PRIVATE INVESTMENT PRIVATE SECTOR PROGRAM IMPLEMENTATION PROGRAM INITIATIVES PUBLIC DEBT PUBLIC ENTERPRISE PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC FINANCE PUBLIC FINANCES PUBLIC FINANCIAL MANAGEMENT PUBLIC FINANCIAL MANAGEMENT SYSTEMS PUBLIC FUNDS PUBLIC HOSPITALS PUBLIC INVESTMENT PUBLIC RESOURCES PUBLIC REVENUE PUBLIC SECTOR PUBLIC SECTOR ACCOUNTING PUBLIC SECTOR EFFICIENCY PUBLIC SECTOR ENTITIES PUBLIC SERVICE PUBLIC SERVICE DELIVERY PUBLIC SERVICES PUBLIC SPENDING PUBLIC WORKS REALLOCATIONS REFORM PROCESS REFORM PROGRAM REGIONAL GOVERNMENTS RESOURCE ALLOCATION REVENUE FORECAST REVENUE SHARING REVENUE SOURCES SECTOR PROGRAMS SECTORAL BUDGETS SECTORAL OBJECTIVES SECTORAL POLICIES SERVICE CHARGES SERVICE DELIVERY SOCIAL INDICATORS SOCIAL PROGRAMS SOCIAL SECURITY STATE BUDGET SUPREME AUDIT INSTITUTIONS TAX ADMINISTRATION TAX ADMINISTRATION COSTS TAX BASE TAX INCIDENCE TAX INCOME TAX PAYMENTS TAX RATE TAX RATES TAX REVENUE TAX SYSTEM TAXPAYERS TOTAL EXPENDITURE TOTAL PUBLIC EXPENDITURE TOTAL SPENDING TRANSPARENCY TRANSPARENT ARRANGEMENTS TREASURY DIRECTORATE
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333038_20091208232812 http://hdl.handle.net/10986/3146

Description
Summary:	This Public Financial Management Performance Report (PFM-PR) assesses the current performance of financial management in Morocco's public sector. The Public Expenditure and Financial Accountability (PEFA) framework applied for this review uses an assessment tool based on a set of high-level indicators that provide reliable information on the performance of PFM systems, processes and institutions. The purpose of using this tool is to measure performance for five PFM areas in Morocco as compared to international standards. The Kingdom of Morocco is a medium-income country with a population of 31 million and per capita income of European Union (EU) 2,300 (2007). Average life expectancy has significantly improved to 72.4 years in 2007, reflecting a progressive improvement in living standards. Nonetheless, major social challenges remain, in particular the economic insecurity of a large segment of its residents. Despite a considerable improvement in poverty indicators during this century (the incidence of poverty fell from 15.3 percent in 2001 to 9 percent in 2007), more than a quarter of the population in 2007 remained economically vulnerable. The report covers public expenditure at the central government level, including central government's financial relationships with local and regional governments and with public enterprises (PE). Morocco has a relatively large public sector that accounts for 53 percent of gross domestic product (GDP) (2007), comparable to that for other Magreb countries.