Pakistan’s tight fiscal situation will require strong control over the budget in coming years. This report provides recommendations on steps to strengthen the country’s fiscal institutions to deliver a more credible budget, tighten its execution and prevent policy slippages. It also advises on how to digitalize the budget process to improve monitoring and reporting.
Related Organizations
- DOI
- https://doi.org/10.5089/9798400293481.019
- ISBN
- 9798400293481
- ISSN
- 3005-4575
- Issue
- 099
- Pages
- 45
- Published in
- United States of America
- StockNumber
- TAREA2024099
- Volume
- 2024
Table of Contents
- Contents 3
- Abbreviations 5
- Preface 6
- Executive Summary 7
- Introduction 11
- Strengthening the budget process 14
- A. The lack of a strategic and top-down phase 15
- B. Better macro-fiscal forecasting to support budget formulation 17
- C. Addressing the dual budgeting process 20
- D. Improving the Budget Call Circular 22
- E. Reorganizing the Finance Division 23
- F. Recommendations 26
- Strengthening Budget Execution 27
- A. Managing supplementary grants 27
- B. Strengthening commitment controls 33
- C. Recommendations 35
- Digitalizing the budget process 36
- A. The Assessment 37
- Budget preparation 37
- Budget execution 39
- B. Factors enabling effective digitalization 41
- FABS and staffing of the FABS Department 41
- The regulatory framework 41
- IT infrastructure 42
- Fiscal Reporting and Fiscal Data Governance 42
- Management and Governance of PFM digitalization 43
- C. Recommendations 45
