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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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Reporting

The budget is arguably the government’s key policy document as it contains important information regarding government policies and priorities, in both the medium and the short-term. The budget also provides a glimpse into the country’s finances, and may disclose information on government expectations for economic performance. The disclosure of this information to the public is, therefore, essential for fiscal transparency. Budget reports, such as mid-year and year-end reports, are important documents that governments produce and disclose in order to inform citizens of the budget execution.

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