Digitalisation has a wide range of implications for taxation, impacting tax policy and tax administration at both the domestic and international level. As a result, the tax policy implications of digitalisation have been at the centre of the recent global debate over whether or not international tax rules continue to be fit for purpose in an increasingly changing environment.
Webinar: Economic Impact Assessment of the Pillar One and Pillar Two proposal...OECDtax
As part of the work by the OECD/G20 Inclusive Framework on BEPS relating to the tax challenges arising from the digitalisation of the economy, the OECD has been carrying out an economic analysis and impact assessment of the Pillar One and Pillar Two proposals. Experts from the OECD's Centre for Tax Policy and Administration and Economics Department presented the methodology and estimates of the impact assessment during this webinar.
Further information: http://oe.cd/tax-challenges-digital-impact-assessment
Associate Research Professor, Conor O'Toole and Research Professor, Kieran McQuinn presented an overview of the Quarterly Economic Commentary, Autumn 2021 to the media on Wednesday, 6 October 2021 ahead of the document's publication on Thursday, 7 October 2021.
Despite the ongoing effects of the COVID-19 pandemic, both domestic and foreign sources of growth have contributed to the Irish economy’s robust performance in 2021. As public health measures are eased considerably, we anticipate a return to more normal economic activity by the end of the year. For the present year, our expectation is that Irish GDP will grow by 12.6 per cent. The double-digit growth rate is mainly due to multinational related activities, in particular strong export figures. Modified domestic demand, a more accurate measure of underlying economic activity, is expected to grow by 7 per cent in the present year. Into 2022, we expect a continued strong performance of the economy, with GDP set to increase by 7 per cent.
The recovery from COVID-19 has contributed to inflationary pressures in many advanced economies stemming mainly from global supply chain problems and energy prices. While the current expectation is that these factors are largely temporary, further domestic inflationary risks remain relating to the rapidity of the recovery in household spending as well as how price changes feed into wage expectations. At this juncture, our expectation is that inflationary pressures will peak in Q4 2021 and abate through 2022. We expect an inflation rate of 2.3 per cent in 2021 and 2.5 per cent in 2022.
The monthly unemployment rate continues to fall as public health restrictions are eased. Consequently, we expect the unemployment rate to fall to 9 per cent in Q4 2021 and average 16.3 for 2021 overall. Unemployment is set to fall further into 2022 and will average just over 7 per cent for the year. However, we do not expect to see the unemployment rate fall back to pre-COVID rates until late 2023 at the earliest.
The significant reduction in unemployment along with strong underlying growth in taxation receipts has contributed to a smaller deficit in 2021 than expected. The eased pressure on the public finances comes at a time when significant investments will have to be made in the years ahead to tackle issues such as housing, climate change, and healthcare. Making these investments, while ensuring the domestic economy does not overheat, will be a key challenge for fiscal policy over the medium-term.
The publication can be read here: https://www.esri.ie/publications/quarterly-economic-commentary-autumn-2021
The press release accompanying the report can be read here: https://www.esri.ie/news/strong-exports-and-multinationals-contributing-to-double-digit-gdp-growth-however-challenges
For more from the Economic and Social Research Institute (ESRI), visit our website: www.esri.ie
Accrual developments in individual countries - Kwang Moon, KoreaOECD Governance
This presentation was made by Kwang Moon, Korea, at the 17th Annual Meeting of OECD Senior Management Officials held at the OECD, Paris, on 2-3 March 2017
BEPS filing requirements for multinationals under country by country reportingPaul Authachinda
BEPS FILING REQUIREMENTS FOR MULTINATIONALS UNDER COUNTRY BY COUNTRY REPORTING. An MNE’s CbC report should include detailed financial and tax information
relating to the global allocation of its income and taxes. CbCR is required where the ultimate parent company has its tax residence.
Digitalisation has a wide range of implications for taxation, impacting tax policy and tax administration at both the domestic and international level. As a result, the tax policy implications of digitalisation have been at the centre of the recent global debate over whether or not international tax rules continue to be fit for purpose in an increasingly changing environment.
Webinar: Economic Impact Assessment of the Pillar One and Pillar Two proposal...OECDtax
As part of the work by the OECD/G20 Inclusive Framework on BEPS relating to the tax challenges arising from the digitalisation of the economy, the OECD has been carrying out an economic analysis and impact assessment of the Pillar One and Pillar Two proposals. Experts from the OECD's Centre for Tax Policy and Administration and Economics Department presented the methodology and estimates of the impact assessment during this webinar.
