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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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Compensation of senior managers

To maximise value and quality of public goods and services, the public sector should seek to have highly qualified staff to fulfil government responsibilities. The level of compensation is one indicator of the attractiveness of public sector positions and the ability of governments to retain the most qualified people. Although compensation for senior managers represents a small share of public expenditures, it holds a symbolic value as it provides an incentive framework for staff who have a leading role in government policy making and execution, and whose appointment is done under particular conditions.

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