Public Debt Management

In: Business and Management

Submitted By cynthiadelacruz
Words 2509
Pages 11

RA 10149 – otherwise known as the Governance Act of 2011

An act to promote financial viability and fiscal discipline in government-owned or controlled corporations and to strengthen the role of the state in its governance and management to make them more responsive to the needs of public interest and for other purposes.

This act is part of the present administration’s drive to minimize graft and corruption in the government service. It created the Governance Commission for Government Owned or Controlled Corporations (GCG) as central advisory, monitoring and oversight body with authority to formulate, implement and coordinate policies concerning GOCC’s and other related corporations.


1. Performance Review - Creation of Governance Commission for GOCCs which shall be composed of five members – the chairman with the rank of Cabinet Secretary and two members with the rank of Undersecretary appointed by the President; and the Budget and Finance Secretaries as ex-officio members. The GCG will review the performance of GOCCs.

2. Restitution and Prosecution of Corrupt Public Officers – any board member or officer found to have benefited from the GOCC excess benefit or profit shall be subject to restitution without prejudice to any administrative, civil or criminal case.

3. Salaries and benefits are rationalized – Rationalization of salaries and benefits of officials and employees of government-owned and controlled-corporations to curb abusive perks and based on their performance with regard to financial capability of the GOCC.

4. New Job Positions and Classifications of GOCCs – The development of new positions and classification system that will apply to officers and employees of GOCCs, whether covered by the Salary Standardization Law or exempt from it. All GOCC personnel shall be paid just and…...

Similar Documents

Impact of Public Debts - Kenya

...Abu Dhabi Police is the primary law enforcement agency in the Emirate of Abu Dhabi was founded in 1957 and Police is primarily responsible for enforcing criminal law, enhancing public safety, maintaining order and keeping the peace throughout the Emirate. it is among the best police forces in the Middle East. It focuses on being the most effective police force that operate to make UAE one of the safest countries. To achieve this the Abu Dhabi police aim at enhancing the levels of safety in the community, maintaining order and security, reducing crime and eliminating feelings of insecurity, and contributing to the achievement of justice in a manner that promotes public. The police force is headed by the Commander General of Abu Dhabi Police and has five departments with over 12,000 police officers The Abu Dhabi Police also works closely in conjunction with local, national and international agencies to contribute to global peace and stability. Integrity, honesty and respect for human rights are the core values of the Abu Dhabi Police while the notion of public service is a central pillar in Abu Dhabi police thinking. Embraced as a legitimate partner by the community, the Abu Dhabi Police pursue efficiency and effectiveness through the use of the latest technological advancements and systems management practices. By incorporating the best of the old with the best of the new, Abu Dhabi Police has achieved the flexibility, adaptability and durability required to be widely......

Words: 4866 - Pages: 20

Public Management

...ORGANIZATIONAL THEORY | PUBLIC MANAGEMENT | | | | 25/05/2012 | | | Sommaire INTRODUCTION 2 I. DEFINITION OF PUBLIC MANAGEMENT 4 II. PUBLIC MANAGEMENT AND PUBLIC ADMINISTRATION 4 III. THE PUBLIC MANAGEMENT MODEL 6 IV. PUBLIC MANAGEMENT AND GOVERNANCE 8 V. PRINCIPLES THEORIES OF PUBLIC MANAGEMENT 9  Public Choice Theory 10  Transaction Cost Economics 11  Principal–Agent Theory 11  Microeconomic Theory 12  The New Economic Sociology 13 VI. PUBLIC MANAGEMENT AS CRAFT 14 VII. PUBLIC MANAGEMENT AS STRUCTURE 16 VIII. PUBLIC MANAGEMENT AS INSTITUTION 17 IX. NEW PUBLIC MANAGEMENT PRINCIPLES 21 CONCLUSION 24 INTRODUCTION Public management is the subject of a rapidly growing literature that is international in scope a multifarious in content. The common sense of public management is relatively straightforward. Good public managers, whatever their particular positions or responsibilities, are men and women with the temperament and skills to organize, motivate, and direct the actions of others in and out of government toward the creation and achievement of goals that warrant the use of public authority. Few public laws and policies are self-executing, and, in their formulation, all might benefit from managerial insight and experience. Under virtually any political philosophy or regime, then, the achievement of good government requires the responsible and competent use of public authority by a......