Further information: http://oe.cd/tax-challenges-digital-impact-assessment
Associate Research Professor, Conor O'Toole and Research Professor, Kieran McQuinn presented an overview of the Quarterly Economic Commentary, Autumn 2021 to the media on Wednesday, 6 October 2021 ahead of the document's publication on Thursday, 7 October 2021.
Despite the ongoing effects of the COVID-19 pandemic, both domestic and foreign sources of growth have contributed to the Irish economy’s robust performance in 2021. As public health measures are eased considerably, we anticipate a return to more normal economic activity by the end of the year. For the present year, our expectation is that Irish GDP will grow by 12.6 per cent. The double-digit growth rate is mainly due to multinational related activities, in particular strong export figures. Modified domestic demand, a more accurate measure of underlying economic activity, is expected to grow by 7 per cent in the present year. Into 2022, we expect a continued strong performance of the economy, with GDP set to increase by 7 per cent.
The recovery from COVID-19 has contributed to inflationary pressures in many advanced economies stemming mainly from global supply chain problems and energy prices. While the current expectation is that these factors are largely temporary, further domestic inflationary risks remain relating to the rapidity of the recovery in household spending as well as how price changes feed into wage expectations. At this juncture, our expectation is that inflationary pressures will peak in Q4 2021 and abate through 2022. We expect an inflation rate of 2.3 per cent in 2021 and 2.5 per cent in 2022.
The monthly unemployment rate continues to fall as public health restrictions are eased. Consequently, we expect the unemployment rate to fall to 9 per cent in Q4 2021 and average 16.3 for 2021 overall. Unemployment is set to fall further into 2022 and will average just over 7 per cent for the year. However, we do not expect to see the unemployment rate fall back to pre-COVID rates until late 2023 at the earliest.
The significant reduction in unemployment along with strong underlying growth in taxation receipts has contributed to a smaller deficit in 2021 than expected. The eased pressure on the public finances comes at a time when significant investments will have to be made in the years ahead to tackle issues such as housing, climate change, and healthcare. Making these investments, while ensuring the domestic economy does not overheat, will be a key challenge for fiscal policy over the medium-term.
The publication can be read here: https://www.esri.ie/publications/quarterly-economic-commentary-autumn-2021
The press release accompanying the report can be read here: https://www.esri.ie/news/strong-exports-and-multinationals-contributing-to-double-digit-gdp-growth-however-challenges
For more from the Economic and Social Research Institute (ESRI), visit our website: www.esri.ie
Accrual developments in individual countries - Kwang Moon, KoreaOECD Governance
This presentation was made by Kwang Moon, Korea, at the 17th Annual Meeting of OECD Senior Management Officials held at the OECD, Paris, on 2-3 March 2017
BEPS filing requirements for multinationals under country by country reportingPaul Authachinda
BEPS FILING REQUIREMENTS FOR MULTINATIONALS UNDER COUNTRY BY COUNTRY REPORTING. An MNE’s CbC report should include detailed financial and tax information
relating to the global allocation of its income and taxes. CbCR is required where the ultimate parent company has its tax residence.
As the COVID-19 crisis continues to affect people's lives and force governments to take action, the international tax agenda remains highly relevant. Work has continued throughout the crisis on the pressing issue of reaching a multilateral, consensus-based solution to the tax challenges arising from the digitalisation of the economy, and in other areas of the OECD's tax agenda. With a number of recent and upcoming developments in the OECD's international tax agenda, experts from the OECD Centre for Tax Policy and Administration gave an update on our work.
Topics included:
- Update on G20
- Tax and digitalisation update on Pillar One and Pillar Two
- Tax policy
- COVID-19 response – tax treaties and transfer pricing
- BEPS implementation and tax transparency
- Tax and crime
Visit our website: http://oe.cd/taxtalks
International Journal of Humanities and Social Science Invention (IJHSSI)inventionjournals
International Journal of Humanities and Social Science Invention (IJHSSI) is an international journal intended for professionals and researchers in all fields of Humanities and Social Science. IJHSSI publishes research articles and reviews within the whole field Humanities and Social Science, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online
The 2017 tax act changed the corporate income tax rate, international taxes, the taxation of domestic business activity, individual income taxes, and estate and gift taxes. It also eliminated the penalty for not having health insurance and required the use of an alternative inflation measure to adjust tax provisions.
