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PUBLIC DEBT WORKING GROUP
Introduction | Terms of Reference | Strategic Plan
2007 - 2012
| Members


Background



During the 2006 WGPD meeting, held in Buenos Aires, Argentina, it was agreed to develop a WGPD Strategic Plan, bearing in mind that such tool was relevant for helping the Working Group members anticipate, face, and analyze the overall public debt problem around the world, and develop proposals for dealing with it.

Therefore, during this meeting a proposal was floored to all members in order to integrate a group of SAIs in charge of preparing the WGPD long-term strategic plan, which should include vision, mission, objectives as well as medium and long term goals. This volunteered group was integrated by the UK National Audit Office, the Office of the Auditor General of Canada, the Office of the Auditor-General of Fiji Islands and the Superior Audit Office of Mexico.

A first draft was prepared by the WGPD Chair, who disseminated it among the SAIs of the United Kingdom, Canada and Fiji, who then submitted their feedback for improvement. Subsequently, with the SAI of Canada's leadership, a final draft was prepared considering a timeframe of five years (2007 - 2012), which was presented to all WGPD members during its annual meeting held in Lisbon, Portugal in June 2007 for their consideration.

During the Lisbon meeting, certain adjustments were suggested to the WGPD Strategic Plan, whose final version was disseminated in September 2007 to all WGPD members and finally presented to the INTOSAI community during the XIX INCOSAI, held in Mexico City in November 2007.

In response to a request from the Chair of Goal 3 Steering Committee, one of the WGPD's current projects is the updating of its Strategic Plan, so as to meet that of INTOSAI. The WGPD is expected to develop a strategic plan for the period 2011-2016, as the one currently developed by the INTOSAI Direction of Strategic Planning. The project will be presented for comments during the 2009 meeting, in Kyiv, Ukraine, and will be further developed by the SAIs of Fiji, United Kingdom, Mexico and Canada (leader), with special collaboration from the INTOSAI Development Initiative.



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Relevance of the INTOSAI Strategic Planning

In accordance to the INTOSAI Strategic Plan 2005 - 2010 (endorsed by the XVIII INCOSAI in Budapest in 2004), the Working Group on Public Debt's mandate falls within the structure of INTOSAI Goal 3, "Knowledge Sharing", which is defined as to "encourage SAI cooperation, collaboration and continuous improvement through knowledge sharing, including providing benchmarks, conducting best practices studies and performing research on issues of mutual interest and concern". Therefore, this INTOSAI document was used as a guide when designing the WGPD Strategic Plan 2007 - 2012, so that the WGPD goals might be achieved taking into consideration INTOSAI strategic planning.

In 2012, the Working Group, through the SAIs of Austria, Lithuania, Mexico, Portugal and the INTOSAI Development Initiative (IDI) collaborated in the revision of this instance´s Strategic Plan by recommendation of the Steering Committee Chair of the INTOSAI Goal 3: Knowledge Sharing Committee. Their work confirmed the Strategic Plan validity, so it was agreed that its time frame would be extended until 2016 as a way that the next Strategic Plan would be adjusted to the INTOSAI´s for the 2017-2022 period.

For the updating of the current WGPD Strategic Plan, the subgroup responsible for this project will take into account the INTOSAI's Strategic Plan 2017-2022.



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The WGPD Strategic Plan at a Glance

The purpose of the WGPD Strategic Plan is to support the increasing demands and expectations faced by the SAI community when auditing public debt issues and influencing debt management practices. It is an ambitious strategic plan that will guide the WGPD activities in the years ahead.

The strategic plan lists a series of activities that the Working Group should undertake in order to become the "champion" of public debt auditing issues and promote sound debt management practices for the supreme audit institutions (SAIs) community during the 2007 - 12 period.

The strategic plan contains the Working Group's Mission Statement, which defines its business and purpose-that is, what the Working Group expects to accomplish. It is followed by the Vision Statement, which describes what should be accomplished once the mission is achieved-that is, the outcome. Finally, the strategic plan includes two strategic goals that will support the mission and vision statements:

  • capacity building and enhancing SAI expertise, and
  • strengthening the Working Group's capabilities and measuring its impact.

The plan also includes a description of specific activities that will support the achievement of these two goals over the next five years.

For further information, please read the attached WGPD Strategic Plan.

                                                                                

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