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IMF - International Monetary Fund (via Public) / Improving Fiscal Transparency in Francophone Africa

Fiscal transparency is always important as an aid to fiscal policy and good budgeting but has becomes critical during the COVID-19 pandemic because of high levels of public spending and debt, to avoid misuse of scarce public funds, and to enhance accountability. The IMF s Fiscal Affairs Department (FAD), in collaboration with the International Budget Partnership (IBP) and with the financial support of the European Union (EU), organized a second edition of the Regional Seminar on Fiscal Transparency in Francophone Africa[5] on November 30 through December 8, 2020. The aim of the seminar was to help these countries strengthen their fiscal transparency practices through peer-to-peer learning and sharing of tools and good practices. It gathered various stakeholders (e.g., ministries of finance, parliamentary finance commissions, supreme audit institutions (SAIs), civil society organizations (CSOs), and donors) from 16 countries,[6] with a special focus on fiscal policy responses to the

Court sentences Kuwaiti and an expat to 10 years jail in public funds fraud - ARAB TIMES

Messenger KUWAIT CITY, Dec 29: The Criminal Court sentenced a supervisor from the Ministry of Awqaf and Islamic Affairs, a Kuwaiti citizen and an expatriate to ten-year imprisonment with hard labor, and obligated them to return KD 207,000 and imposed a fine of twice the amount as well as dismissed the supervisor from work. They are accused of embezzlement of public funds, reports Al- Anba daily. The Public Prosecution accused the supervisor, in his capacity as a public employee, of seizing approximately KD 207,000 through tenders for a company by approving payment invoices for the value of work assigned to the company represented by the citizen despite their knowledge that the work was not fully carried out.

Liberia s CAG Wants Comptrollers Under One Roof

Liberia’s CAG and other senior officials of government including Comptrollers and Accountants at the 2-day workshop on Awareness and Orientation on the newly created CAG Department, held in Buchanan. A two-day workshop to ensure that comptrollers and accountants of government of various line ministries and agencies have adequate understanding about the newly created Comptroller and Accountant General (CAG) Department at the Ministry of Finance and Development Planning (MFDP), and in continuation of the reform exercise, was recently held in the Port City of Buchanan, Grand Bassa County.  The workshop, organized by the CAG Department, was held from December 18-19, 2020, under the theme: “Awareness and Orientation on the newly created Comptroller and Accountant General Department and the ongoing transition process.”

Excise Taxes on Tobacco, Alcohol, Sugar-Sweetened Beverages and Fuel: Lessons from Chile

Amanda Glassman, Executive Vice President and Senior Fellow, Center for Global Development ​​​ Ruud De Mooij, Advisor, Fiscal Affairs Department, International Monetary Fund Roberto Schatan, Senior Economist, Fiscal Affairs Department, International Monetary Fund MODERATOR: ABOUT THE EVENT Excise taxes have traditionally been reliable sources of government revenue, but they are also used as a means of discouraging the consumption of products that harm health or the environment tobacco, alcohol, fuel products and, more recently, sugar-sweetened beverages. How should policymakers determine the level of excises to correctly price harmful products for their economic and social impact? What are the challenges for implementation? And, does the COVID-19 pandemic strengthen or weaken the case for using taxes to promote better health and fill revenue gaps?

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