Expenditure Management System Flashcards
What is EMS? (Expenditure Management System)
- Budgeting and reporting cycle for the federal government 2. The framework used by the federal government for developing and implementing its spending plans and priorities within the established budget limits.
2) exam Q the four main objectives of the system - Expenditure Management System
1) overall fiscal control 2) efficient allocation of resources 3) operational efficiencies 4) parliamentary control
The main inputs and key players of overall fiscal control
Inputs - fiscal strategy - spending and revenue forecast - budget preparation Key players are the Cabinet and Department of Finance
The main inputs for “Efficient allocation of resources”
Inputs 1. Priority setting 2. Policy development 3. New spending approvals 4. Production of Estimates ( 예산)
key players for “The efficient allocation of resources”
Cabinets (내각 정부), Privy Council Office (추밀원), Department of Finance, Treasury Board ( 국가 재정 위원회) and it’s Secretariat, various other departments
The main inputs and Key players of “Operational efficiency”
- Operational planning 2. Financial management and controls 3. Performance monitoring and measurement Key players The Treasury board and its Secretariat, and various other departments
Main inputs and key players for “ Parliamentary control”
- Examination and approval of the Estimates 2. Review of Public Accounts and program performance Key players The House of Commons( 하원) , Parliamentary committees, and the Auditor General
The key departments involved in the Budget process
The Treasury Board Secretariat, Department of Finance, the Privy Council Office ( 추밀원)
The main government representatives involved I the budget planning process
The treasury board and Cabinet 내각 (minister of Finance)
What is the role of Parliament in the budgeting and reporting cycle?
It ultimately approves the budget.
Which players are involved in the budget planning and review process? List two major committees of the House of Commons
- The Standing Committee on Government Operations and Estimates 2. The Standing Committees on Finance
Four Special features of Government decisions
- Public goods are difficult to sell and even where sales may be feasible, non revenue concerns may be as important as the cash collected 2. Public and private resource constraints differ significantly. 3. Governments characteristically operate as perfect monopolies 4. Governments operate with mixed motives.
Who develops departmental estimates?
Operational departments in the Expenditure management system
What are the roles of the Receiver General? ( Ministry of Public Works and Government Services)
It collects and disburses funds, maintains the summary accounts, and prepares the Public Accounts.
What are the roles of the Auditor General?
It audits the Public Accounts, among it’s other duties.
What are the roles of the Comptroller General?
It provides functional direction and assurance for financial management. 재정 관리를 위해 기능적 방향 제시, 확인
Roles of the CRA?
It administers tax laws for the government of Canada and for most provinces and territories as well as various social and economic benefit and incentive programs delivered through the tax system.
Where can we find the following documents: Estimates, other supporting documents, reports on plans and priorities and departmental performance reports?
The Treasury Board of Canada Secretariat website
Where can we find Budgets and fiscal updates?
On the Department of Finance Canada
Roles of Parliament
Parliament has final spending and revenue authority. 국회는 지출과 소득에 관한 마지막 결정을 내릴 권리가 있음
The Auditor General reports to which entity and address what kinds of main questions?
The Auditor General reports to the Parliament. It addresses the following questions as below: 1) is the government keeping proper accounts and records and presenting its financial information accurately? 2) did the government spend the authorized amount of money and for the purpose intended by Parliament? 3) We’re the programs run economically and efficiently? Does the government have the means to measure their effectiveness? 4) Has money been expended without due regard to the environmental effects of those expenditures in the context of sustainable development?
What does the Standing Committee on Government Operations and Estimates (OGGO) in the House of Commons (Parliamentary) Standing Committees study ?
The OGGO studies 1. The effectiveness of government operations 2. Expenditure budgets of central departments and agencies 3. Format and content of all Estimates documents 4. Cross- departmental mandates- programs delivered by more than one department or agency 5. New information and communication technologies adopted by the government 6. Statutory programs, tax expenditures, loan guarantees, contingency funds, private foundations deriving the majority of their funding from the Government of Canada
List the work of FINA (Standing Committee on Finance)?
