Strengthening Fiscal Data Governance in Solomon Islands

Selected Issues Papers, May 16, 2025

Source details

The Public Financial Management Act (PFMA) of 2013 aimed to enhance transparency, but implementation is inconsistent.
Resource constraints persist and hinder effective fiscal data governance.
Financial reporting is insufficiently frequent and disseminated.
The current Financial Management Information System is underutilized.
Weak coordination and limited capacity reduce the robustness of fiscal governance.
These shortcomings undermine fiscal transparency and investor confidence and impede public finance management and long-term economic stability.

Adhere to public finance management good practices to strengthen governance.
Enhance financial reporting frequency and ensure regular dissemination of fiscal data.
Improve utilization of the current Financial Management Information System.
Strengthen interagency coordination to support coherent fiscal data governance.
Invest in capacity building across institutions responsible for fiscal data and reporting.

Subject: Budget planning and preparation, Economic and financial statistics, Financial statements, Government finance statistics, Public financial management (PFM)
Keywords: Accountability and compliance, Budget execution, Budget planning and preparation, Cash management, Data Dissemination, Debt sustainability, faces challenge, Financial Management Information System, Financial statements, Fiscal data governance, Fiscal reporting, Fiscal transparency, Global, government debt data, Government finance statistics, International Public Sector Accounting Standards, Investor confidence, Policy coordination, Public expenditure, public finance management, Public financial management, resource constraint

Source: Strengthening Fiscal Data Governance in Solomon Islands, Selected Issues Papers (2025), by Yuwawan Rattakul, May 16, 2025.