Immediate streamlining of public finances by improving the collection of receivables so that civil servants could be paid their salaries.

Mr. Armando Lara Yaffar (Mexico). Deputy Director, Division of International Treaties, Department of Revenue, Ministry of Finance.

Responsible for Revenue budget and tax policy public financial management projects statistics and research information and communications technology.

Previous positions include principal economist (tax policy), Ministry of Finance and National Planning and senior revenue analyst, Ministry of Finance and National Planning.

It was expected that the Government would experience a 67 million revenue shortfall by the end of the fiscal year.

Public finances are characterized by a steady decline in State revenue, which is derived, almost exclusively, from fiscal and customs receipts.

In this framework, UNICEF updates the financial plan each year on a rolling basis to reflect the most current income estimates.

Mr. Danies Kawama Chisenda (Zambia). Chief Budget Analyst and Head of Tax Policy Revenue Unit, Ministry of Finance and National Planning.

In the opinion of UNHCR and for the purpose of financial management, focusing solely on income and expenditures has some inherent limitations a comprehensive view of income from all sources provides a more complete picture.

(c) Material damages and loss of earnings, including loss of earning potential

Also noting the efforts by the territorial Government to strengthen financial management in the public sector, including efforts to increase revenue,

Also noting the efforts by the Government of the Territory to strengthen financial management in the public sector, including efforts to increase revenue,

The budget aims for fiscal revenues to the extent of 1 billion, though donor support will have to cover a deficit of more than 1.17 billion.

The economy of the British Virgin Islands is based on tourism and offshore financial services, which account for 75 per cent of the Government's recurrent revenue.

C. Income

Income

Estimates of income

General income

388,108 untraceable

Also noting the efforts by the Government of the Territory to strengthen financial management in the public sector, including efforts to increase revenue,

In a public statement, the Governor urged lawmakers to work with the Administration during the fiscal year to adjust the budget based on the actual revenues collected.11

The NPA did not have the details of foreign loans totaling 21.789 million. Nor have they made any efforts to collect them.

In paragraph 32 of its report, the Board recommended that UNITAR account for income in compliance with the accounting policies set in the notes to its financial statements.

There should be close oversight over receipts from maritime operations. LISCR should be audited by a reputed international auditing firm without any further delay.

Income section 2

C. Revenue analysis

Revenue estimates

Revenue growth Increased operational efficiency High client satisfaction and Good governance and oversight.

(q) Other income

(e) Miscellaneous income

(Thousands of United States dollars)

After the first year of implementation, this rate is automatically adjusted annually using a predefined formula reflecting actual federal receipts in the previous fiscal year.

Appointed to the Board of Zambia Revenue Authority by the Minister of Finance, with the mandate to reform the tax laws of Zambia and bring them in line with a liberalized economy.

In the budget for the 2004 05 fiscal year, expenditures were estimated at 18.561 million, while local revenue was estimated at 5.843 million.

Miscellaneous income interest income

Table 3 Income Expenditure Forecast 2005

Other income and adjustments

Sample sources of revenue

Income and benefit payouts

Report on income

Income and expenditure projections

Table IS2.1 Summary by source of income

The Internal Revenue Service (IRS) is the revenue service of the United States federal government.

The decreases at the United Nations Office at Geneva reflect current income performance for the services rendered.

Noting that the Government of the Territory continues to have financial, budgetary and internal control problems, but that it has recently taken steps to increase revenues and decrease government expenditures,