World Bank report: Jamaican parliamentarians need training in financial management
As the government moves to improve its fiscal management systems a World Bank reports says Jamaican parliamentarians need to be trained in fiscal matters and oversight frameworks.
The report says capacity building among legislators is critical as Jamaica continues to be hampered by its high level of debt.
The World Bank report reviewed the structure and capacity of Parliament to undertake its constitutional role as it regards oversight of the nation’s public finances.
The report says despite the general improvement in the operation of public finance oversight committees such as the Public Accounts and the Public Administration and Appropriations committees significant challenges remain.
It has recommended that Members of Parliament and in particular Members of PAC and PAAC should be exposed to a deeper understanding of macro-fiscal management and fiscal responsibility.
The report says this would place members in a better position to make decisions on public spending and effective management. It also called for ongoing training of MPs, especially first time parliamentarians, in parliamentary roles and responsibilities and oversight management.
It says these skills are critical for the management of public finances.
The World Bank report is a response to a request from the Jamaican Government to review the structure and capacity of the Parliament to undertake its constitutional role with respect to oversight of the nation's public finances.
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