Those changes will have effects on the economy’s productivity and output, income, and the federal budget, all of which are reflected in CBO’s baseline economic and budget projections.
Presentation by Wendy Edelberg, Associate Director for Economic Analysis at CBO, at the National Bureau of Economic Research. Originally posted to SlideShare on April 13, 2017. CBO reposted this presentation with a corrected value of 0.9 million jobs for the effect of the 2017 tax act on average nonfarm payroll employment during the 2018–2028 period (see slide 13).
Macro Pakistani | BaKhabar Special Episode | Federal Budget 2021-22 Faiz Ahmed
Highlights from the Federal Budget 2021-22 along with comparisons of previous years' budgeted and actual revenue collection/expenditure. Ambitious target setting for revenues continues with fiscal deficits budgeted at 6.3%. Higher GDP growth is expected to bring in higher tax revenues and lower deficit. Expenditure to rise mainly for subsidies, development expenditure and higher transfer to provinces.
OECD webinar: Better design of taxes on personal savings and wealth to suppor...OECDtax
Taxes are among the most effective tools governments have for reducing inequalities and bringing about more inclusive growth. Two new OECD reports released on 12 April 2018 assess how governments are using the taxation of personal savings and wealth and offer recommendations for more effective and more efficient tax policy.
OECD’s head of Tax Policy and Statistics David Bradbury, Senior Tax Economist Alastair Thomas and Tax Economist Sarah Perret presented the findings and answered questions.
CBO’s analyses of the distribution of household income and federal taxes are based on administrative tax data from the Internal Revenue Service’s Statistics of Income (SOI) and on household survey data from the Census Bureau’s Current Population Survey (CPS). Those two data sources contain complementary information. The SOI data contain detailed income information for those who file taxes each year but lack information for those who do not file taxes; the data also lack information about nontaxable sources of income. The CPS data contain information about a wide range of nontaxable sources of income for all U.S. households, regardless of whether they file tax returns in a given year.
By statistically combining the information from those two sources, CBO creates a comprehensive database of income sources for all U.S. households to serve as the foundation for its distributional analyses. This presentation provides an overview of the algorithm that CBO uses to statistically match the SOI and CPS data, and it provides some summary statistics on the characteristics of nonfiling tax units.
Presentation by Kevin Perese, an analyst in CBO's Tax Analysis Division, at a Washington Center for Equitable Growth workshop on distributional national accounts.
Economic Analysis and Impact Assessment - Pillar 1 and Pillar 2 Proposals (Fe...OECDtax
As part of the work by the OECD/G20 Inclusive Framework on BEPS relating to the tax challenges arising from the digitalisation of the economy, the OECD has been carrying out an economic analysis and impact assessment of the Pillar 1 and Pillar 2 proposals. We invite you to join a live webcast with experts from the OECD’s Centre for Tax Policy and Administration and Economics Department to learn more about this work, which will include a presentation of preliminary results on the revenue and investment effects of the proposals.
More information: www.oecd.org/tax/beps/webcast-economic-analysis-impact-assessment-february-2020.htm
As the COVID-19 crisis continues to affect people's lives and force governments to take action, the international tax agenda remains highly relevant. Work has continued throughout the crisis on the pressing issue of reaching a multilateral, consensus-based solution to the tax challenges arising from the digitalisation of the economy, and in other areas of the OECD's tax agenda. With a number of recent and upcoming developments in the OECD's international tax agenda, experts from the OECD Centre for Tax Policy and Administration gave an update on our work.
Topics included:
- Update on G20
- Tax and digitalisation update on Pillar One and Pillar Two
- Tax policy
- COVID-19 response – tax treaties and transfer pricing
- BEPS implementation and tax transparency
- Tax and crime
Visit our website: http://oe.cd/taxtalks
International Journal of Humanities and Social Science Invention (IJHSSI)inventionjournals
International Journal of Humanities and Social Science Invention (IJHSSI) is an international journal intended for professionals and researchers in all fields of Humanities and Social Science. IJHSSI publishes research articles and reviews within the whole field Humanities and Social Science, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online
The 2017 tax act changed the corporate income tax rate, international taxes, the taxation of domestic business activity, individual income taxes, and estate and gift taxes. It also eliminated the penalty for not having health insurance and required the use of an alternative inflation measure to adjust tax provisions.
