Budgeting of DGTF DGTF provides Regular para-statal responsibilities for inputs and clearance contribution to organizations SOE/Agencies to DGB on N+1 budget preparation of budgeting adopted. budget for SOEs and SOEs/Agencies. Agencies. Dividend policy DGTF provides defined and enforced. inputs and clearance to DGB on subsidies and other transfers to para-statal organizations (SOEs and public agencies). Fiscal Risk Fiscal monitoring Available Effective fiscal Monitoring methodology defined consolidated monitoring of and adopted by the portfolio report on SOEs/Agencies. DGTF. aggregate fiscal risk Outstanding for SOEs and cross-debts settled. Agencies prepared Preparation of by the DGTF. annual consolidated Analysis of SOEs/Agencies existing SOEs portfolio fiscal risk debts initiated by the report. DGTF. Quantification of Consider contingent liabilities. establishing clearer fiscal rules that create incentives for monitoring of SOE finances, such as deficit targets including SOEs. OTHER GOVERNANCE DIMENSIONS Development Procedures are Training to DGTF works of advisory role defined for DGTF staff in jointly with and in performance coordination between design and provides support to monitoring of DGTF and Sector monitoring of Sector Ministries in DGTF Ministries. performance the preparation of agreements. SOEs/Agencies performance agreements. Adoption of performance agreements is generalized for major SOEs and Public Agencies. Legal Detailed legal 1990 Ordinance Comprehensive Framework for review conducted on updated. legal framework oversight of the basis of Strategic defining financial Oversight SOEs/Agencies Plan and mandate of oversight for all arrangements for the DGTF. categories of SOEs Limited Liability and Public Agencies. SOEs (SA) legally defined. Legal form of other public
Budgeting of para-statal organizations DGTF responsibilities for SOE/Agencies budgeting adopted. DGTF provides inputs and clearance to DGB on N+1 budget for SOEs and Agencies. DGTF provides inputs and clearance to DGB on subsidies and other transfers to para-statal organizations (SOEs and public agencies). Regular contribution to budget preparation of SOEs/Agencies. Dividend policy defined and enforced. Fiscal Risk Monitoring Fiscal monitoring methodology defined and adopted by the DGTF. Available consolidated portfolio report on aggregate fiscal risk for SOEs and Agencies prepared by the DGTF. Analysis of existing SOEs initiated by the DGTF. Consider establishing clearer fiscal rules that create incentives for monitoring of SOE finances, such as deficit targets including SOEs. Effective fiscal monitoring of SOEs/Agencies. Outstanding cross-debts settled. Preparation of annual consolidated SOEs/Agencies portfolio fiscal risk report. Quantification of contingent liabilities. OTHER GOVERNANCE DIMENSIONS Development of advisory role in performance monitoring of DGTF Procedures are defined for coordination between DGTF and Sector Ministries. Training to DGTF staff in design and monitoring of performance agreements. DGTF works jointly with and provides support to Sector Ministries in the preparation of SOEs/Agencies performance agreements. Adoption of performance agreements is generalized for major SOEs and Public Agencies. Legal Framework for oversight of SOEs/Agencies Detailed legal review conducted on the basis of Strategic Plan and mandate of the DGTF. 1990 Ordinance updated. Oversight arrangements for Limited Liability SOEs (SA) legally defined. Legal form of other public Comprehensive legal framework defining financial oversight for all categories of SOEs and Public Agencies. debts