Words: 7451 - Pages: 30

Management Functions of Public Relations

...With the qualified and experienced staff, St. Paul’s is without doubt the best college committed to provision of quality, relevant and affordable university education for the market place. It is with the understanding of how the university is growing and its commitment to quality that good public relations ventures are highly needed to enhance the existing image or craft and strive to maintain a new positive image. As Garry Melanson (2003) put it, the main goal of a PR department is to enhance company’s reputation. This will be obligation or responsibility to ensure that the university is advancing in line with its objective of positioning itself as a competitive educational institution of higher learning in the continent of Africa. The education paradigm, especially in the cities, is quite competitive. Institutions of higher learning have an obligation therefore to stay right in order to survive in such competitive environment. St. Paul’s university is not exceptional. I will hereby thus suggest possible ventures that the institution can endeavour to remain relevant to its intended course. The intended image of St. Pauls University can be enhanced through: Advertising Advertising is a public relations responsibility. As a PR practitioner at the St. Paul’s University I will be obliged to craft the advert messages to ensure they are in line with either crafting a new image for the institution or contributing towards maintenance of the existing one. This is one of the......

Words: 2221 - Pages: 9

Guidelines for Public Debt Management

...Topic: Guidelines for public debt management Background of research Public debt is an obligation of the government and is also sometimes referred to as government debt. Public debt management is the process of establishing and executing a strategy for managing a governments' debt in order to raise the required amount of funding, achieve its risk and cost objectives and to meet any other debt management goals that a government may have set, such as developing and maintaining an efficient market for government securities. Effective public debt management is the cornerstone of financial stability and sustainable fiscal policy. A government’s debt portfolio is often the largest in the country and can generate substantial risk to its balance sheet, with potential to undermine key development objectives. Statement of the problem The guidelines are designed to assist policymakers in considering reforms to strengthen the quality of their public debt management and reduce their country’s vulnerability to international financial shocks. The main objective of public debt management is to ensure that the government’s financing needs and its payment obligations are met at the lowest possible cost over the medium to long run, consistent with a prudent degree of risk. The risk inherent in the structure of the government’s debt should be carefully monitored and evaluated. In order to help guide borrowing decisions and reduce the government’s risk, debt managers should consider the......

Words: 344 - Pages: 2

How Is Public Debt Related to Economic Growth and Unemployment?

...How is public debt related to economic growth and unemployment? Public debt as a factor will influence economic growth and unemployment. Economic growth is usually presented as gross domestic product (GDP) growth. There are some data including GDP of countries in 2010 and 2009, budget surplus or, total central government debt and unemployment and government debt in U.S.A. Those data have units and definitions below. Definitions: GDP 2010: GDP 2009: Budget surplus/deficit: GovtDebt: Unemployment Debt Gross Domestic Product in 2010 (millions constant 2000 US$) Gross Domestic Product in 2009 (millions constant 2000 US$) Budget surplus/deficit as % of GDP in 2010 Total central government debt as % of GDP in 2010 Total unemployment in USA (% of total labor force) Real government debt in USA (billion constant 2000 US $) First, according to the GDP in 2009 and 2010, GDP growth can be calculated by this way: using the difference between GDP in 2010 mines GDP in 2009 over GDP in 2009. Then, calculate the mean, median standard deviation maximum and minimum by Excel, we can get the results, the mean of GDP in 2010 is 288366.5 million U.S. dollars. The mean id GDP in 2009 is 277225.5 million U.S. dollars, so the average GDP in 2010 is increased. Also, the median of GDP in 2010 is 14141.0 million U.S. dollars, greater than the median of GDP in 2009. However, the standard deviation and difference between maximum and minimum in 2010 is greater than which in 2009, which means......

Words: 891 - Pages: 4

How Is Public Debt Related to Economic Growth and Unemployment?

