World BankInter-American Development Bank2012-03-192012-03-192009-06-30https://hdl.handle.net/10986/3190This Public Financial Management Performance Report (PFMPR) analyzes the performance of Colombia's public financial management (PFM) institutions, systems and processes. It documents areas where performance is close to or follows international good practice, as well as opportunities to further enhance PFM contribution to the goals of strengthening fiscal discipline, enabling more efficient allocation of resources, increasing operational efficiency, and fostering transparency. It is expected that the identified opportunities will strengthen further the Government of Colombia's programs of continuous PFM improvement, as provided for under the National Development Plan pillar regarding a state at the service of its citizens: efficient and effective Government. The main challenges cited in the report could also be an important reference to future development plans and PFM reforms. Ensuring the sustainability and trajectory of PFM programs becomes even more critical in the context of public expenditure policies to deal with the current international economic crisis. The study is based on the 28 high-level indicators and 69 individual dimensions that compose the PFM performance measurement framework. Each indicator seeks to measure performance of a key PFM element against a scale from A to D. The highest score is warranted for an individual indicator if the core PFM element meets the relevant objective in a complete, orderly, accurate, timely and coordinated way, based on existing good international practices.CC BY 3.0 IGOACCESS TO INFORMATIONACCOUNTINGACCOUNTS PAYABLEACCRUAL ACCOUNTINGACTION PLANACTION PLANSADMINISTRATIVE BODYADVERTISINGALTERNATIVE DISPUTE RESOLUTIONANNUAL BUDGET LAWARBITRATIONARREARSAUDIT FUNCTIONAUDIT OFFICEAWARD OF CONTRACTSBALANCE SHEETBANK ACCOUNTBANKING SECTORBENEFICIARIESBIDBIDDERBIDDERSBIDDING DOCUMENTSBIDSBUSINESSESCASH BALANCESCASH FLOWCASH FLOWSCERTIFICATIONCHECKSCOLLECTION EFFORTSCOMPETITIVE PROCUREMENTCOMPETITIVENESSCONCESSIONSCONDITIONS OF CONTRACTCONFLICT OF INTERESTCONFLICTS OF INTERESTCONTRACT ADMINISTRATIONCONTRACT AWARDCONTRACT AWARD INFORMATIONCONTRACT AWARDSCONTRACT EXECUTIONCONTRACT MANAGEMENTCONTRACTORSCONTRACTUAL DISPUTESCONTROL FRAMEWORKCONTROL MECHANISMSCONTROL SYSTEMCONTROL SYSTEMSCORRECTIVE ACTIONSCORRUPT PRACTICESCORRUPTIONCURRENCYCURRENT LAWDATA INTEGRITYDATA MININGDATA PROCESSINGDEBT CONTROLSDEBT DATADEPOSITDEVELOPMENT BANKDISPUTE RESOLUTIONDIVORCEDOMAINECONOMIC DEVELOPMENTEVALUATION CRITERIAEVALUATION METHODSEVALUATION SYSTEMEVALUATION SYSTEMSEXISTING LEGAL FRAMEWORKEXPENDITUREEXPENDITURESEXTERNAL AUDITEXTERNAL AUDITINGFINAL SETTLEMENTFINANCESFINANCIAL ASSETSFINANCIAL INFORMATIONFINANCIAL MANAGEMENTFINANCIAL MANAGEMENT SYSTEMFINANCIAL MANAGEMENT SYSTEMSFINANCIAL STATEMENTSFISCAL DISCIPLINEFISCAL POLICIESFISCAL REPORTINGFOREIGN FIRMSFRAUDFUNCTIONALITYGOVERNANCE SYSTEMGOVERNMENT ACCOUNTING STANDARDSGOVERNMENT AUDITINGGOVERNMENT AUDITING STANDARDSGOVERNMENT REVENUESHUMAN RESOURCEINFORMATION SYSTEMINFORMATION SYSTEMSINFORMATION TECHNOLOGYINNOVATIONSINSPECTIONINSTITUTIONINSTITUTIONAL ARCHITECTUREINSTITUTIONAL CAPACITYINSTITUTIONAL DEVELOPMENTINSTITUTIONAL FRAMEWORKINSTRUMENTINTERESTED PARTIESINTERFACESINTERNAL AUDITINTERNAL AUDITSINTERNAL CONTROL SYSTEMSINTERNATIONAL STANDARDSINTERNATIONAL TENDERSINVESTMENT DECISIONSISSUANCELEGAL CAPACITYLEGAL FRAMEWORKLEGAL FRAMEWORKSLEGAL SYSTEMMARKET PRACTICESMATERIALMATURITYMETHOD OF PROCUREMENTMINISTRY OF FINANCENATIONAL BUDGETNATIONAL PROCUREMENTNEW LEGAL FRAMEWORKOPEN COMPETITIONOPEN TENDERINGOPERATIONAL EFFICIENCYPAYMENT SYSTEMPENALTIESPERFORMANCE INDICATORPERFORMANCE INDICATORSPOLICY FORMULATIONPRIVATE SECTORPRIVATE SECTORSPROCEDURAL FRAMEWORKPROCUREMENTPROCUREMENT ACTIONSPROCUREMENT DOCUMENTATIONPROCUREMENT ENTITIESPROCUREMENT FUNCTIONPROCUREMENT METHODPROCUREMENT METHODSPROCUREMENT OFFICERPROCUREMENT OPERATIONPROCUREMENT OPERATIONSPROCUREMENT PERFORMANCEPROCUREMENT PLANNINGPROCUREMENT POLICYPROCUREMENT PRACTICESPROCUREMENT PROCEDURESPROCUREMENT PROCESSPROCUREMENT PROCESSESPROCUREMENT PROTESTSPROCUREMENT REQUIREMENTSPROCUREMENT SPECIALISTSPROCUREMENT SYSTEMPROCUREMENT SYSTEMSPROCUREMENT TRAININGPROCUREMENT TRANSACTIONSPROCUREMENT VOLUMEPRODUCTIVITYPUBLICPUBLIC BUDGETINGPUBLIC DEBTPUBLIC ENTITIESPUBLIC FUNDSPUBLIC INVESTMENTPUBLIC OFFICIALSPUBLIC PROCUREMENTPUBLIC PROCUREMENT MARKETPUBLIC PROCUREMENT OPERATIONSPUBLIC PROCUREMENT SYSTEMPUBLIC PROCUREMENT SYSTEMSPUBLIC SECTOR BANKQUALITY CONTROLQUALITY STANDARDSRECEIVABLESRECURRENT COSTREGISTRYREGULATORY FRAMEWORKRELIABILITYREQUESTS FOR PROPOSALSRESULTRESULTSREVERSE AUCTIONSRISK ASSESSMENTSRISK AVERSIONRISK MANAGEMENTSERVICE PROVIDERSERVICE PROVIDERSSETTLEMENTSTANDARD DOCUMENTSSTANDARDIZATIONSUPPLIERSTARGETSTAXTAX ARREARSTAX COLLECTIONTAX REVENUETECHNICAL SPECIFICATIONSTENDER DOCUMENTSTENDERSTRANSACTIONTRANSACTION COSTSTRANSPARENCYTREASURYTRUST FUNDSUSERUSERSUSESVERIFICATIONWORKING CAPITALWorld Bank10.1596/3190