Uganda: Technical Assistance Report-Managing and Preventing Expenditure Arrears
IMF Staff Country Reports, September 15, 2017
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- Uganda: Technical Assistance Report-Managing and Preventing Expenditure Arrears
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Bibliographic details
- Published: September 15, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484317815.002
Executive summary
- The report discusses recommendations for managing and preventing expenditure arrears in Uganda.
- Key needs identified:
- Reconcile the verified stock of arrears with those reported in the annual financial statements.
- Complete the verification for Budgetary Central Government.
- Establish mechanisms for regular reporting and verification of arrears by local government and the broader public sector.
- Develop and publish an arrears clearance strategy that includes prioritization criteria, a liquidation policy, and clear institutional responsibility for monitoring and clearance of arrears.
Findings on arrears and reporting
- Verified stock of arrears currently does not match arrears reported in the annual financial statements.
- Verification for Budgetary Central Government remains incomplete.
- There is an absence of established mechanisms for:
- Regular reporting of arrears by local government.
- Regular verification of arrears across the broader public sector.
Recommended actions and policy measures
- Complete verification of Budgetary Central Government arrears.
- Reconcile verified arrears with figures reported in annual financial statements.
- Establish institutional mechanisms for:
- Regular reporting of arrears by local government.
- Regular verification across the broader public sector.
- Develop and publish an arrears clearance strategy containing:
- Prioritization criteria for liquidation.
- A liquidation policy.
- Clearly assigned institutional responsibility for monitoring and clearance of arrears.
Subject coverage and keywords (as listed)
- Subjects: Arrears, Budget planning and preparation, Expenditure, External debt, Financial institutions, Financial statements, Public financial management (PFM), Stocks
- Keywords: accumulation issue, arrear claim, arrear reporting, Arrears, arrears committee, arrears management process, arrears problem, arrears stocktaking, Budget planning and preparation, clearance strategy, CR, expenditure arrears, Financial statements, government team, IAD arrear report, ISCR, payment arrears, purchase order, rent arrears, Stocks, verified arrears
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- Country Report