...8421786 How is public debt related to economic growth and unemployment? In this project different economic factors will be compared with each other to see if any correlations exist between them. These will perhaps explain certain trends and changes we see. The three factors focused on in this report are GDP growth, Government Debt and Budget surplus/deficit. In the data provided there is a very large standard deviation for GDP (see appendix). In both 2009 and 2010 the standard deviation was over four and a half times larger than the average of GDP itself. This will make it hard to create general assumptions for all countries to assess whether different factors correlate with each other. Even other factors such as GDP growth have relatively large standard deviations. This may cause difficulties in examining factors. An example of ambiguous data can be seen when comparing Canada and India. They both had fairly similar GDP and debt figures in 2010 but India’s GDP growth was around three times that of Canada’s. This shows that we cannot make hard-and-fast rules on links between different factors but we may be able to make general connections and assumptions. Distribution of GDP Growth and Government Debt within countries Figure 1: GDP Growth (2009-2010) 60 50 Number of Countries 40 30 20 10 0 Frequency GDP Growth 2009-2010 (% change) As we can see from Figure 1 distribution of GDP growth is relatively small, with 93.4% (171/183) countries having a growth between 0%......

Words: 1402 - Pages: 6

Emergence of Public Sector Management

...THE EMERGENCE OF PUBLIC SECTOR MANAGEMENT. MINI LITERTURE REVIEW CONTENT: 1) INTRODUCTION 2) PROBLEM STATEMENT 3) REVIEW OF ACADEMIC LITERTURE 4) CONCLUSION 5) REFERENCES/BIBLIOGRAPHY Introduction Public sector management, was introduced in the UK during the era of Margaret Thatcher and in the US during President Ronald Regan’s term of office (1970s and 1980s). This transformation in the management of the public sector was adopted by many countries as a strategy for government as a means to solve problems that was existing in the delivery of public goods and services. The rigid, hierarchical, bureaucratize form of public administration was changed to a flexible, market-based form of public management. This is considered as a "paradigm shift" from the traditional public administration approach, which was dominant in the public sector for most of the century. The traditional approach was severely criticized. This literature review seeks to show the emergence of public sector management and its importance in the delivery of public goods and services. Public administration is no longer efficient and effective and as such, Public sector management is a good strategy in increasing efficiency and reduce costs in the public sector. . Problem Statement There were a number of problems leading up to the emergence of public sector management. There were newer theories of organizational structure and behavior, which argued that...

Words: 1209 - Pages: 5

Nokia Public Relation Management

...materials, collaterals & media events and executes the plan. Advisor to Nokia Vietnam’s management in topics that have an impact on Nokia’s reputation Creates local materials for locally relevant media activities Localises and distributes international media releases, materials Support in Nokia’s key stakeholder relations (operators, customers, partners, developers, industry associations) Media Relations Develop and implement the full media relations strategy for Nokia in Vietnam Develop and be responsible for all aspects of media coverage. Manage the perceptions of the business by the media and public Acts the spokesperson for Nokia Organise interviews for other approved Nokia spokespeople. Foster strong useful relationships with key media contacts. Select, invite and host media on to Nokia overseas events. Proactively build and maintain media/blogger contacts and relationships and become a trusted/reliable source for the media. Balancing reactive/proactive PR so we are strong in both. Look for ‘thought leadership’ opportunities so Nokia is talking about more than just products and services. Advice and Counsel and Issues Management Support the management in country in their communications initiatives, lending counsel and support where required. Be proactive in understanding key potential media issues and recommending responses and approaches in advance. Issues management may involve working with other stakeholders and industry groups to provide best......

