PUBLIC SECTOR
Integrated System of MNGM and Control of the Public Finances SIGECOF. 1995. with the
help of the World Bank they started to design a different budget system based on accounting
practices. Need to promote changes in laws.
Budgeting process. Legislative, citizen and executive branches participate in it. It starts at
the Office of Central Budget (oficina central de presupuesto). This office established some
rules to be used by the different agencies in proposing their specific budgets. In developing
this budgeting rules the Office of Central Budget follows the general policies established by
the president and managed by the Central Office of Coordination and Planning (Oficina
central de Coordinacion y Planificacion). Each agency develops a budget proposal that is
revised and integrated by the Office of Central Budget. The integrated proposal needs to be
passed by the National Assembly which can modify it. Once approved by the National
Assembly, the executive branch develops a set of rules about how to manage and actually
expend the budget.