The note supplements a comprehensive paper “Optimizing the Unified Chart of Accounts Design: Tips for Public Financial Management Practitioners” published by the TCOP in 2020. This new note uses the example of the COVID-19 pandemic and takes forward the discussion on additional government reporting needs when existing classifications do not capture the required information.
The objective of the note is to document country solutions to such reporting needs and discuss their pros and cons. The note has been informed by actual country experiences among PEMPAL member countries and beyond (including the approaches presented during the 2021 Virtual TCOP Plenary Meeting).
The note is not an official World Bank document and does not represent the official views of the World Bank, rather it is designed to be a practical tool including examples and tips for public financial management officials to consider.