Support to Ministry of Finance To strengthen budget processes, Provide core funding support to To ensure MFEM remains a strong Ongoing improvements in and Economic Management improve public financial assist MFEM agencies (DoFT, institution and agencies such as administration of public finances management systems, revenue/tax VNSO, Tender Board Secretariat, DoFT, Customs and Revenue, including improved budgeting $2.25m over four years system; procurement; strengthen Dept. of Customs & Revenue) to Tender Board Secretariat and (target setting, forecasting, transparency and accountability procure technical assistance, goods VNSO perform at or above their expenditure management); (No funds in 1st year – 12/13 as and improve management of and services in support of corporate objectives. improved regulations (adoption existing Phase 1 grants rolled over Government Business Enterprises. operational and reform oriented rates, compliance); improved will be sufficient) To support the agencies to financial reporting (including public activities. develop/implement new reforms accessibility); strengthened which improve revenue flows and expenditure and financial controls; expenditure management. FMIS maintenance and useability That MFEM improves its outreach upgrades (including line agency training). to the line agencies and the public in order to improve quality of public Medium-term fiscal framework expenditure and developed together with PMO. accountability/transparency of PFM and budget management. Finance units of line ministries and provincial offices are strengthened – including internal audit functions. Procurement reforms are approved and implemented across whole of government. Increasing percentage of government expenditure through Central Tender Board processes. Improved/streamlined revenue and customs regulations and more compliance resulting in increased revenue collection Improved data collection, compilation and dissemination to stakeholders throughout Vanuatu, including government.
Support to Ministry of Finance and Economic Management $2.25m over four years (No funds in 1st year – 12/13 as existing Phase 1 grants rolled over will be sufficient) To strengthen budget processes, improve public financial management systems, revenue/tax system; procurement; strengthen transparency and accountability and improve management of Government Business Enterprises. Provide core funding support to assist MFEM agencies (DoFT, VNSO, Tender Board Secretariat, Dept. of Customs & Revenue) to procure technical assistance, goods and services in support of operational and reform oriented activities. To ensure MFEM remains a strong institution and agencies such as DoFT, Customs and Revenue, Tender Board Secretariat and VNSO perform at or above their corporate objectives. To support the agencies to develop/implement new reforms which improve revenue flows and expenditure management. That MFEM improves its outreach to the line agencies and the public in order to improve quality of public expenditure and accountability/transparency of PFM and budget management. Ongoing improvements in administration of public finances including improved budgeting (target setting, forecasting, expenditure management); improved regulations (adoption rates, compliance); improved financial reporting (including public accessibility); strengthened expenditure and financial controls; FMIS maintenance and useability upgrades (including line agency training). Medium-term fiscal framework developed together with PMO. Finance units of line ministries and provincial offices are strengthened – including internal audit functions. Procurement reforms are approved and implemented across whole of government. Increasing percentage of government expenditure through Central Tender Board processes. Improved/streamlined revenue and customs regulations and more compliance resulting in increased revenue collection Improved data collection, compilation and dissemination to stakeholders throughout Vanuatu, including government.
governance-for-growth-phase-2-program-design-document.docx