Those changes will have effects on the economy’s productivity and output, income, and the federal budget, all of which are reflected in CBO’s baseline economic and budget projections.
Presentation by Wendy Edelberg, Associate Director for Economic Analysis at CBO, at the National Bureau of Economic Research. Originally posted to SlideShare on April 13, 2017. CBO reposted this presentation with a corrected value of 0.9 million jobs for the effect of the 2017 tax act on average nonfarm payroll employment during the 2018–2028 period (see slide 13).
Macro Pakistani | BaKhabar Special Episode | Federal Budget 2021-22 Faiz Ahmed
Highlights from the Federal Budget 2021-22 along with comparisons of previous years' budgeted and actual revenue collection/expenditure. Ambitious target setting for revenues continues with fiscal deficits budgeted at 6.3%. Higher GDP growth is expected to bring in higher tax revenues and lower deficit. Expenditure to rise mainly for subsidies, development expenditure and higher transfer to provinces.
OECD webinar: Better design of taxes on personal savings and wealth to suppor...OECDtax
Taxes are among the most effective tools governments have for reducing inequalities and bringing about more inclusive growth. Two new OECD reports released on 12 April 2018 assess how governments are using the taxation of personal savings and wealth and offer recommendations for more effective and more efficient tax policy.
OECD’s head of Tax Policy and Statistics David Bradbury, Senior Tax Economist Alastair Thomas and Tax Economist Sarah Perret presented the findings and answered questions.
CBO’s analyses of the distribution of household income and federal taxes are based on administrative tax data from the Internal Revenue Service’s Statistics of Income (SOI) and on household survey data from the Census Bureau’s Current Population Survey (CPS). Those two data sources contain complementary information. The SOI data contain detailed income information for those who file taxes each year but lack information for those who do not file taxes; the data also lack information about nontaxable sources of income. The CPS data contain information about a wide range of nontaxable sources of income for all U.S. households, regardless of whether they file tax returns in a given year.
By statistically combining the information from those two sources, CBO creates a comprehensive database of income sources for all U.S. households to serve as the foundation for its distributional analyses. This presentation provides an overview of the algorithm that CBO uses to statistically match the SOI and CPS data, and it provides some summary statistics on the characteristics of nonfiling tax units.
Presentation by Kevin Perese, an analyst in CBO's Tax Analysis Division, at a Washington Center for Equitable Growth workshop on distributional national accounts.
Economic Analysis and Impact Assessment - Pillar 1 and Pillar 2 Proposals (Fe...OECDtax
As part of the work by the OECD/G20 Inclusive Framework on BEPS relating to the tax challenges arising from the digitalisation of the economy, the OECD has been carrying out an economic analysis and impact assessment of the Pillar 1 and Pillar 2 proposals. We invite you to join a live webcast with experts from the OECD’s Centre for Tax Policy and Administration and Economics Department to learn more about this work, which will include a presentation of preliminary results on the revenue and investment effects of the proposals.
More information: www.oecd.org/tax/beps/webcast-economic-analysis-impact-assessment-february-2020.htm
The Expanding Role and Increasing Responsibility of Public Auditors
Rakesh Verma, Principal Accountant General, India
The trend toward greater involvement and reliance on public auditors in public financial management will be a focus of this session.
Shortcomings Of Government Financial Management A Generational Accounting Cri...icgfmconference
This paper examines the inter-generational financial dimensions and accounting implications of under-funding practices in the public sector. We explain why inter-generational financial disclosure has become such an urgent issue internationally, and discuss a generational accounting framework for calculating the necessary financial information to reveal the inequities and resource allocation problems afflicting public sector organizations. The main limitations, assumptions and applications of a generational approach to analyse the financial sustainability of public sector enterprises are briefly discussed.
Picking up from the previous budget, Budget 2013/14 will play a big role in laying a firm foundation to usher in the devolved system of government. The environment for budget formulation and prudent financial management at the national and county government level is now set, given the passing of requisite legislation, including the Public Finance Management Act, 2012 and the launch of the second strategy for Public Finance Management Reforms in early 2013. Given this state of play one can interrogate the budget process using the PFM, Act 2012 as a benchmark. The three arms of government managed to submit their expenditure estimates to the National Assembly by 30th April. Equally commendable is the fact that for the very first time, the National Government adopted Programme based budgeting (PBB) to present its expenditure estimates in line with PFM reforms.
