Strengthening Fiscal Data Governance in Solomon Islands
Solomon Islands faces challenges in fiscal data governance despite reforms. While the Public Financial Management Act (PFMA) of 2013 aimed to enhance transparency, inconsistent implementation and resource constraints persist.
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Volume/Issue:
Volume 2025
Issue 062
Publication date: May 2025
ISBN: 9798229010153
$15.00
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Topics covered in this book
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Economics- Macroeconomics , Public Finance , Business and Economics - Statistics , Fiscal data governance , Public financial management , Financial Management Information System , Fiscal transparency , Fiscal reporting , Data Dissemination , Budget execution , Cash management , Government finance statistics , International Public Sector Accounting Standards , Public expenditure , Policy coordination , Debt sustainability , Investor confidence , Accountability and compliance , government debt data , public finance management , resource constraint , faces challenge , Budget planning and preparation , Financial statements , Global
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Summary
Solomon Islands faces challenges in fiscal data governance despite reforms. While the Public Financial Management Act (PFMA) of 2013 aimed to enhance transparency, inconsistent implementation and resource constraints persist. This paper highlights key issues and recommendations, including adherence to public finance management good practices, enhanced and regularly disseminated financial reporting, and better utilization of the current Financial Management Information System. Strengthening coordination and capacity building is crucial for robust fiscal governance, fostering transparency and investor confidence. Addressing these challenges can enhance public finance management and long-term economic stability.
