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Asian Regional Seminar on Public Financial Management
PFM Reforms: The lessons learnt -promises and tears
The Platform Approach Sok Saravuth, Ministry of Economy and Finance, Cambodia
Phnom Penh, 25 November 2014
Outline
• What Is Platform Approach?
• Why Platform Approach? The Case of Cambodia.
• Issues for Discussion.
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What Is Platform Approach?
• Assessing the whole system and developing a comprehensive reform program.
• Improving in all key areas of the system in a step by step approach.
• Other approaches: Piece meal and Comprehensive.
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Why Platform Approach? The Case of Cambodia
• Struggling with unclear direction with the piece meal approach. • Cash shortage was the tangible major problem of the system: (Budget
Credibility – Financial Accountability – Budget Policy Linkages – Performance Accountability).
• Was evolved/found during the formulation of the reform program. • Proved to be very effective for PFMRP in Cambodia • Government commitment with strong leadership and management of MEF
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• Stage3: CAP3 (2016-2020)
• Stage4: CAP4 (2020-2025)
• Stage2: CAP2 (2009-2015)
• Stage1: CAP1 (2005-2008)
Platform 1: Budget Credibility
Platform 2: Financial Accountability
Platform 3: Budget-Policy
Linkages
Platform 4: Performance Accountability
Cambodia’s 4 Platforms 4 Stages Approach
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PEFA Performance Measurement Framework
B. Comprehensiveness and Transparency
(PI: 5-10)
C(4)External scrutiny and
audit (PI: 26-28)
C(1) Policy-based budgeting (PI: 11-12)
C(2)Predictability and control in budget
execution (PI: 13-21)
C(3)Accounting, Recording and
Reporting (PI: 22-25)
C. (1,2,3,4) Budget Cycle
Budget Credibility
(PI: 1-4)
A. PFM Outturns
D. Donor Practices (PI: 1-3)
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Issues for Discussion
• PROS: 1) The whole system is understood, easy to set clear direction and sequencing reform program in a step by step approach within all key areas of the system as a whole, 2) Commitment and ownership are easier to build, 3) Support is easier to gather.
• CONS: 1) Too much work at the same time, 2) Difficulty of coordination, 3) Easy to get lost without clear direction, good sequencing, and effective monitoring mechanism.
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k,rbg3mn THANK YOU
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