Fabián David Quirós Alvarez General Sub-Director of the National Budget Ministry of the Treasury Costa Rica December, 2008

3. I. The Budgetary Process in Costa Rica

5. STAGES OF THE BUDGETARY PROCESS FORMULATION CONTROL AND ASSESSMENT EXECUTION APPROVAL

6. II. Primary Innovations and Advances in Financial Management

7. New Methodology for Budget Planning-Assessment

13. NATIONAL SYSTEM OF PUBLIC INVESTMENT (SNIP)

14. NATIONAL SYSTEM OF PUBLIC INVESTMENT (SNIP) “ LA GACETA No. 162 of Friday, August 22, 2008 Nº 34694-PLAN-H DECREE: Regulation for the Constitution and Functioning of the National System of Public Investment Artícle 1— On Location . The National System of Public Investment is part of the National System for Planning and its implementation and operation will be the responsibility of the Ministry of National Planning and Economic Policy, with the objective of achieving optimum utilization of public funds for meeting government objectives, tied to the principles of economy, efficiency, effectiveness, gradualness and quality of the investment. El Sistema … .. Artícle 5— On specific objectives. . The SNIP has the following specific objectives: a) Succeed in assuring that public monies intended for public investment yield the greatest economic-social and environmental benefit to the country. b) Implementation of an integral system of analysis, follow-up, and assessment of public investment, following the life cycle of projects. c) Plan public investment and manage it efficiently. d) Provide sufficient quality information for making decisions about investments. e) Strengthen the ability of the entire public sector in the formulation and planning of public investment, as well as in the socio-economic, environmental, and risk management for disasters, and physical and financial execution of investment projects. f) Facilitate annual and multi-year planning of public investment. g) Mantain an up-to-date inventory of all public investment projects.”

15. MULTI-YEAR BUDGET AND BASE-LINE BUDGET

18. Scenario 1* Multi-annual Budgetary Scenarios, 2009-2012 Millions of colons and percentages

21. Base-Line: It is an automatic pilot that sets the fiscal path

23. III. Overall Vision: The Challenges

24. Countries According to their GpR Development Beliz, Haiti, Paraguay, Surinam Low Argentina, Bolivia, Barbados, Costa Rica , Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Panama, Peru, Dominican Republic, Trinidad and Tobago, Uruguay Medium Brazil, Chile, Colombia, Mexico Advanced Countries Level of Development

25. PRODEV Pentagon for COSTA RICA