RECENT TRENDS AND CHALLENGES OF LOCAL FINANCE MANAGEMENT

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Presentation transcript:

RECENT TRENDS AND CHALLENGES OF LOCAL FINANCE MANAGEMENT COUNTRY : INDONESIA, 2015 Dr Marcelino Pandin Revenue side Expenditure side Other issues of LFM (Local assets, external sources, measuring performance and other issues)

REVENUE SIDE Improve revenue forecasting capability and innovative revenue enhancement Better collection of land and building taxes (PBB P2 urban and rural) and stamp duty Preparation to manage 2nd round devolved land and building taxes: mining, plantation, and forestry (PBB P3) Significant increase in bottom-up earmarked special transfer Combine formula-based and performance-based transfer Improve access to external sources for infrastructure development: Land-based financing (new asset management) Pool funds (MIDF) Municipal bonds

EXPENDITURE SIDE Plenty of OFI on CIP and Medium term Plan Idle and undisbursed earmarked funds (only 22% LGUs performed well) 26% of total budget for capital spending but not for productive infrastructure 47% of total budget for remuneration expenses (benchmarked at avrg 27%) Clarify revenue mobilization strategies (local parliament) Expenditure increase for basic health services and education poor procurement practices needing new benchmark for performance (performance audit)

OTHER TRENDS & CHALLENGES a new governance and fiscal arrangement: - strengthen the coordinative and monev role of provincial goverment - empower villages (fiscal transfer and local economic devt-BUM Desa) Public finance management (PFM) will be fully applied incld PERA Ensure LG fiscal sustainability (lessen dependence on general purpose transfers) Avoid counterproductive revenue enhancement initiatives (manufacturing sector and supply chains suffers) Transparency shall be improved (improve quality of bottom up voice/musrenbang) Leverage new accrual based accounting system (e.g. land based financing ) Improve capacity for strategic planning and effective implementation Improve creditworthiness to access external source of funds (reliable data) Optimise local assets (better enabling environment for PPP) Need benchmark for performance audit Link budget to public service and local economic growth (output based transfer) or municipal contract

Thank you