Words: 657 - Pages: 3

Public Debt

...II. Greece public debt 1. Current situation Greece has been in the public debt crisis since 2009. The Greek public debt crisis is one of a number of current European sovereign-debt crises and is believed to have been caused by a combination of structural weaknesses of the Greek economy coupled with the incomplete economic, tax and banking unification of the European Monetary Union. Those days, Greece has confronted with three main related problems: government trust crisis, declining liquidity capacity and high risk of bankruptcy. a) Government trust crisis The prestige of Greek government was impaired seriously during crisis time. Greece borrowed uncontrollable amounts from the financial market to ensure the liquidity for the budget deficit. The budget deficit limit allowed in Eurozone was only 3% of the GDP, while this level of Greece in 2009 was 13.6% and might even increase to over 14%. To cover the overspending in the past years, the Greek government had reported data inconsistently and bias, containing various unusual sections in budget. This action drew to the negative consequences on the reputation of the Greek government on the domestic as well as international market. The credit ascertaining organization successively downgraded Greece recently. Within the first four months of 2010 S&P had lowered continuously the credibility coefficient of Greece, from A- to BBB+ and BB+. b) Declining liquidity capacity Unpaid debt of Greece was nearly 400......

Words: 1933 - Pages: 8

Public Management to Public Value

...The Australian Journal of Public Administration, vol. 66, no. 3, pp. 353–366 doi:10.1111/j.1467-8500.2007.00545.x RESEARCH AND EVALUATION From New Public Management to Public Value: Paradigmatic Change and Managerial Implications Janine O’Flynn The Australian National University Both practitioners and scholars are increasingly interested in the idea of public value as a way of understanding government activity, informing policy-making and constructing service delivery. In part this represents a response to the concerns about ‘new public management’, but it also provides an interesting way of viewing what public sector organisations and public managers actually do. The purpose of this article is to examine this emerging approach by reviewing new public management and contrasting this with a public value paradigm. This provides the basis for a conceptual discussion of differences in approach, but also for pointing to some practical implications for both public sector management and public sector managers. Key words: new public management, public value, role of managers Public sector reform has been a common experience across the world despite its different forms and foci (Pollitt and Bouckaert 2004). Commonly as scholars and practitioners we refer to the reforms of the last few decades as ‘new public management’ (NPM) which, for Hood (1991), represented a paradigmatic break from the traditional model of public administration. During this era several countries......

Words: 8523 - Pages: 35

Oda & Public Debt in Vietnam

...Thị Mai Khanh Members: Đặng Minh Ngọc (Leader) 1211150110 Lê Tuyết Nhi 1217150114 Đinh Mai Hương 1217150059 Nguyễn Thanh Nga 1214150105 Hồ Bích Phương 1217150120 Nguyễn Thị Ngọc Quỳnh 1217150124 International Investment – Group 8 Instructor: Mrs. Phạm Thị Mai Khanh Members: Đặng Minh Ngọc (Leader) 1211150110 Lê Tuyết Nhi 1217150114 Đinh Mai Hương 1217150059 Nguyễn Thanh Nga 1214150105 Hồ Bích Phương 1217150120 Nguyễn Thị Ngọc Quỳnh 1217150124 ODA & public debt in vietnam [Document subtitle] ODA & public debt in vietnam [Document subtitle] Contents Introduction 2 I. Situation of ODA in Vietnam 3 1.1. The Attraction in ODA in Vietnam 3 1.2. Using and Managing ODA in Vietnam 6 II. Public Debt in Vietnam 11 2.1. The origin of Public Debt in Vietnam 11 2.2. The fact of public debt in Vietnam 13 2.3. The impact of government debt 14 III. The relation between ODA and Public Debt in Vietnam 16 Conclusion 18 Table | Name | Page | Table 1 | The commitment, signed and disbursement of ODA over the period | 5 | Table 2 | The ODA’s contribution to GPD growth | 9 | Introduction The United Nations Millennium Declaration explicitly recognized the role of ODA in the development process and committed industrialized countries to “grant more generous development assistance” (UN 2000). The International Conference on Financing for Development held in Monterrey, Mexico in 2002......

