Gambia : Country Financial Accountability Assessment
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Washington, DC
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In the Gambia, effective public
financial management is promoted through a reasonably sound
budget framework. However, there are a number of serious
weaknesses, which create a high level of fiduciary risk.
(Appendix 1 of this report.) Fiduciary risk means here that
there is a risk that resources are not accounted for
properly, that they are not used for intended purposes and
that expenditure does not represent value for money. There
are also risks associated with the governance environment.
These weaknesses include poor resource allocation,
non-compliance, limited execution, inadequate monitoring and
scrutiny, insufficient capacity, lack of enforcement,
non-transparency, and poor parliamentary oversight. The
Government's pledge to strengthen governance needs to
be translated into measures to address these weaknesses.
This report recommends the following recommendations for
providing evidence that significant progress has been made
towards the fundamental benchmarks in public financial
management: 1) Strengthen linkages between policies and
budget expenditures through updating sectoral public
expenditure reviews (PERs) for education, health, and
agriculture & natural resources, and completing two new
PERs in the infrastructure (transportation) and local
government sectors. 2) Provide spending departments with
indicative resource envelopes beyond the coming
month/quarter to facilitate their planning and management.
3) Update the accounting records (including bank
reconciliations), immediate address concerns with
information technology systems (OMICRON, WANG) and urgently
close the annual accounts. 4) Issue audit opinions on
financial statements for 1991-1999.
Palabras clave
ACCOUNT, ACCOUNTABILITY, ACCOUNTANCY, ACCOUNTANTS, ACCOUNTING DOCUMENTS, ACCOUNTING RECORDS, ACCOUNTING STANDARDS, ADJUSTMENT LENDING, AGGREGATE FISCAL DISCIPLINE, ALLOCATION OF RESOURCES, ANTI-CORRUPTION, AUDITING, AUDITING PROFESSION, AUDITING STANDARDS, AUDITORS, AUDITS, AUTHORITY, AUTHORIZATION, BANK ACCOUNTS, BUDGET CLASSIFICATION, BUDGET ESTIMATES, BUDGET EXECUTION, BUDGET EXPENDITURES, BUDGET FORMULATION, BUDGET MANAGEMENT, BUDGET PROCESS, BUDGET SYSTEM, BUDGETARY PROCESS, BUDGETING, CENTRAL GOVERNMENT, CIVIL SERVICE, CONSTITUENCIES, CONSTITUTION, COUNCILS, CREDIT CONTROL, DEBT, DEBT RELIEF, DEBT SERVICE, DECISION-MAKING, DECISION-MAKING PROCESS, EXECUTION, EXPENDITURE, FINANCIAL ACCOUNTABILITY, FINANCIAL MANAGEMENT, FINANCIAL PLANNING, FINANCIAL REPORTING, FINANCIAL STATEMENTS, FINANCIAL STATISTICS, FINANCIAL SUPPORT, FISCAL, GOVERNMENT ACCOUNTING, GOVERNMENT AGENCIES, GOVERNMENT FINANCE, GOVERNMENT INFORMATION, GOVERNMENT SALARIES, GOVERNMENT SYSTEMS, HOUSING, HOUSING FINANCE, HUMAN RESOURCE, HUMAN RESOURCE MANAGEMENT, INSTITUTIONAL FRAMEWORK, INTERNAL AUDIT, INTERNAL AUDIT FUNCTION, LAWS, LEGISLATION, LEGISLATIVE FRAMEWORK, LEGISLATIVE OVERSIGHT, LEGISLATURE, LOCAL GOVERNMENT, NATIONAL ACCOUNTS, NATIONAL BUDGET, NATIONALS, NATURAL RESOURCES, PAYROLL, PORTS, PRIVATE SECTOR, PROCUREMENT, PROVISIONS, PUBLIC ACCOUNTABILITY, PUBLIC ADMINISTRATION, PUBLIC ENTERPRISES, PUBLIC EXPENDITURE, PUBLIC EXPENDITURE MANAGEMENT, PUBLIC EXPENDITURE REVIEW, PUBLIC EXPENDITURE REVIEWS, PUBLIC EXPENDITURES, PUBLIC FINANCE, PUBLIC FUNDS, PUBLIC RESOURCES, PUBLIC SECTOR, PUBLIC SECTOR ACCOUNTING, PUBLIC TRANSPORTATION, QUALITY CONTROL, RESOURCE ALLOCATION, RESOURCE ALLOCATIONS, SOCIAL WELFARE, SUBSIDIARY, TECHNICAL ASSISTANCE, TRANSPARENCY ALLOCATION OF RESOURCES, COMPLIANCE, INSTITUTIONAL CAPACITY, ENFORCEMENT POWERS, PARLIAMENTARY SYSTEM, LEGISLATIVE OVERSIGHT, PUBLIC FINANCE, FINANCIAL PLANNING, BUDGET MONITORING, BUDGET IMPLEMENTATION, AID COORDINATION, FINANCIAL REPORTING STANDARDS, GOVERNMENT ACCOUNTING, INFORMATION TECHNOLOGY, RECORDS MANAGEMENT, HUMAN RESOURCES DEVELOPMENT, AUDITING, ACCESS TO INFORMATION, CORRUPTION, NONGOVERNMENTAL ORGANIZATIONS, PUBLIC EXPENDITURES FOR EDUCATION, PUBLIC EXPENDITURES FOR HEALTH, GOVERNMENT SPENDING POLICY