{"id":23568,"date":"2022-08-18T22:06:29","date_gmt":"2022-08-19T03:06:29","guid":{"rendered":"https:\/\/projectcalls.com\/dev?p=23568"},"modified":"2022-08-18T18:03:22","modified_gmt":"2022-08-18T23:03:22","slug":"budget-weaknesses-outlined-in-bid-documents","status":"publish","type":"post","link":"https:\/\/projectcalls.com\/dev\/budget-weaknesses-outlined-in-bid-documents\/","title":{"rendered":"Budget weaknesses outlined in bid documents"},"content":{"rendered":"

Cayman Islands<\/p>\n

(CNS): Significant shortcomings in the way government currently reports and manages its now one billion dollar per year budget have been outlined in documents prepared by the finance ministry as it looks for consultants to help modernise the process. The current budget process is failing both the Cayman Islands Government and the people, and does not provide clear links between outputs and outcomes. It also produces long and inconsistent documents that are hard to understand and labour intensive but do not clearly show whether or not the government is making progress with its goals.<\/p>\n

The ministry has\u00a0opened a bid for consultants<\/a><\/strong>\u00a0to supply an outline business case to justify the overhaul and modernisation of both the budget framework and the reporting process. The goal is to shift the focus to the outcomes so that they are clearly defined and monitored in the budget documents, which should be concise and easy to understand.<\/p>\n

In the procurement documents supporting the bid, officials point out that at present the outputs are reported in government documents, such as how many meetings a government department may have had on a specific issue, without any indication of what was achieved.<\/p>\n

\u201cThe links between the Strategic Policy Statement and outcomes desired by the Government and outputs included in the budget statements are unclear and disjointed,\u201d officials stated in the documents as they explained the challenges. \u201cIt is important that money and other resources are directed towards achieving the government\u2019s strategic priorities and outcomes, and that appropriate measures are put in place to demonstrate the progress towards achieving these.\u201d<\/p>\n

Another major problem is that the budget documents are long, inconsistent, not user-friendly and do not provide basic information for budget scrutiny and decision making. The budget information is laid down on 3,500 pages across five documents, which provide detailed information on the quantity, quality, timeliness and cost of all of the services delivered by the 46 ministries, portfolios, offices, statutory authorities and government companies.<\/p>\n

But this volume of information \u201cdoes not necessarily aid decision-makers and users in understanding the budget documents\u201d, officials said in the documents. They also note that some of the information required by law \u201cdoes not add significant value for budget users and decision-makers\u201d.<\/p>\n

\u201cThe budget documents need to be useful to decision-makers and users and include basic information that helps them to understand the budget amount requested and what it is intended to be used for.\u201d<\/p>\n

The preparation process is also complex and cumbersome. The Excel costing templates are not linked and the same information has to be manually entered into spreadsheets and documents, creating a labour-intensive process that is fragmented and prone to duplication of efforts and errors.<\/p>\n

According to the documents, government also wants to harness technology to enable a streamlined and efficient budget preparation process.<\/p>\n

During this first phase government is looking for consultants to prepare a business case that assesses the gaps within the existing budgeting and reporting framework and recommends the best-fit outcome-based budgeting and reporting framework. This bid closes on 5 August, and the consultants are expected to deliver the business case by March next year. After that the CIG will open bids on the next phase to find a consultant to implement the best solution.<\/p>\n

Government is anticipating that getting to a modernised process will take several years and will be fully rolled out by the end of 2025.<\/p>\n

In February 2015, a Public Management and Finance Law Review Committee report found that government needed to reform budgeting and reporting to allow the actual budget to line up with its goals and enable it to measure success, showing decision-makers what the money spent by the government actually achieved. It also suggested that the budget should be much shorter and simplified.<\/p>\n