Evaluation and Analysis of the City of Weslaco's Municipal Budget, 2014-2015
Graduate Research for Public Budgeting and Finance: Master of Public Affairs-Administration, The University of Texas Rio Grande Valley (UTRGV)
Rev. 1.0
Jamaica budget review by uhy dawgen march 15Dawgen Global
Minister of Finance and Planning, Peter Phillips outlined the fiscal programme for 2015/2016 which he stated is consistent with the two overarching objectives of the Economic Reform Programme efforts to achieve debt reduction and structural reforms for sustained economic growth.
According to the minister, the maintenance of the primary surplus of 7.5 per cent of GDP remains the key operational instrument for achieving these objectives.
Speech by Avdullah Hoti, Minister of finance, Kosovo, made at the regional conference on Public Administration Reform Challenges in Western Balkan Countries held at the OECD in Paris, 4 December 2015.
Similar to Day2 sp4 pres-washington_elettore_en (20)
This session provides a comprehensive overview of the latest updates to the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (commonly known as the Uniform Guidance) outlined in the 2 CFR 200.
With a focus on the 2024 revisions issued by the Office of Management and Budget (OMB), participants will gain insight into the key changes affecting federal grant recipients. The session will delve into critical regulatory updates, providing attendees with the knowledge and tools necessary to navigate and comply with the evolving landscape of federal grant management.
Learning Objectives:
- Understand the rationale behind the 2024 updates to the Uniform Guidance outlined in 2 CFR 200, and their implications for federal grant recipients.
- Identify the key changes and revisions introduced by the Office of Management and Budget (OMB) in the 2024 edition of 2 CFR 200.
- Gain proficiency in applying the updated regulations to ensure compliance with federal grant requirements and avoid potential audit findings.
- Develop strategies for effectively implementing the new guidelines within the grant management processes of their respective organizations, fostering efficiency and accountability in federal grant administration.
Russian anarchist and anti-war movement in the third year of full-scale warAntti Rautiainen
Anarchist group ANA Regensburg hosted my online-presentation on 16th of May 2024, in which I discussed tactics of anti-war activism in Russia, and reasons why the anti-war movement has not been able to make an impact to change the course of events yet. Cases of anarchists repressed for anti-war activities are presented, as well as strategies of support for political prisoners, and modest successes in supporting their struggles.
Thumbnail picture is by MediaZona, you may read their report on anti-war arson attacks in Russia here: https://en.zona.media/article/2022/10/13/burn-map
Links:
Autonomous Action
http://Avtonom.org
Anarchist Black Cross Moscow
http://Avtonom.org/abc
Solidarity Zone
https://t.me/solidarity_zone
Memorial
https://memopzk.org/, https://t.me/pzk_memorial
OVD-Info
https://en.ovdinfo.org/antiwar-ovd-info-guide
RosUznik
https://rosuznik.org/
Uznik Online
http://uznikonline.tilda.ws/
Russian Reader
https://therussianreader.com/
ABC Irkutsk
https://abc38.noblogs.org/
Send mail to prisoners from abroad:
http://Prisonmail.online
YouTube: https://youtu.be/c5nSOdU48O8
Spotify: https://podcasters.spotify.com/pod/show/libertarianlifecoach/episodes/Russian-anarchist-and-anti-war-movement-in-the-third-year-of-full-scale-war-e2k8ai4
Presentation by Jared Jageler, David Adler, Noelia Duchovny, and Evan Herrnstadt, analysts in CBO’s Microeconomic Studies and Health Analysis Divisions, at the Association of Environmental and Resource Economists Summer Conference.
Understanding the Challenges of Street ChildrenSERUDS INDIA
By raising awareness, providing support, advocating for change, and offering assistance to children in need, individuals can play a crucial role in improving the lives of street children and helping them realize their full potential
Donate Us
https://serudsindia.org/how-individuals-can-support-street-children-in-india/
#donatefororphan, #donateforhomelesschildren, #childeducation, #ngochildeducation, #donateforeducation, #donationforchildeducation, #sponsorforpoorchild, #sponsororphanage #sponsororphanchild, #donation, #education, #charity, #educationforchild, #seruds, #kurnool, #joyhome
A process server is a authorized person for delivering legal documents, such as summons, complaints, subpoenas, and other court papers, to peoples involved in legal proceedings.
