Day2 sp4 pres-washington_elettore_en

1. 7- 9 December 2015
Washington, DC, USA
ICGFM winter training Conference
Finance Minister
CPA Ángel Mario Elettore
Transparency Policy in the
Public Management
Finance Ministry/ Government of Cordoba Province

2. Number of Inhabitants: 3,657,654
Surface: 165,321 km²
Density: 21,58 Inhabitants per km²
GGP: U$S 30,564 million¹
GGP per capita: U$S 8,567
Budget: U$S 7,807 million¹
Cordoba Province in Figures
Human capital education: high
literacy rates(98.5%) and a high
level in university education.
(1) Source: Nominal GGP l 2014 published by the Directorate of Statistics and Census for Cordoba Province and
average exchange rate in 2014.
Córdoba represents
8.1% of the whole
exports in the country.

3. Good
Standing
Organizational
Transparency & Evolution
Services to Citizens
Environmental Management
Laws of the New State
Sustainability Policy
Growth and Sustainability Policy
The Fiscal Solvency Model underpins a Financially
Sustainable State

4. Source: Investment/Savings Account, accrued financing each year 2003-2014 and over 2015 2nd quarter.
Surplus economic
outcomes helped
balance accounts
without
implementing
adjustments
Fiscal Solvency in Figures
35
438 597 769 873 336 449
2.118
1,221
1,959
3,881
4,784
3,126
0
2,000
4,000
6,000 2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015(II)
Current Savings
in AR$ million
14
250 220 239 167 23 -389
1,010
61
1,195
1,846
1,293
366
-1,000
-500
0
500
1,000
1,500
2,000
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015(II)
Financial Outcome
in AR$ million

5. Provincial tax
resources increased
their participation by
+5%
Source: Investment/Savings Account, accrued financing each year 2003-2014 and over 2015 2nd quarter.
Tax management for a fiscal solvency
34% 33% 34% 33% 33%
38% 38% 38% 37%
40% 41% 39%
30%
35%
40%
45%
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015(II)
Provincial taxes within the total tax
revenue
66% 67% 66% 67% 67%
62% 62% 62% 63%
60% 59% 61%
50%
55%
60%
65%
70%
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015(II)
National Taxes within the total tax revenue

6. Source: Investment/Savings Account, accrued financing each year 2003-2014 and over 2015 2nd quarter.
Spending Management for Fiscal Solvency
3,286 4,923
9,055
13,904
24,203
31,889
44,583
27,766
0
8,000
16,000
24,000
32,000
40,000
48,000
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015(II)
Ongoing Costs
(in AR$ million)
138 254
480 630 856 743
1,235
1,937
2,054
1,579
2,987
4,950
3,535
0
1,000
2,000
3,000
4,000
5,000
6,000
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015(II)
Capital Expenditure
(in AR$ million)Continuity
of the policy
for public
investment

7. ONGOING DEBT RELIEF IN THE PROVINCE
Debt Stock
(1) Source: Annex II to LRF as of June 2015. Average exchange rate for reference as of 2nd quarter 2015 based on
Communication “A” 3500 of the Argentine Central Bank.
The debt stock as of 2nd quarter 2015 amounts to USD 1,696
million(1)
Debt Stock as a percentage of Total
Revenues
Debt Stock as a percentage of the
provincial GGP

8. Sustainable Borrowing
(1) Law 25.917 for Fiscal Responsibility . * Current revenues net of revenue sharing with municipalities of the Non
Financial Public Administration .
The model for
Fiscal Solvency
has helped
keep a level of
sustainable
borrowing
Debt services should not be over 15% of current revenues
net of revenue sharing with municipalities, pursuant with the
Law for Fiscal Responsibility.
5.5%
4,1%
4.0% 3.4%
10.4%
1.4% 1.3% 1.0%
15%
2013* 2014* 2015 2016 2017 2018 2019 2020
Relación Servicios Proyectados
vs. Ingresos Proyectados
Relación Deuda/Ingresos Corrientes netos de Coparticipación a Municipios
Projected Services vs. Projected
Revenues Ratio
Relation between Debt/Current Revenues net of Sharing with Municipalities

9. International Financial Crisis
Political structures need
to provide answers
Actions aimed at creating
a more open and efficient
Government, with the use
of technology
Goal: Recover Trust

10. IDB, Policy for Access to Public
Information (2010)
IMF, Manual for Fiscal
Transparency and Good
Practices Code (2001, last
update 2007)
Good PracticesChallenge: Generate
Credibility & Trust
Good Practices: a more open Government
Commitment
towards
Transparency
Open Government

