Strengthening Fiscal Data Governance in Solomon Islands

Author: Yuwawan Rattakul

Volume/Issue: Volume 2025 Issue 062

Publication date: May 2025

ISBN: 9798229010153

$15.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

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 , Expenditure , Auditing , Budget planning and preparation , Accounting standards , Financial statements , Fiscal governance , Fiscal reporting , Budget execution and treasury management , Government finance statistics

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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.