Selected Issues Papers

Strengthening Fiscal Data Governance in Solomon Islands

By Yuwawan Rattakul

May 16, 2025

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Format: Chicago

Yuwawan Rattakul. "Strengthening Fiscal Data Governance in Solomon Islands", Selected Issues Papers 2025, 062 (2025), accessed June 19, 2025, https://doi.org/10.5089/9798229010153.018

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Summary

Solomon Islands faces challenges in fiscal data governance despite reforms. While the Public Financial Management Act (PFMA) of 2013 aimed to enhance transparency, inconsistent implementation and resource constraints persist. This paper highlights key issues and recommendations, including adherence to public finance management good practices, enhanced and regularly disseminated financial reporting, and better utilization of the current Financial Management Information System. Strengthening coordination and capacity building is crucial for robust fiscal governance, fostering transparency and investor confidence. Addressing these challenges can enhance public finance management and long-term economic stability.

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

Publication Details

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