Policy Research Institute

 

MOF-IMF Asian Regional Seminar
“Reforming the Management and Accountability of Public Finances”

Mr. Mitsuhiro Furusawa, Vice Minister of Finance for International Affairs, Japan made a keynote address “Towards Creating a Virtuous Cycle of Fiscal Consolidation and Economic Growth”
(Update:31 Oct,2013)

The Ministry of Finance and IMF (Fiscal Affairs Department) had Asian Regional Seminar “Reforming the Management and Accountability of Public Finances” on October 21-22, 2013, Tokyo, Japan.

This seminar is held as a technical assistance for fiscal authorities. In this seminar, we discussed reforming the management of public finances, improving fiscal transparency and accountability, and managing fiscal risks. We also shared lessons from each country.

DAY 1 − MONDAY, OCTOBER 21

10:00 - 11:10 Opening Session

Opening Statement

Mr. Yoshihisa Furukawa, Senior Vice Minister of Finance, Japan

Inauguration Remarks:

Mr. Sanjeev Gupta, Acting Director, Fiscal Affairs Department, IMF

Keynote Addresses

Presentation by Mr. Mitsuhiro Furusawa, Vice Minister of Finance for International Affairs, Japan: Towards Creating a Virtuous Cycle of Fiscal Consolidation and Economic Growth(Update:31 Oct,2013)

Presentation by Mr. Sanjeev Gupta, Acting Director, Fiscal Affairs Department, IMF: Managing Fiscal Challenges in an Uncertain World

Q&A

11:30 - 13:00Session 1: Reforming the Management of Public Finances in the Wake of the Crisis: Lessons Learned

Chaired by Minister Edgar Ayales, Minister of Finance, Costa Rica

Presentation by Mr. Graham Scott, Former Secretary to the Treasury, New Zealand: The Changing Role of Public Financial Management

Discussants:

Professor Hideaki Tanaka, Meiji University/ Senior Visiting Scholar, Policy Research Institute, Ministry of Finance Japan

Mr. Holger van Eden, Deputy Division Chief, Fiscal Affairs Department, IMF

Q&A

14:30 - 15:40Session 2: New Initiatives for Improving Fiscal Transparency Post Crisis

Chaired by Mr. Odd Per Brekk, Director of the IMF Regional Office for Asia and the Pacific

Presentation by Mr. Gerd Schwartz, Deputy Director, Fiscal Affairs Department, IMF: The IMF’s Revised Fiscal Transparency Code, Manual and Assessment – A New Approach

Presentation by Minister Edgar Ayales, Minister of Finance, Costa Rica: Costa Rica’s Experience with the IMF’s New Fiscal Transparency Assessment

Q&A

16:00 - 17:30 Session 3: The Challenges of Managing Fiscal Risks

Chaired by Mr. Tadashi Horiuchi, Director for Fiscal Affairs, Budget Bureau, Ministry of Finance, Japan

Presentation by Mr. Murray Petrie, Director of Economics and Strategy Group: Managing Fiscal Risks

Presentation by Ms. Rosemary Huxtable, Deputy Secretary, Department of Finance, Australia

Presentation by Mr. Robert Dominick Mariano, Director of the Research Service, Bureau of the Treasury, the Philippines.

Q&A

DAY 2 − TUESDAY, OCTOBER 22

09:30 - 11:00 Session 4: Improving Government’s Accountability for Fiscal Performance: Innovations in Fiscal Rules and Responsibility Laws

Chaired by Mr. Murray Petrie, Director of Economics and Strategy Group

Presentation by Mr. Holger van Eden, Deputy Division Chief, Fiscal Affairs Department, IMF: Designing Effective and Enforceable Fiscal Rules and Responsibility Laws

Presentation by Mr. Rajat Bhargava, Joint Secretary of Budget, Department of Economic Affairs, Ministry of Finance, India

Presentation by Mr. Christian Kastrop, Deputy Director General Economics and Strategy, Federal Ministry of Finance, Germany

Q&A

11:20 - 12:50 Session 5: Designing Medium-Term Fiscal and Budget Frameworks

Chaired by Mr. Holger van Eden, Deputy Division Chief, Fiscal Affairs Department, IMF

Presentation by Mr. Jim Brumby, Sector Manager, World Bank:The Transition to Medium-Term Fiscal and Budgetary Frameworks

Presentation by Mr. James Richardson, Director of Fiscal Policy UK Treasury, United Kingdom

Presentation by Mr. Yoshiyuki Komiya, Director of Research Division, Budget Bureau, Ministry of Finance, Japan: Japan’s Experiences and Issues

Q&A

14:20 - 16:00 Session 6: Holding Governments to Account for Results: Spending Reviews: Tools for Resource Prioritization and Improving Service Delivery

Chaired by Mr. Graham Scott, Former Secretary to the Treasury, New Zealand

Presentation by Ms. Teresa Curristine, Senior Economist, Fiscal Affairs Department, IMF: New and Old Tools for Reviewing Spending

Presentation by Mr. Kazuhiko Ejima, Director for Coordination on Expenditure Issues, Budget Bureau, Ministry of Finance, Japan: Tools for Reviewing Spending in Japan

Presentation by Professor Hideaki Tanaka, Meiji University / Senior Visiting Scholar, Policy Research Institute, Ministry of Finance Japan

Presentation by Mr. Yun-Cheol Koo, Deputy Director General for Fiscal Performance Management, The Korean Ministry of Strategy and Finance

Q&A

16:20 - 17:30 Session 7: General Lessons Learned (Round Table Discussion)

Chaired by Mr. Sanjeev Gupta, Acting Director, Fiscal Affair Department, IMF

Participants:

Mr. Tadashi Horiuchi, Director for Fiscal Affairs, Budget Bureau, Ministry of Finance, Japan

Minister Edgar Ayales, Minister of Finance, Costa Rica

Mr. Rajat Bhargava, Joint Secretary of Budget, Department of Economic Affairs, Ministry of Finance, India

Mr. Graham Scott, Former Secretary to the Treasury, New Zealand

Q&A

17:30 - 17:40 Closing Remarks

Mr. Shunsuke Kagawa, Director-General, Budget Bureau, Ministry of Finance, Japan