What is the point of small housing associations.pptxPaul Smith
Given the small scale of housing associations and their relative high cost per home what is the point of them and how do we justify their continued existance
ZGB - The Role of Generative AI in Government transformation.pdfSaeed Al Dhaheri
This keynote was presented during the the 7th edition of the UAE Hackathon 2024. It highlights the role of AI and Generative AI in addressing government transformation to achieve zero government bureaucracy
1. 7- 9 December 2015
Washington, DC, USA
ICGFM winter training Conference
Finance Minister
CPA Ángel Mario Elettore
Transparency Policy in the
Public Management
Finance Ministry/ Government of Cordoba Province
2. Number of Inhabitants: 3,657,654
Surface: 165,321 km²
Density: 21,58 Inhabitants per km²
GGP: U$S 30,564 million¹
GGP per capita: U$S 8,567
Budget: U$S 7,807 million¹
Cordoba Province in Figures
Human capital education: high
literacy rates(98.5%) and a high
level in university education.
(1) Source: Nominal GGP l 2014 published by the Directorate of Statistics and Census for Cordoba Province and
average exchange rate in 2014.
Córdoba represents
8.1% of the whole
exports in the country.
4. Source: Investment/Savings Account, accrued financing each year 2003-2014 and over 2015 2nd quarter.
Surplus economic
outcomes helped
balance accounts
without
implementing
adjustments
Fiscal Solvency in Figures
35
438 597 769 873 336 449
2.118
1,221
1,959
3,881
4,784
3,126
0
2,000
4,000
6,000 2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015(II)
Current Savings
in AR$ million
14
250 220 239 167 23 -389
1,010
61
1,195
1,846
1,293
366
-1,000
-500
0
500
1,000
1,500
2,000
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015(II)
Financial Outcome
in AR$ million
5. Provincial tax
resources increased
their participation by
+5%
Source: Investment/Savings Account, accrued financing each year 2003-2014 and over 2015 2nd quarter.
Tax management for a fiscal solvency
34% 33% 34% 33% 33%
38% 38% 38% 37%
40% 41% 39%
30%
35%
40%
45%
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015(II)
Provincial taxes within the total tax
revenue
66% 67% 66% 67% 67%
62% 62% 62% 63%
60% 59% 61%
50%
55%
60%
65%
70%
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015(II)
National Taxes within the total tax revenue
6. Source: Investment/Savings Account, accrued financing each year 2003-2014 and over 2015 2nd quarter.
Spending Management for Fiscal Solvency
3,286 4,923
9,055
13,904
24,203
31,889
44,583
27,766
0
8,000
16,000
24,000
32,000
40,000
48,000
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015(II)
Ongoing Costs
(in AR$ million)
138 254
480 630 856 743
1,235
1,937
2,054
1,579
2,987
4,950
3,535
0
1,000
2,000
3,000
4,000
5,000
6,000
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015(II)
Capital Expenditure
(in AR$ million)Continuity
of the policy
for public
investment
7. ONGOING DEBT RELIEF IN THE PROVINCE
Debt Stock
(1) Source: Annex II to LRF as of June 2015. Average exchange rate for reference as of 2nd quarter 2015 based on
Communication “A” 3500 of the Argentine Central Bank.
The debt stock as of 2nd quarter 2015 amounts to USD 1,696
million(1)
Debt Stock as a percentage of Total
Revenues
Debt Stock as a percentage of the
provincial GGP
8. Sustainable Borrowing
(1) Law 25.917 for Fiscal Responsibility . * Current revenues net of revenue sharing with municipalities of the Non
Financial Public Administration .
The model for
Fiscal Solvency
has helped
keep a level of
sustainable
borrowing
Debt services should not be over 15% of current revenues
net of revenue sharing with municipalities, pursuant with the
Law for Fiscal Responsibility.