more<\/a><\/p>\n

\u00a0<\/p>\n

Image: pexels-pixabay-53621<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Cayman Islands (CNS): Significant shortcomings in the way government currently reports and manages its now one billion dollar per year budget have been outlined in documents prepared by the finance…<\/p>\n","protected":false},"author":1091,"featured_media":23569,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[250],"tags":[77,146,71,125],"class_list":["post-23568","post","type-post","status-publish","format-standard","has-post-thumbnail","category-articles","tag-cayman-islands","tag-procedures","tag-procurement","tag-public-procurement"],"aioseo_notices":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2022\/08\/pexels-pixabay-53621-scaled-e1660863719265.jpg?fit=1024%2C603&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p6u9Qa-688","jetpack_likes_enabled":true,"jetpack-related-posts":[{"id":27312,"url":"https:\/\/projectcalls.com\/dev\/consultants-wanted-to-drive-car-free-week-campaign\/","url_meta":{"origin":23568,"position":0},"title":"Consultants wanted to drive Car Free Week campaign","author":"Mayra Bonilla Lopez","date":"April 13, 2023","format":false,"excerpt":"Cayman Islands (CNS) Government is in the process of finding more private sector consultants to promote its proposed Car Free Week planned for some time this spring. The tender from the Ministry of Sustainability and Climate Resiliency is inviting bids from event planners or marketing companies for a month-long multimedia\u2026","rel":"","context":"In "Articles"","block_context":{"text":"Articles","link":"https:\/\/projectcalls.com\/dev\/category\/articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/02\/Streetlights-highway-road-Vini%CC%81cius-Pimenta-Pexels.jpeg?fit=1024%2C682&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/02\/Streetlights-highway-road-Vini%CC%81cius-Pimenta-Pexels.jpeg?fit=1024%2C682&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/02\/Streetlights-highway-road-Vini%CC%81cius-Pimenta-Pexels.jpeg?fit=1024%2C682&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/02\/Streetlights-highway-road-Vini%CC%81cius-Pimenta-Pexels.jpeg?fit=1024%2C682&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":31802,"url":"https:\/\/projectcalls.com\/dev\/general-aviation-terminal-upgrade-moves-ahead\/","url_meta":{"origin":23568,"position":1},"title":"General aviation terminal upgrade moves ahead","author":"Mayra Bonilla Lopez","date":"December 28, 2023","format":false,"excerpt":"Cayman Island \u00a0 Government\u2019s plans to upgrade the general aviation facility at the Owen Roberts International airport has taken another step forward with the opening of tender bids for design consultancy services for the project. The request for proposals, which was issued on the government procurement Bonfire portal, is seeking\u2026","rel":"","context":"In "Articles"","block_context":{"text":"Articles","link":"https:\/\/projectcalls.com\/dev\/category\/articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2023\/12\/pexels-pixabay-459402-scaled-e1703815753708.jpg?fit=1024%2C683&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2023\/12\/pexels-pixabay-459402-scaled-e1703815753708.jpg?fit=1024%2C683&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2023\/12\/pexels-pixabay-459402-scaled-e1703815753708.jpg?fit=1024%2C683&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2023\/12\/pexels-pixabay-459402-scaled-e1703815753708.jpg?fit=1024%2C683&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":19368,"url":"https:\/\/projectcalls.com\/dev\/ofreg-to-auction-green-energy-projects\/","url_meta":{"origin":23568,"position":2},"title":"OfReg to auction green energy projects","author":"Mayra Bonilla Lopez","date":"November 18, 2021","format":false,"excerpt":"Cayman Island (CNS): The utilities regulator has come up with a plan to enable potential energy producers to bid against each other to supply renewable energy through long-term contracts at the lowest possible price, officials have said. 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The\u2026","rel":"","context":"In "Articles"","block_context":{"text":"Articles","link":"https:\/\/projectcalls.com\/dev\/category\/articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2024\/11\/pexels-tomfisk-3186576-scaled-e1732828882384.jpg?fit=1024%2C681&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2024\/11\/pexels-tomfisk-3186576-scaled-e1732828882384.jpg?fit=1024%2C681&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2024\/11\/pexels-tomfisk-3186576-scaled-e1732828882384.jpg?fit=1024%2C681&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2024\/11\/pexels-tomfisk-3186576-scaled-e1732828882384.jpg?fit=1024%2C681&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":7750,"url":"https:\/\/projectcalls.com\/dev\/cig-recruits-new-procurement-boss-from-uk\/","url_meta":{"origin":23568,"position":4},"title":"CIG recruits new procurement boss from UK","author":"Michele Marius","date":"January 3, 2019","format":false,"excerpt":"(CNS): The finance ministry has recruited a new director for the Central Procurement Office (CPO), which is tasked with\u00a0saving public money on necessary expenditure and ensuring value for money for the public purse by using appropriate procurement methods.\u00a0Taraq Bashir is from the UK but came to Cayman from Montserrat, where\u2026","rel":"","context":"In "News\/Developments"","block_context":{"text":"News\/Developments","link":"https:\/\/projectcalls.com\/dev\/category\/newsdevelopments\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/12\/Management-clipboard-calculator-Alpha-Stock-Images.jpg?fit=1024%2C683&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/12\/Management-clipboard-calculator-Alpha-Stock-Images.jpg?fit=1024%2C683&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/12\/Management-clipboard-calculator-Alpha-Stock-Images.jpg?fit=1024%2C683&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/12\/Management-clipboard-calculator-Alpha-Stock-Images.jpg?fit=1024%2C683&ssl=1&resize=700%2C400 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/posts\/23568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/users\/1091"}],"replies":[{"embeddable":true,"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/comments?post=23568"}],"version-history":[{"count":3,"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/posts\/23568\/revisions"}],"predecessor-version":[{"id":23668,"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/posts\/23568\/revisions\/23668"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/media\/23569"}],"wp:attachment":[{"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/media?parent=23568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/categories?post=23568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/tags?post=23568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}