11. Transparency as backbone
Transparency as
management
approach
Granted
Recognition
Consolidated
through…
New
Technologies
Legal
Reforms
Quality
management

12. Regulatory Compendium for Finance
Administration Issues
Regulatory Compendium for Tax,
Cadastral and Registry Issues
Provincial Tax Code – Reorganization
and Regulation
Legal Reform
Regime for Fiscal Responsibility
(joined in 2004)
Law for Financial Administration
(passed in 2003)
Works aimed at organizing and reinforcing the regulatory
framework

13. Commitment to observe clear rules for fiscal behavior and to
increase transparency in the public management
Law No.9086 aims at guaranteeing the application of those
principles of transparency, finance regularity, legality, cost-
effectiveness, efficiency and effectiveness, as well as
implementing modern accounting practices.
Joining Regime for Fiscal Responsibility
(2004)
Passing of the Law for Financial
Administration (2003)
Legal Reform (Cont…)

14. Implied cutting down issued resolutions.
Allowed showing all rules related to tax,
cadastral and registry issues in a thorough,
systematic and functional way .
Compendio Normativo en materia Tributaria, Catastral y Registral
Regulatory Compendium on Tax,
Cadastral and Registry Issues
Legal Reform (Cont…)

15. Implied the review and improvement of external
processes, as well as incorporating internal
procedures in all directorates reporting to the
Secretariat for Finance Administration.
Regulatory Compendium for Financial
Administration Issues
Legal Reform (Cont…)

16. Implied compiling, consolidating, reviewing,
and analyzing provincials decrees while
selecting those with tax contents, passed
since 1952.
Provincial Tax Code
Reorganization and Regulation
Legal Reform (Cont…)

17. Resolution 364/09 - Transparency
Adoption of international
standards for good practices
and disclosure of reliable
information
Resolution
364/09
All agencies were tasked with
improving transparency levels in
published information
The FINANCE MINISTRY granted legal
formality to transparency policies

18. •Directorate General for Revenues: the
first to be awarded quality
certifications. They currently have 5
Certified Macro processes
•Provincial General Registry: 5 Quality
Certifications in HQs and Rio Cuarto.
•Secretariat for Financial Administration:
in 2014 all subsystems used by the
Secretariat got Quality Certification.
Córdoba is a pioneering province in
reaching such an assurance.
Quality Certifications

19. Subsidios y Ayudas
entregadas
Transparency: Transparency Portal
Free access to Reliable
Information, simplified
search and access to
information

20. Transparency: Government
Revenue SharingCollection
Enforcement
Law for Fiscal
Responsibility
Salary Level Debt
Budget
BESIDES the WEB page, the Government also shows the following
information

21. A key tool for Public
Management
Information on Revenues,
Spending, Debt and
Budget
Friendly and summarized
presentation of general
contents of the Provincial
Budget
Created in 2013.
Shows data from 2013, 2014
& 2015
Transparency: Citizen Budget
Encourages and fosters the
participation of citizens in all
issues related to the public
management

22. 2014 2014
Transparency: Audit Works
2012 & 2014
Public Debt
Audit
Córdoba
Bursátil
Trust
Floating Debt
Each audit work was conducted as
at 30 September 2014
In line with the transparency policy the Finance Ministry has
worked to issue an independent professional report on the
present situation of the following processes:

23. 1° Budgetary Transparency Rate
Córdoba
leads
1° in Compliance with the Law for Fiscal
Responsibility
Córdoba
leads
1° Fiscal Visibility Ranking
1°ISAGOL Ranking, e- government -
Córdoba
Leads
Transparency Awards

24. Participation of the Finance Ministry in the “G4 Pioneers
Program”
Moreover: GRI Report
In 2015 Cordoba published the THIRD
SUSTAINABILITY REPORT report for 2013-2014.
It provides information on day-to-day
performance, focusing not only on
economic impacts, but also on social
and environmental ones

25. Paper Energy
Recycling
•Acquisition of multifunction
photocopiers that help digitalizing
documents
•Newspapers and publications are no
longer purchased
•The consumption of paper reams has
dropped by 55% since 2010
• The use of ink for printers was cut
down by 20% last year
•Continuity of the policy to extend
the use of compressed gas in vehicles
•Restructuring and modernization
works in electrical systems
• As a result, energy consumption
dropped by 11% last year.
•Unused IT equipment, furniture and office elements belonging to the
institutions were donated to different organization. Over the last two years 200
pieces of furniture were donated
Environmental Management