Chile: Technical Assistance Report-Introducing and Institutionalizing Spending Reviews
IMF Staff Country Reports, September 24, 2019
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- Canonical URL
- Chile: Technical Assistance Report-Introducing and Institutionalizing Spending Reviews
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Bibliographic details
- Published: September 24, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513510910.002
Summary
- Focus: introducing and institutionalizing spending reviews (SR) in Chile.
- Government commitment: achieving its fiscal target and containing expenditure growth.
- Core proposal: a SR framework combining targeted reviews on an annual rolling basis with a periodic comprehensive review at most once every four years.
- Both review types include targets to identify savings options.
Proposed spending review (SR) framework
- Targeted reviews:
- Conducted on an annual rolling basis.
- Focus on a limited predefined review topic or area.
- Emphasize value for money and efficiency.
- Comprehensive reviews:
- Undertake an unconstrained search for the best saving options.
- Do not have any predefined review topics.
- Conducted periodically, at most once every four years.
Process and timeline
- The report sets out a four-stage process for conducting an SR.
- Annual calendar:
- The process would start in September.
- Final saving decisions would be made in April or May of the following year.
- Immediate implementation steps (as specified):
- The government will need to announce the topic for the first full targeted review to Congress in September 2019.
- This review will be conducted in late 2019 and early 2020.
- The results will be ready in April 2020 in time for incorporation into the process for the 2021 budget.
Key statistics and publication metadata
- Pages: 75
- Volume: 2019
- Issue: 271
- Series: Country Report No. 2019/271
- DOI: https://doi.org/10.5089/9781513510910.002
- Stock No: 1CHLEA2019001
- ISBN: 9781513510910
- ISSN: 1934-7685
- Subject keywords: Budget planning and preparation, Expenditure, Fiscal consolidation, Fiscal policy, Labor, Medium-term budget frameworks, Public expenditure review, Public financial management (PFM)
- Additional keywords: annual budget, budget Director, Budget planning and preparation, budget process, CR, evaluation system, Fiscal consolidation, government estate, government nonspecialist estate, government policy priority, government program, government property, improved government effectiveness, ISCR, leverage government purchasing power, Medium-term budget frameworks, OECD government, policy priority, procurement practice, Public expenditure review, value for money of government program
International Monetary Fund. Fiscal Affairs Dept. "Chile: Technical Assistance Report-Introducing and Institutionalizing Spending Reviews", IMF Staff Country Reports 2019, 271 (2019).
Content in this bundle
- 1chlea2019001