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The views expressed in this presentation are the views of the author and do not necessarily reflect the

views or
policies of the Asian Development Bank Institute (ADBI), the Asian Development Bank (ADB), its Board of
Directors, or the governments they represent. ADBI does not guarantee the accuracy of the data included in this
paper and accepts no responsibility for any consequences of their use. Terminology used may not necessarily be
consistent with ADB official terms.

FISCAL GOVERNANCE AND


SUSTAINABLE
DEVELOPMENT FOR SAMOA
CONTENTS
 UNIT 1: INTRODUCTION

 UNIT 2: UNDERSTANDING FISCAL GOVERNANCE &


SUSTAINABLE DEVELOPMENT GOALS

 UNIT 3: INTERGRATION OF SDGs INTO NATIONAL


BUDGET

 UNIT 4: ENGAGING WITH PRIVATE SECTOR


UNIT 1: INTRODUCTION
Objectives
 Define and understand the purpose of Fiscal
Governance and Sustainable Development
 Identify the involvement of SDGs in National
Budget
 Understand the Role of Private Sector in
Government Budgeting
UNIT 2: UNDERSTANDING FISCAL GOVERNANCE
& SUSTAINABLE DEVELOPMENT
GOALS

 The Sustainable Development Goals are


integrated into the Strategy for the Development
of Samoa (SDS) and trickle down to the Sector
Plans which the Budgetary disbursement is
based on – SDGs are therefore mainstreamed
into Samoa’s Fiscal Strategy;
UNIT 3: INTERGRATION OF SDS AND
SDGS INTO NATIONAL BUDGET
 The involvement of Sectors through the use of
Sector Plans and Sector Development Goals
mechanism has proven effective throughout the
years in the Budgetary Process of Government
through the MTEF.
 MTEF stood not only as a budgeting tool but also
a planning tool to match what is to be delivered
with available resources and capacity.
EXAMPLE OF SDS HIERARCHY
The SDS (Samoa’s Development Strategy)

Priority Area 1: Economic

Key Outcome 1: Macroeconomic Resilience Increased & Sustained

Assigned Arms of Government/ Implementing Agencies : Finance Sector

Main Focus: To meet all 4 strategic Outcomes to achieve the key Outcome
EXAMPLE CONTINUED:

The 4 Strategic Outcomes


Fiscal
sustainability: -
Public Finance External position
Accommodative
Management enhanced: - Public
Monetary Policy
strengthened to Debt level not to
established: - Real GDP growth
ensure total current exceed the current
Underlying inflation will average 3.0 –
expenditures are level of 55% of GDP;
will be less than 4.0%.
fully funded from - Import cover
4.0% average per
ordinary revenue, maintained at 4.0 to
annum;
with fiscal deficit to 6.0 months;
be no more than
2.0% of GDP;
EXAMPLE CONTINUED:

4 strategic
Outcomes

SDS to Performance
Indicators

Budget Distribution
based on the
Performance
Indicators
UNIT 4: ENGAGING WITH PRIVATE
SECTORS
 As Private Sector is the engine of Growth, the Government of
Samoa works hand in hand with the Sector through Sector Plans
& Budget.
 Every budget preparation of the upcoming financial years, the
government through the Ministry of Finance consults the Private
Sector Committee (Board) to discuss matters that will not only
boost development areas of the government but also to capture an
outside government view of the initiatives & policies.
 The Private Sector plays a significant role in the economy of
Samoa for they are not only the Productivity Arm of Government
but also they led the Economic Growth & Employment Creation.
ENGAGING WITH PRIVATE SECTORS CONT:
1) Accommodating fiscal &
2) Efficient & effective
monetary policies aimed at
provision of infrastructure &
ensuring Macro-economic
utilities services
Stability
The 4 major
environment for
Private Sector
Development involves;

3) Efficient & effective public 4) Continued trade


administration liberalisation
ANSWERS TO THE OBJECTIVES

Answer to Objective 1
Answer to Objective 2
Answer to Objective 3
Questions??