Words: 5152 - Pages: 21

Public Management

...A Good Administrator is a Good Politician Renea Joseph American Public University Public Management PADM615 April 22, 2014 A Good Administrator is a Good Politician Introduction Executives do not achieve success in a ‘bubble’; hence, the ability to effectively juggle both the inherent good and potentially damaging aspects of his job requires a range of skills that work to influence and secure both short and long-term interests while avoiding negative outcomes. Furthermore, a successful executive also understands the entire scope of maintaining a sustainable enterprise, which could include the participation of external stakeholders such as elected officials. There have been efforts that attempt to explore the relationship between administrators and political institutions not new. To this end, Rourke, 1976 (as cited in Wilson, 1999) points out that as part of leadership power, one has to have the ability to accomplish the goals of the agency by “ensuring a favorable response to the agency from outside groups and organizations that control resources on which the agency depends” (pp. 241-242). Additionally, without the ability to anticipate change, an organization is incapable of influencing the future except by default (Kearney & Berman, 1999, p. 26) as new legislation and policy decisions have the potential to shape the future. As such, it is in the best interest of the executive to have policy makers decision-making processes based on organized and relevant......

Words: 2261 - Pages: 10

Public Health Management

...Public Health Management Abstract Many low-income countries need to significantly scale up coverage of priority health services. This will generally require additional national and international resources, but better leadership and management are key to using these resources effectively to achieve measurable results. Good leadership and management are about providing direction to, and gaining commitment from, partners and staff, facilitating change and achieving better health services through efficient, creative and responsible deployment of people and other resources. While leaders set the strategic vision and mobilize the efforts towards its realization, good managers ensure effective organization and utilization of resources to achieve results and meet the aims. Public health management is really needed in Africa. For active and resourceful nursing management in Africa, competencies are vital. It is important to know the expertise of the managers on these competencies. It is also important to know if there is a gap between what managers think they know and what they really know in regards to skills. The role of public health for case management is to upkeep early identification of possible circumstances and persons under investigation (PUI) via investigation, mapping communication, awareness activities to healthcare workers and the public. Public health experts can also partake in updating the channeling of PUIs’ likely plus confirmed cases to health care......

Words: 846 - Pages: 4

Factors Affecting to Public Management

...title: Public Management (V502) Final Exam (Fall 2015) Student: Giang Le. Email: Professor: Claudia N. Avellaneda. Email: “The world in which public managers function is rapidly changing and vastly different from that contemplated by the early intellectual stalwarts of public administration. Public agencies are expected to collaborate with each other, with nonprofit organizations and with citizen groups and to use modern technology strategically to manage and deliver services. They are under powerful pressures to use resources efficiently as markets and quasi-markets influenced by global forces play a much greater role in structuring service delivery” (L.R Jones et al 2001). Therefore, understanding public management, its affecting factors as well performance management is extremely important public managers in term of managing public organization and delivering best public services to citizenry. My essay will summarize some definition from different scholars and describing factors that affecting to the public management and/or performance of organization in the first part. The second part will be continued by providing definition of performance management and the measures that can be used by public managers and auditing agencies to assess performance of organization. I. Public management and affecting factors 1. Definition of public management The definition of public management are varied by authors. While management......

Words: 3436 - Pages: 14

Public Debt

...Is Public Debt? Public debt is also sometimes referred to as government debt. It is a term for all of the money owed at any given time by any branch of the government. It encompasses public debt owed by the federal government, the state government, and even the municipal and local government. Public debt accrues over time when the government spends more money than it collects in taxation. As government engage in more deficit spending, the amount of public debt increases. Public debt can either be: 1.1External debt 1.2Domestic debt or Internal Debt 1.1External debt: Public debt can be made up of all sorts of different types of debt. A great deal of public debt is external debt, which is money that is owed by the government to foreign lenders, either in the form of international organizations, other governments, or groups like sovereign wealth funds which invest in government bonds 1.2Domestic debt or Internal Debt: Public debt is also made up of internal debt, where citizens and groups within the country lend the government money to continue operating. In some ways, this is a lot like lending to oneself, since ultimately the responsibility for public debt falls back on the very people lending money. 2.0Benefits of Public Debt * It is an alternative for financing fiscal budget deficit * Deficit budget raise the recession and public borrowing help the economy not to be fall in recession * Public debt......

Words: 3276 - Pages: 14

Applications | Bienvenida de nuevo! Identi volvio | 机器猛犬