vision2016 sipref tgn

Vision2016 Outthink. Outperform. 1

Vision2016Outthink. Outperform.May 9 – 12 | Hilton Bonnet Creek, Orlando, Florida

National Financial & Budgeting System Adriana Arosteguiberry Cantullera Uruguayan National Treasurer


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Agenda

-  What is the National Financial & Budgeting System ( Stand for SIPREF)

-  Context

-  Why an Information System?

-  Results

-  Demo

-  Key Success

-  Future Challenges


What is the SIPREF?


What is the SIPREF?

-  Informatic solution for the budgeting and financial planning process of Central Government.

-  Optimizes the interaction between the Economy Ministry and the other government agencies in a dynamic environment.

-  Joint development of National General Treasure and National Budgeting Unit of Uruguay’s Economy and Finance Ministry.


Development Context

-  1. Fiscal Management in the last decade

-  2. Working Methodology of Uruguay’s Economy and Finance Ministry.

-  3. Strengthening of the National General Treasure


1. Fiscal Management in the Last Decade


2. Working Methodology in the Ministry

National Treasure

Macroeconomic Advisory

Debt Unit

National Budgeting Unit


3. Management of National Treasure

-  Consistency between financial program and budget.

-  Sustainable trajectory of public debt.

-  Transparency in the generation and application of resources.

Active participation of the Treasure in the programming and execution of the budgeting process



Targets

-  To ensure payment predictability to other government agencies.

-  To determine required funds to comply with budget.

-  Proper fiscal management and build the fiscal statistics.



Tool: Financial Planning

-  Estimate the financial needs of the different spending concepts of the National Budgeting.

-  Coordinated work with the Ministries CFOs


Why an Information System?



-  Is the key to achieve efficiency during the Process

Process: Formulation – Execution – Budgeting Control and Financial Planning.



•  Invested time in reports.

•  Traceability in information changes.

•  Improve the information Quality.

•  Improve the information Security.


National Financial & Budgeting System

SIPREF Targets

-  To promote modernization of the processes. -  To facilitate queries and information distribution. -  To simplify the projections and reprogramming cycle. -  Integration simplicity.



SIPREF Results:

-  Improvement in the processes efficiency.

-  Improvement in the analysis capacity



Improvement in the processes efficiency

-  Information on time. -  Reduce time reporting. -  Information standardization. -  Information traceability



Improvement in analysis capacity

-  Analyze the information in more detail

-  Generate and analyze different scenarios for each of the Government Agencies.

Strengthening Financial Planning as a tool to improve the payment predictability.


DEMO


Key Success

-  Optimization of the Planning Process.

-  Modeling of the process in Bizagi.

-  Consultant company as a strategic partner.


Future Challenges

-  Integration possibilities with other systems to be developed in National General Treasure and Economy and Finance Ministry.

-  Interoperability with new management systems of government agencies.

-  Interoperability with the new generation integrated financial management system


?


Thanks

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