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FreeBalance Weekly Update – Monday, May 14, 2012

 

May 21, 2012

What’s new at FreeBalance?

This weekly news update provides the Government Resource Planning (GRP) community with a brief overview of recent FreeBalance developments and relevant industry news.

FreeBalance to Present: “What can we learn from developing nations on sustainability?” at upcoming FMI Public Sector Management Workshop

Sustainability is a mandate for many government organizations in developing countries. In developing countries, sustainability is a daily necessity. What can we learn from public financial management and information technology sustainability practices from these countries? On Monday May 28, FreeBalance will share lessons learned in financial and environment sustainable government financial management systems. The Financial Management Institute of Canada (FMI) Public Sector Management Workshop will take place on May 27-29, 2012 in Fredericton, New Brunswick. The theme for this year’s Public Sector Management Workshop is “Sustainability in the Public Sector – Securing the Future.”
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Rethinking the Business Case for ERP in Government

Doug Hadden, Vice President of Products, explains his view on using ERP in Government: “I’m fundamentally against the notion of using ERP for public financial management. Nevertheless, I made a stab at explaining the argument for ERP in government Evidence continues to mount about high costs and high failure rates for ERP in government. The business case for ERP in government remains weak.”
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Fiscal Consolidation: Striking the Right Balance

The debate on austerity vs. growth has gained in intensity, as countries in Europe and elsewhere struggle with low growth, high debt, and rising unemployment. In essence, policymakers are being asked to tackle a continuation of the worst crisis since the Great Depression. This would be no easy task under any circumstances. But it is made considerably harder by the fact that a number of countries need to engage in fiscal consolidation simultaneously.
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Budgetary Reforms in South Asia

Afghanistan: As a result of the Making Budget Work (MBW) and Making Budget and Air Work (MBAW) projects, budgets are now prepared on time and increasingly reflect the priorities of the Afghan National Development Strategy (ANDS) and the provincial needs. Bangladesh: Following the new legislation “Public Moneys and Budget Management Act, 2009″, the budget is now presented on time (before March) to the legislature. India: The system of having the Parliamentary Standing Committees examining the Demands submitted by the line ministries has become an integral part of the scrutiny of the budget demands by the legislature.
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Asia continues to perform strongly in WEF ICT rankings

Sweden is placed first in the world in the “Networked Readiness Index” ranking, according to the 11th edition of “The Global Information Technology Report”, entitled “Living in a HyperconnectedWorld”. Singapore follows closely by taking the second place. Taiwan, Korea, Hong Kong and New Zealand are placed 11th to 14th in the overall rankings in the report which was released in Singapore on 5th of April.
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