“budget advance” mechanism

KokyS

Senior Member
arabic
Hi,
For grants provided through external financing, by decree issued in line with the PAL, where allocations may be treated as advances or contributions with differing accountability and reporting mechanisms as illustrated below. The “budget advance” mechanism has been assessed as onerous and slow, with multiple prior reviews – including by the CoA – and approvals during funding allocation, procurement and payment processing.
Could you help me please to understand "“budget advance” mechanism" concept?
Source: (RACE 2) PROGRAM - World bank
 
  • PaulQ

    Senior Member
    UK
    English - England
    In the original, does it say The budget advance mechanism or The budget advance mechanism?
     

    KokyS

    Senior Member
    arabic
    It's "budget advance" mechanism! Here are some more context:
    (a) The “budget advance” mechanism has been assessed as onerous and slow, with multiple prior reviews – including by the CoA – and approvals during funding allocation, procurement and payment processing. For the grant portion of Program financing, MEHE has expressed a preference for the “budget contribution” mechanism that does not require ex-ante reviews and clearances by the MoF Directorate of Expenditure.
     

    PaulQ

    Senior Member
    UK
    English - England
    Where there are quotation marks enclosing a word or phrase, that word or phrase is being used in a specialised sense of some sort. The word or phrase in quotation marks should have been explained earlier ( and at least, in context) unless it is a piece of jargon that the audience will already know.

    Given the multitude of possible meanings of "advance", and all the things that can happen to a budget, I find it impossible to say what the phrase means exactly. From your second extract, it appears that "budget advance" mechanism is something to do with approving the spending the budget on projects and items - but this is a guess.
     
    < Previous | Next >
    Top