FINA is empowered to study and report on all matters relating to the mandate, management, and operation of the Department of Finance and the Canada Revenue Agency. In each parliamentary session, FINA’s work may include 1. Pre- budget consultation 2. Briefing sessions by departmental officials on federal government programs 3. Examination of planned expenditures of the Department of Finance and CRA 4. A review of Order- in- Council appointments 5. A review of Monetary policy reports of the Governor of the Bank of Canada 6. A review of the Minister of Finance’s Economic and Fiscal Update 7. Consideration of proposed legislation 8. Special studies of issues within the Committees’s mandate 9. Consideration of reports of subcommittees.
The roles of Cabinet
Cabinet reviews budget strategies, policy priorities, and fiscal targets based on various reallocation and expenditure reductions options that Cabinet policy committees, the Minister of Finance and the President of the Treasury Board have provided. 내각은 예산에 관련된 정책과 우선 순위를 두어야 할 정책, 달성하고자 하는 정부의 국고 금액에 관하여 검토한다. 그 검토하는 데에 함께 고려해야 할 사항은 각종 재 분배 정책과 비용 감축 정책에 관하여 내각 정책 위원회와 재무부 그리고 treasury board가 제공한 의견에 입각하여 고려한다.
Three roles of Cabinet policy committees
Cabinet policy committees (내각 정책 위원회) 1. Formulate strategic sector priorities for input into the budget and expenditure planning processes. ( 예산안과 지출안에 들어갈 우선 순위에 두어야 할 정책을 세운다.) 2. Oversee the design and implementation of new programs announced in the budget ( 예산안에 포함될 새로운 프로그램을 기획하고 추친하는 것을 감독한다.) 3. Take the lead in putting together reallocation packages to fund any significant new initiatives that due to exceptional circumstances, were not identified during the budget planning cycle. (특별한 사정 때문에 예산 기획안에 포함되지 않은 중대하고 새로운 계획을 재정적으로 지원하기 위해서 재분배 정책을 새우는 데에 앞장 선다. )
Roles of the Treasury Board ( 국가 재정 위원회)
The Treasury Board is the government employer. Assisted by its Secretariat, it does the following: 1. Accounts for expenditures,including the preparation, based on cabinet decisions, of the main estimates and their tabling. 2. Advises cabinet in the extent to which departments are using their resources efficiently and effectively. 3. Assists the Cabinet policy committees and departments in developing, analyzing, and costing any reallocation options that we’re not identified during the budget planning process. 4. Reviews departmental business plans 5. Manages the operating reserve 6. Focuses primarily on all expenditures other than statutory payments and public debt charges
Roles of Secretariat
The Treasury Board Secretariat is a Department that assists the Treasury Board in fulfilling its functions.
The role of the Comptroller General 감사 원장
- Provides functional direction and assurance for financial management, internal audit, investment planning, procurement, project management, and the management of real property and material across the federal government. 2. The Office of the Comptroller General supports the Comptroller General Canada by working to ensure sound policies, standards, practices are in place and overseeing performance and compliance across government.
Roles of the Minister of Finance
The Minister of Finance, assisted by the Department of Finance, does the following 1. Sets the fiscal framework 2. Focuses primarily on the economic outlook, macro- economic outlook, macro- economic management, and tax and fiscal policy 3. Ensures that decisions on the macro- allocation of resources are compatible with the government’t economic. And fiscal policies 4. Prepares the budget consultation papers and the budget documents - a process that includes updating the economic outlook and fiscal plan and recommending fiscal targets
Roles of the CRA
The CRA is responsible for the administration of tax programs as well as the delivery of economic and social benefits. It also administers certain. Provincial and territorial tax programs. The CRA also has the authority to enter into new partnership with the provinces, territories, and other government bodies to administer non - harmonized taxes other services at their request and on a cost-recovery basis.
