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    Fiscal Governance and Sustainable Development For Samoa

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    ADBI Events
    This presentation was given at the policy dialogue on Efficient Fiscal Governance for Sustainable Growth in Asia held in Bangkok, Thailand on 24-25 April 2019. Read more about the event: https://bit.ly/308hnTr

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    Fiscal Governance and Sustainable Development For Samoa

    Uploaded by

    ADBI Events
    95 views12 pages
    This presentation was given at the policy dialogue on Efficient Fiscal Governance for Sustainable Growth in Asia held in Bangkok, Thailand on 24-25 April 2019. Read more about the event: https://bit.ly/308hnTr

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    Fiscal Governance and Sustainable Development for Samoa

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    This presentation was given at the policy dialogue on Efficient Fiscal Governance for Sustainable Growth in Asia held in Bangkok, Thailand on 24-25 April 2019. Read more about the event: https://bit.ly/308hnTr

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    95 views12 pages

    Fiscal Governance and Sustainable Development For Samoa

    Uploaded by

    ADBI Events
    This presentation was given at the policy dialogue on Efficient Fiscal Governance for Sustainable Growth in Asia held in Bangkok, Thailand on 24-25 April 2019. Read more about the event: https://bit.ly/308hnTr

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 12

    The views expressed in this presentation are the views of the author and do not necessarily reflect the

    views or
    policies of the Asian Development Bank Institute (ADBI), the Asian Development Bank (ADB), its Board of
    Directors, or the governments they represent. ADBI does not guarantee the accuracy of the data included in this
    paper and accepts no responsibility for any consequences of their use. Terminology used may not necessarily be
    consistent with ADB official terms.

    FISCAL GOVERNANCE AND


    SUSTAINABLE
    DEVELOPMENT FOR SAMOA
    CONTENTS
     UNIT 1: INTRODUCTION

     UNIT 2: UNDERSTANDING FISCAL GOVERNANCE &


    SUSTAINABLE DEVELOPMENT GOALS

     UNIT 3: INTERGRATION OF SDGs INTO NATIONAL


    BUDGET

     UNIT 4: ENGAGING WITH PRIVATE SECTOR


    UNIT 1: INTRODUCTION
    Objectives
     Define and understand the purpose of Fiscal
    Governance and Sustainable Development
     Identify the involvement of SDGs in National
    Budget
     Understand the Role of Private Sector in
    Government Budgeting
    UNIT 2: UNDERSTANDING FISCAL GOVERNANCE
    & SUSTAINABLE DEVELOPMENT
    GOALS

     The Sustainable Development Goals are


    integrated into the Strategy for the Development
    of Samoa (SDS) and trickle down to the Sector
    Plans which the Budgetary disbursement is
    based on – SDGs are therefore mainstreamed
    into Samoa’s Fiscal Strategy;
    UNIT 3: INTERGRATION OF SDS AND
    SDGS INTO NATIONAL BUDGET
     The involvement of Sectors through the use of
    Sector Plans and Sector Development Goals
    mechanism has proven effective throughout the
    years in the Budgetary Process of Government
    through the MTEF.
     MTEF stood not only as a budgeting tool but also
    a planning tool to match what is to be delivered
    with available resources and capacity.
    EXAMPLE OF SDS HIERARCHY
    The SDS (Samoa’s Development Strategy)

    Priority Area 1: Economic

    Key Outcome 1: Macroeconomic Resilience Increased & Sustained

    Assigned Arms of Government/ Implementing Agencies : Finance Sector

    Main Focus: To meet all 4 strategic Outcomes to achieve the key Outcome
    EXAMPLE CONTINUED:

    The 4 Strategic Outcomes


    Fiscal
    sustainability: -
    Public Finance External position
    Accommodative
    Management enhanced: - Public
    Monetary Policy
    strengthened to Debt level not to
    established: - Real GDP growth
    ensure total current exceed the current
    Underlying inflation will average 3.0 –
    expenditures are level of 55% of GDP;
    will be less than 4.0%.
    fully funded from - Import cover
    4.0% average per
    ordinary revenue, maintained at 4.0 to
    annum;
    with fiscal deficit to 6.0 months;
    be no more than
    2.0% of GDP;
    EXAMPLE CONTINUED:

    4 strategic
    Outcomes

    SDS to Performance
    Indicators

    Budget Distribution
    based on the
    Performance
    Indicators
    UNIT 4: ENGAGING WITH PRIVATE
    SECTORS
     As Private Sector is the engine of Growth, the Government of
    Samoa works hand in hand with the Sector through Sector Plans
    & Budget.
     Every budget preparation of the upcoming financial years, the
    government through the Ministry of Finance consults the Private
    Sector Committee (Board) to discuss matters that will not only
    boost development areas of the government but also to capture an
    outside government view of the initiatives & policies.
     The Private Sector plays a significant role in the economy of
    Samoa for they are not only the Productivity Arm of Government
    but also they led the Economic Growth & Employment Creation.
    ENGAGING WITH PRIVATE SECTORS CONT:
    1) Accommodating fiscal &
    2) Efficient & effective
    monetary policies aimed at
    provision of infrastructure &
    ensuring Macro-economic
    utilities services
    Stability
    The 4 major
    environment for
    Private Sector
    Development involves;

    3) Efficient & effective public 4) Continued trade


    administration liberalisation
    ANSWERS TO THE OBJECTIVES

    Answer to Objective 1
    Answer to Objective 2
    Answer to Objective 3
    Questions??

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