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Oriental Republic of Uruguay : Country Financial Accountability Assessment

The Country Financial Accountability Assessment (CFAA) for Uruguay analyzes two principal roles: (1) to identify the strengths and weaknesses of Public Financial Management (PFM) arrangements in Uruguay, and (2) to contribute to the strengthening of Uruguay's economic governance and associated...

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Bibliographic Details
Main Author: World Bank
Language:English
en_US
Published: Washington, DC 2012
Subjects:
ACCOUNTANT GENERAL
ACCOUNTING
ACCOUNTING PROCEDURES
ACCOUNTING STANDARDS
ACCOUNTING SYSTEMS
ANNUAL BUDGETS
ASSET MANAGEMENT
AUDITING
AUDITS
BANKING SYSTEM
BANKS
BUDGET ALLOCATIONS
BUDGET BILL
BUDGET CLASSIFICATION
BUDGET CLASSIFICATION SYSTEM
BUDGET COMMITTEE
BUDGET COVERAGE
BUDGET DECISIONS
BUDGET EVALUATION
BUDGET EXECUTION
BUDGET FORMULATION
BUDGET LAW
BUDGET MONITORING
BUDGET PREPARATION
BUDGET PROCEDURE
BUDGET PROCESS
BUDGET PROPOSALS
BUDGET REFORM
BUDGET REPORT
BUDGET SYSTEM
BUDGETARY ACCOUNTING
BUDGETARY MANAGEMENT
BUDGETARY SYSTEM
CASH FLOW
CASH MANAGEMENT
CENTRAL ADMINISTRATION
CENTRAL BANK
CURRENT EXPENDITURE
DATA COLLECTION
DEBT
DEBT MANAGEMENT
DEBT SERVICE
DEPOSITS
ECONOMIC ASSUMPTIONS
ECONOMIC GROWTH
ELECTRICITY
EMPLOYMENT
EXPENDITURE CLASSIFICATION
EXPENDITURE MANAGEMENT
EXTERNAL AUDIT
FINANCIAL ACCOUNTABILITY
FINANCIAL ACCOUNTING
FINANCIAL ADMINISTRATION
FINANCIAL AUTONOMY
FINANCIAL CRISES
FINANCIAL INFORMATION
FINANCIAL INFORMATION SYSTEM
FINANCIAL INSTITUTIONS
FINANCIAL MANAGEMENT
FINANCIAL MANAGEMENT INFORMATION
FINANCIAL MANAGEMENT INFORMATION SYSTEM
FINANCIAL REPORTING
FINANCIAL SECTOR
FINANCIAL STATEMENTS
FINANCIAL TRANSACTIONS
FISCAL BALANCE
FISCAL POLICY
FISCAL TRANSPARENCY
HEALTH SERVICES
HOUSING
HUMAN RESOURCE MANAGEMENT
INFLATION
INTERNAL AUDIT
INTERNAL AUDIT UNITS
INTERNAL CONTROL
INTERNAL CONTROLS
INTERNATIONAL RESERVES
LAWS
LEGAL FRAMEWORK
LEGISLATION
MACROECONOMIC STABILITY
MANAGEMENT
MANAGEMENT OPERATIONS
MANDATES
MUNICIPAL GOVERNMENTS
MUNICIPALITIES
NATIONAL BUDGET
NATIONAL BUDGETS
NATIONAL CIVIL SERVICE
OPERATING EXPENDITURES
OPERATIONS
PERFORMANCE BUDGETING
PRIVATE SECTOR
PUBLIC
PUBLIC ACCOUNTS
PUBLIC ADMINISTRATION
PUBLIC COMPANIES
PUBLIC DEBT
PUBLIC ENTERPRISES
PUBLIC EXPENDITURE
PUBLIC EXPENDITURES
PUBLIC FINANCES
PUBLIC FINANCIAL MANAGEMENT
PUBLIC FINANCIAL MANAGEMENT SYSTEM
PUBLIC FUNDS
PUBLIC INSTITUTIONS
PUBLIC MANAGEMENT
PUBLIC SECTOR
PUBLIC SECTOR ACCOUNTING
PUBLIC SECTOR DEFICIT
PUBLIC SECTOR MANAGEMENT
PUBLIC SECTOR PRICES
PUBLIC SECTOR WAGES
PUBLIC SERVICES
PUBLIC SPENDING
REGULATORY FRAMEWORK
RESOURCE ALLOCATION
STRUCTURAL ADJUSTMENT
TELECOMMUNICATIONS
TRANSPORT
TREASURY
TREASURY OPERATIONS
Online Access:http://documents.worldbank.org/curated/en/2005/06/6462841/orietal-republic-uruguay-country-financial-accountability-assessment
http://hdl.handle.net/10986/8347
Description
Summary:The Country Financial Accountability Assessment (CFAA) for Uruguay analyzes two principal roles: (1) to identify the strengths and weaknesses of Public Financial Management (PFM) arrangements in Uruguay, and (2) to contribute to the strengthening of Uruguay's economic governance and associated social and economic development by identifying weaknesses and recommending remedial action in areas where current cumbersome systems contribute to poor public sector management. Some of the recommendations are: National Budgets should include all government entities performing non-commercial activities. The annual budgets and financial statements of autonomous commercial and industrial entities should be presented to the Parliament at the same time as the National Budget. In order to improve capacity for performance budgeting, analytical and cost accounting in the Government, a comprehensive management and budgeting capacity building program should be designed and implemented. The integrated financial information system (SIIF) Budget Evaluation Module (SEV) should be fully implemented, and a framework for analysis of efficiency and effectiveness of resource utilization created. Financial accounting and reporting practices should be expanded. Priority should be given to developing and implementing the SIC accounting module of SIIF. In order to promote a uniform control environment, internal audit units of staff reporting directly to the ministries and autonomous entities should be developed.

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