Government at a Glance
Latin America and the Caribbean 2014: Towards Innovative Public Financial Management

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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Public procurement spending
Governments purchase a significant variety of goods and services in order to improve citizen welfare and pursue specific social and economic objectives. Public procurement, the means by which governments and state-owned enterprises conduct purchases from private providers, is a key economic activity and accounts for a large percentage of GDP in most LAC and OECD member countries. Information on procurement is essential to improve value for money, avoid mismanagement of public resources, and increase the overall quality of government services.
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