5.5%
4,1%
4.0% 3.4%
10.4%
1.4% 1.3% 1.0%
15%
2013* 2014* 2015 2016 2017 2018 2019 2020
Relación Servicios Proyectados
vs. Ingresos Proyectados
Relación Deuda/Ingresos Corrientes netos de Coparticipación a Municipios
Projected Services vs. Projected
Revenues Ratio
Relation between Debt/Current Revenues net of Sharing with Municipalities
9. International Financial Crisis
Political structures need
to provide answers
Actions aimed at creating
a more open and efficient
Government, with the use
of technology
Goal: Recover Trust
10. IDB, Policy for Access to Public
Information (2010)
IMF, Manual for Fiscal
Transparency and Good
Practices Code (2001, last
update 2007)
Good PracticesChallenge: Generate
Credibility & Trust
Good Practices: a more open Government
Commitment
towards
Transparency
Open Government
11. Transparency as backbone
Transparency as
management
approach
Granted
Recognition
Consolidated
through…
New
Technologies
Legal
Reforms
Quality
management
12. Regulatory Compendium for Finance
Administration Issues
Regulatory Compendium for Tax,
Cadastral and Registry Issues
Provincial Tax Code – Reorganization
and Regulation
Legal Reform
Regime for Fiscal Responsibility
(joined in 2004)
Law for Financial Administration
(passed in 2003)
Works aimed at organizing and reinforcing the regulatory
framework
13. Commitment to observe clear rules for fiscal behavior and to
increase transparency in the public management
Law No.9086 aims at guaranteeing the application of those
principles of transparency, finance regularity, legality, cost-
effectiveness, efficiency and effectiveness, as well as
implementing modern accounting practices.
Joining Regime for Fiscal Responsibility
(2004)
Passing of the Law for Financial
Administration (2003)
Legal Reform (Cont…)
14. Implied cutting down issued resolutions.
Allowed showing all rules related to tax,
cadastral and registry issues in a thorough,
systematic and functional way .
Compendio Normativo en materia Tributaria, Catastral y Registral
Regulatory Compendium on Tax,
Cadastral and Registry Issues
Legal Reform (Cont…)
15. Implied the review and improvement of external
processes, as well as incorporating internal
procedures in all directorates reporting to the
Secretariat for Finance Administration.
Regulatory Compendium for Financial
Administration Issues
Legal Reform (Cont…)
16. Implied compiling, consolidating, reviewing,
and analyzing provincials decrees while
selecting those with tax contents, passed
since 1952.
Provincial Tax Code
Reorganization and Regulation
Legal Reform (Cont…)
17. Resolution 364/09 - Transparency
Adoption of international
standards for good practices
and disclosure of reliable
information
Resolution
364/09
All agencies were tasked with
improving transparency levels in
published information
The FINANCE MINISTRY granted legal
formality to transparency policies
18. •Directorate General for Revenues: the
first to be awarded quality
certifications. They currently have 5
Certified Macro processes
•Provincial General Registry: 5 Quality
Certifications in HQs and Rio Cuarto.
•Secretariat for Financial Administration:
in 2014 all subsystems used by the
Secretariat got Quality Certification.
Córdoba is a pioneering province in
reaching such an assurance.
Quality Certifications
21. A key tool for Public
Management
Information on Revenues,
Spending, Debt and
Budget
Friendly and summarized
presentation of general
contents of the Provincial
Budget
Created in 2013.
Shows data from 2013, 2014
& 2015
Transparency: Citizen Budget
Encourages and fosters the
participation of citizens in all
issues related to the public
management
22. 2014 2014
Transparency: Audit Works
2012 & 2014
Public Debt
Audit
Córdoba
Bursátil
Trust
Floating Debt
Each audit work was conducted as
at 30 September 2014
In line with the transparency policy the Finance Ministry has
worked to issue an independent professional report on the
present situation of the following processes:
23. 1° Budgetary Transparency Rate
Córdoba
leads
1° in Compliance with the Law for Fiscal
Responsibility
Córdoba
leads
1° Fiscal Visibility Ranking
1°ISAGOL Ranking, e- government -
Córdoba
Leads
Transparency Awards
24. Participation of the Finance Ministry in the “G4 Pioneers
Program”
Moreover: GRI Report
In 2015 Cordoba published the THIRD
SUSTAINABILITY REPORT report for 2013-2014.
It provides information on day-to-day
performance, focusing not only on
economic impacts, but also on social
and environmental ones
25. Paper Energy
Recycling
•Acquisition of multifunction
photocopiers that help digitalizing
documents
•Newspapers and publications are no
longer purchased
•The consumption of paper reams has
dropped by 55% since 2010
• The use of ink for printers was cut
down by 20% last year
•Continuity of the policy to extend
the use of compressed gas in vehicles
•Restructuring and modernization
works in electrical systems
• As a result, energy consumption
dropped by 11% last year.
•Unused IT equipment, furniture and office elements belonging to the
institutions were donated to different organization. Over the last two years 200
pieces of furniture were donated
Environmental Management