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OECD Public Sector Accruals Symposium - Veikko Kapsta

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This presentation by Veikko Kapsta was made at the 14th Annual OECD Public Sector Accruals Symposium, Paris 3-4 March 2014. Find out more at http://www.oecd.org/gov/budgeting/14thannualoecdpublicsectoraccrualssymposiumparis3-4march2014.htm

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OECD Public Sector Accruals Symposium - Veikko Kapsta

  1. 1. Improvements in Estonian budgeting reform 03 March 2014 Veikko Kapsta State Budget Department
  2. 2. Where we are today? • New State Budget Act • Step by step accrual budgeting • Preparation perfomance based budgeting (cost accounting)
  3. 3. Budget position/ Strategy 2014-17
  4. 4. History of public finance reforms before the crisis 2008 2005 2004 Accrual Accounting (IPSAS) 2002 4 years State Budget Strategy Framework for Strategic Planning Big plans Performance/ Accrual Budgeting (big bang)
  5. 5. Lessons learned from the crises - lack of data and knowledge • Lack of accrual-basis budget information • Need for performance information • Lack of skills and knowledge: –how to use available accrual-basis financial reports –how is possible and reasonable to link non-financial performance objectives with funds
  6. 6. History of public finance reforms - Mapping shortages in current system, simplifications - Centralizing support services - Building capacity to work out and implement changes (networks, pilot projects, methodology) 2009 2012 2011 2010 - Centralizing support services - pilots in accrual budgeting - Standardizing financial data - Regular networks - Harmonization of budgeting and accounting -Centralizing support services - pilots in accrual budgeting - trainings to rise the competence about basics of financial management (220) - need for new IT systems for strategic planning and budgeting - Centralizing support services preparing standard SAP system for all central government agencies - Trainings to change the budget systems in agencies - Training plans for 2013 cooperation with university how to make budget in accrual basis (300)
  7. 7. Public finance reforms on the way - accrual basis budgeting step by step -new IT system for budgeting - centralizing support services - trainings for accrual basis budgeting and perfomance based budgeting - trainings to change the budget systems in agencies 2014 2016+ 2016 2015 - accrual basis budgeting step by step -centralizing support services - trainings to change the budget systems in agencies -trainings for accrual basis budgeting - accrual basis budgeting step by step (100%) - centralizing support services (100%) - start of perfomance based budgeting step by step - accrual basis state budget - perfomance based budgeting step by step
  8. 8. Challenges to the future • to integrate strategic planning indicators, performance based budget, cost accounting and accrual budget (budget strategy + annual budget) information; • to have integrated IT systems for strategic planning, budget and accounting; • to have good reports for management.
  9. 9. Thank You! www.fin.ee veikko.kapsta@fin.ee

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