Unorthodox Expenditure Procedures in CEMAC and WAEMU Countries
Unorthodox Expenditure Procedures in CEMAC and WAEMU Countries
READ MORE...
Volume/Issue:
Volume 2022
Issue 148
Publication date: July 2022
ISBN: 9798400215681
$20.00
Add to Cart by clicking price of the language and format you'd like to purchase
Available Languages and Formats
| English |
Prices in red indicate formats that are not yet available but are forthcoming.
Topics covered in this book
This title contains information about the following subjects.
Click on a subject if you would like to see other titles with the same subjects.
Economics- Macroeconomics , Public Finance , Economics / General , Budget institutions , budget execution , expenditure controls , fiscal reporting , public financial management , Francophone Africa , procedures in CEMAC , PFM principle , WAEMU country , Multiyear expenditure , control procedure , Budget execution processes , Expenditure control , Budget planning and preparation , Africa , West Africa , post disbursement regularization , cash disbursement , budget authority , expenditure ceiling
Summary
This paper takes stock of unorthodox expenditure procedures in CEMAC and WAEMU countries and assesses their potential fiscal impact. “Unorthodox procedures” are defined as spending practices that bypass legal provisions governing public expenditure processes and circumvent regular controls or other budgetary rules, including those related to budget time limits, approved ceilings, or approved appropriations. The paper shows that despite PFM reforms, recourse to such procedures has persisted—resulting in the accumulation of arrears; inadequate fiscal reporting, including large stock-flow adjustments; and corruption vulnerabilities.
