Government at a Glance

Latin America and the Caribbean 2014: Towards Innovative Public Financial Management

image of Government at a Glance

Latin American and Caribbean Government at a Glance offers a dashboard of more than 30 indicators to help decision makers and citizens analyze and benchmark government performance both within the LAC region and compared to the OECD countries. The publication focuses in four broad areas: budgeting practices; public sector pay and employment; public procurement and public finances. Furthermore, the policy chapter deepens in the budgetary and fiscal innovations which have taken place for the LAC region in the past years.

Despite the fact that the LAC region has not been so badly affected by the recent Global and Financial crisis, the Latin American an Carribbean Government at a Glance argues that governments need to be more inclusive, transparent, receptive and efficient. For that, they need to improve among other budgetary, employment and procurement practices, as well as increase the transparency levels.

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Anti-corruption measures in public procurement

Given the high amounts and volume of public contracts, the cost of corruption or mismanagement of public resources can be very high. Transparency International estimates that damage from corruption normally ranges from 10% to 25% of the contract value worldwide. Considering that public procurement transactions represent up to 20% of GDP in LAC, the potential savings from reducing corruption in procurement are substantial. In addition, corruption in public procurement processes can dissuade honest bidders, reduce competition and erode citizens’ trust in government.

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