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Public Financial Management Systems - Fiji: Key Elements from a Financial Management Perspective

Publication | August 2017
Public Financial Management Systems -  Fiji: Key Elements from a Financial Management Perspective

High-quality financial management assessments support projects by identifying key risks and enabling the implementation of appropriate actions and reforms.

Fiji’s financial reforms were disrupted by the coup of 2000. Since then, Fiji has initiated more targeted reforms. This report, for which work commenced in January 2016, documents the country’s financial management systems covering budgeting, funds flow, accounting and reporting, and auditing systems. It provides insights into Fiji’s internal control systems, staffing resource capacity, and information technology structure. The intent is to give project teams and consultants a better understanding of the country’s financial management systems in order to improve project preparation. Find out how high-quality financial management assessments support projects by identifying key risks and enabling the implementation of appropriate actions and reforms to mitigate those risks.

Contents 

  • Legal Framework
  • Key Players
  • Budgeting
  • Onlending Arrangements
  • Foreign Exchange and Interest Rate Risks
  • Funds Flow Arrangements
  • Accounting and Reporting
  • Auditing Arrangements
  • Reporting and Monitoring
  • Summary of Risks and Issues, and Proposed Mitigating Actions and Improvements