加强所罗门群岛的财政数据治理

Strengthening Fiscal DataGovernancein SolomonIslands Yuwawan Rattakul SIP/2025/62 IMF Selected Issues Papers are prepared by IMF staff asbackground documentation for periodicconsultations withmember countries.It is based on the information available atthe time it was completed onJanuary 29, 2025. This paper isalso published separately as IMF Country Report No25/50. 2025MAY IMFSelected IssuesPaperAsia Pacific Department Strengthening Fiscal Data Governance in Solomon IslandsPrepared byYuwawan Rattakul* Authorized for distribution byNadaChoueiriFebruary 2025 IMF SelectedIssues Papersare prepared by IMF staff as background documentation for periodicconsultations with member countries.It is based on the information available at the time it wascompleted onJanuary 29, 2025. This paper is also published separately as IMF Country Report No25/50. ABSTRACT:Solomon Islands faces challenges in fiscal data governance despite reforms. While the PublicFinancial Management Act (PFMA) of 2013 aimed to enhance transparency, inconsistent implementation andresource constraints persist.This paper highlights key issues and recommendations, including adherence topublic finance management good practices,enhancedand regularly disseminatedfinancial reporting, andbetter utilization ofthe current Financial Management Information System. Strengthening coordination andcapacity building iscrucialfor robust fiscal governance, fostering transparency and investor confidence.Addressing these challenges can enhance public finance management and long-term economic stability. RECOMMENDED CITATION:Yuwawan Rattakul.2025. “Strengthening Fiscal Data Governance in SolomonIslands” IMF Selected Issues Paper (SIP/2025/62) Washington D.C.: International Monetary Fund. SELECTED ISSUESPAPERS Strengthening Fiscal DataGovernancein Solomon Islands Solomon Islands Prepared byYuwawan Rattakul1 SOLOMON ISLANDS SELECTED ISSUES ApprovedByAsia and PacificDepartment Prepared ByYuwawan Rattakul (STA) CONTENTS STRENGTHENING FISCALDATA GOVERNANCE INSOLOMON ISLANDS_____________2 A. Background_____________________________________________________________________________2B. Fiscal Transparency and Best Practices__________________________________________________2C. Usage for Fiscal Analysis________________________________________________________________5D. Fiscal Documents_____________________________________________________________________10E. Recommendations____________________________________________________________________10F. Conclusion_____________________________________________________________________________12 TABLES 1. Solomon Islands: Summary of Recommendations___________________________________32. Solomon Islands: Standard Requirements of Fiscal Report___________________________43. Solomon Islands: Government Debt Data Disseminated by the MOFT and__________9 FIGURES 1. Templates of the Cash Basis IPSAS and the GFSM2014 Statement of Sources andUses_____________________________________________________________________________________7 STRENGTHENING FISCALDATA GOVERNANCE INSOLOMON ISLANDS1 A.Background 1.Despite a commendable level of coordination among authoritiesand developmentpartners,fundamentalchallenges persistin Solomon Islandsthat impede the efficiency andeffectiveness of fiscal management.Solomon Islands is currently navigating through a criticalphase in enhancing its fiscal governance structures.Continuous technical assistance missions,including thosefrom the IMF in 2017, 2021, 2023,and 20242, alongside evaluations from partnerssuch as the World Bank in 2022 and the AsianDevelopmentBankin 2024, supportedtheimprovement of fiscal reporting. These evaluations providedpolicy recommendations for both theshort and long term, emphasizing the importance of data and transparency for successful policyimplementation.A significant concern is the performance of the Financial Management InformationSystem (FMIS),upgradedin 2021, which has not functioned as anticipated. 2.This paper, as part of bilateral surveillance, underscores broader issuesof governanceand the necessity for a comprehensive approach to bolster fiscal data governance.Itlays outhigh-level policy recommendationsassummarized inTable1andidentifiesspecific technicalassistance needswhere the Fundcan supportthe improvement of fiscal reporting and data withinthetransparencyframeworkfor better integration of surveillance and capacity development. B.Fiscal Transparency and Best Practices 3.Solomon Islands enacted the Public Financial Management Act(PFMA)in 2013,alongside apublic financial management (PFM)reform plan spanning 2014-2017;however,implementation has fallen short of expectations.ThePFMA 2013broadly addressescashmanagement, reporting requirements, and the integrity of implementation processes. WhilePFMreformshave consistently been on the Solomon Islands Government(SIG)’sagenda, actual follow-through and effective implementation have been sporadic.Resource challenges such