What Causes Ministers of Finance to Get Fired?

Addressing the Causes and Failure for Financial Transformation while Achieving Business Alignment

The financial transformation journey is often addressed through trying to avoid the pitfalls associated with the causes of failure while leveraging the critical success factors. At best, Chief Financial Officers adopting this approach are likely to improve the degree of customer service experienced by Finance department. This is unlikely to lead to sustainable financial transformation being ach...

Coverage of Ministers Under Old-Age, Survivors, and Disability Insurance

THE 1954 amendments to the Social Security Act, which first extended the coverage of the oldage, survivors, and disability insurance program to ministers, made coverage available to them on an individual voluntary basis. Since clergymen are the only group whose coverage is on this basis, information about their participa,tion in the program is of special interest. The experience provides a uniq...

Water Resources , Growth and Development A Working Paper for Discussion Prepared by The World Bank for the Panel of Finance Ministers

1 Public Expenditure and Financial Management Systems – Design and Implementation

The subject is about the considerable gains possible through modern management approaches to public finance. Whilst the value-for-money consideration lies at the base of any such approach, the derived fiscal and macro-economic effects can be hugely significant. Yet all too often an appreciation of these potential benefits seems absent from the thinking of Finance Ministers and senior finance of...

Structural reforms, public investment and the fiscal stance: A prudent approach

The standard theory of tax smoothing says that the government runs a deficit to finance investment projects with a market rate of return and temporary high levels of public consumption. Taxes are used to finance permanent spending and losses on public investment. Deficit financing is used to offset some of the short-run costs of structural reforms. A prudent government deliberately downplays ex...