Why To Rent A Condo While Vacationing In Waikiki Versus Staying At A Hotel

The Hawaii islands are one of the most exquisite vacation spots in the entire world, and a vacation here is a dream come true for many.These things can ruin a vacation, and your mood.

If you plan on taking a vacation to Hawaii,Guest Posting have you considered condo rentals or vacation rentals instead of paying high prices for the impersonal sterile atmosphere that most hotels have? Using vacation rentals, including condo rentals, for your Hawaiian vacation just makes sense when you examine all the aspects and benefits. You will get more privacy, personal surroundings, all the amenities as home, and much more. Plus the added benefit of all this situated right in the heart of a tropical paradise.

The Hawaii islands are one of the most exquisite vacation spots in the entire world, and a vacation here is a dream come true for many. Staying in a hotel may seem convenient, but when you look at all of the facts it is not. There are neighbors right on the other side of what may be a paper thin wall, so anything you say or do may be overheard. A motel room is small, and usually only contains a bed or two, maybe a small table and a couple of chairs, and a dresser and television if you are lucky. A suite price will depend on the specific hotel, but these may cost hundreds, or even thousands, of dollars a night. In comparison, condo rentals and vacation rentals allow you to have an entire condo or home at your disposal for a lot less.

A vacation rental can offer seclusion and privacy that you just can not get at almost any hotel. This is great for anyone on vacation, and especially couples on a romantic getaway or honeymoon. What better way to enjoy the glorious Hawaiian sunset or sunrise than from the balcony of your very own condo rental, with all the privacy and quiet that you could ask for? A vacation is a time of relaxation, and this can be hard to do when the couple in the next room over is having a screaming fight, or the guy across the hall is drunk and you can hear him getting sick. These things can ruin a vacation, and your mood. Instead find a great place using condo rentals and vacation rentals. You are sure to get a vacation experience that you enjoy, one that is unforgettable.

Condo rentals and vacation rentals in Hawaii can be found almost everywhere on all the islands. Whether you want to be near the ocean, see the Kilauea volcano from your rental residence, or just have a secluded home or apartment where you will not be bothered during your vacation, you can find it on these tropical islands. Enjoy the lush tropical foliage, the exquisite wildlife and marine animals, and all the beauty you can take on your visit to the islands. Hawaii is a paradise, and finding great condo rentals and vacation rentals can help you relax and enjoy your vacation even more, without any problems or distractions. Renting a home or condo for your Hawaii vacation makes much better sense than staying in a hotel, for many reasons including a lower cost and more privacy.

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The importance of Public Finance Management to Development

In response to the Paris Declaration (2005) and the Accra Agenda (2008) leading to commitments for donors to channel more of their aid to developing countries through country systems,Guest Posting there has been a growing shift away from program and project aid – typically managed or overseen directly by the contributing development partner – to budget support where aid is channeled directly through the developing country treasury’s consolidated revenue fund account. As one might expect, as a consequence of this growing shift to budget support there has been a corresponding increase in donor focus on the performance of Public Finance Management in the countries that receive budget support. This is as should be, given the increased real or perceived fiduciary risks associated with the use of country systems to manage the hard earned taxes of the citizens of development partner countries.

But this is only one side of the story. Unfortunately there is not yet that much interest or appreciation in the other side of the story. On the other side of the story are the citizens of the developing countries who may suffer as a consequence of tinkering with Public Finance Management systems in the name of reform, which may only serve to undermine current weak systems and set them back even further. Public Finance Management seems inaccessible to most of us. Even where it is accessible to us we deem it to be boring, inconsequential and something only dreary accountants and auditors need bother about. But think, Public Finance Management is about our money, it is about our children’s future, it is about our development.
The importance of Public Finance Management and its reform derives as a consequence of its direct role in implementing policy – be it about improving education, achieving better health care, promoting tourism, or increasing agricultural yields. With weak Public Finance Management systems, even where policy makers come up with sound policy, it may not be possible to implement such policy effectively. Further, quite uniquely Public Finance Management performance affects the performance of all other sectors – yes the macroeconomic environment and so private sector opportunity and the service delivery in agriculture, health, education, transport, energy, public safety and the list goes on. When it works, all other sectors have a chance of succeeding; but when Public Finance Management fails all other sectors fail.

We as citizens of developing countries ought to be more concerned about who drives the agenda for Public Finance Management reform. Is it the IMF, as it imposes Public Finance Management Reform conditionalities that are not just tied to strengthening or improving budgetary systems, but are tied specifically to the adoption of particular reform approaches – despite such approaches having in some instances failed in more than one country. Is it the World Bank as it makes the adoption of integrated financial management information systems (IFMIS) the basis for support in reforming the Public Finance Management systems? Or is it the result of wide internal debate and consideration by the country citizenry influencing their elected leaders to address the basic things that they know do not work using approaches that are within the reach of our capacity rather than adopt reform methods that may not yet be appropriate to our circumstances?

This donor interest in improving Public Finance Management performance has led to immense pressure on countries to adopt new public management approaches. These have included (1) medium term expenditure frameworks (MTEF) often pushed to be implemented long before a country may have developed the capacity to make credible their annual budgets and even as developing partners themselves continue to struggle with their capability to disburse funds predictably in-year, more so as measured in a medium term perspective; or (2) the use of policy based budgeting such as program and activity based budgeting long before they have the institutional capacity to effectively coordinate programs, develop the fiscal space for meaningful policy consideration, or access the monitoring data to properly evaluate policy outcomes; or (3) the adoption of integrated financial management information systems (IFMIS) to manage expenditure which occurs across as many as thousands of spending units many of which still struggle with issues of staff retention, electricity supply or integration into a national financial administrative network. The challenges of managing at the level of spending units under an IFMIS implementation has led to a roll out strategy limited to treasuries (payment centres). Control over payments is often too late to impact on the accrual of expenditure arrears which can have important detrimental macroeconomic stability impacts; or (4) full accrual accounting even as financial reports based upon a cash accounting standard are not comprehensive, show signs of low data integrity and are issued late. A review of country experience across many developing countries who have adopted the new program management approaches in their Public Finance management reforms shows that these efforts have often not been successful by any reasonable measure.

The primary reason for this widespread Public Finance Management reform failure is often attributed to political economy considerations by developing partners – poor governance, high levels of corruption and the like. Of course that is part of the equation, but in contrast it is striking that there are cases of dramatic success of particular elements of Public Finance Management reform in such areas as debt management, certain aspects of revenue administration and public procurement in even what are considered the most corrupt developing countries. Is the political economy focus just another way of suggesting that the poor success record of many of these new public management approaches is solely the responsibility of the developing countries and has little to do with the immense influence that the donor community has had over in setting the Public Finance Management reform agenda?

Clearly, it is time to recognise that considerations of the different sides of the question as to what reform methods to adopt or whether Public Finance Management is , or should be, driven principally by the disbursement conditionalities set by donors; or arrived at through much wider debate and careful consideration by the citizenry and leadership of developing countries might lead to quite different conclusions. The consequence of wider discussion between developing country actors could lead to a more balanced, realistic, relevant and ultimately effective approach to Public Finance Management reform in developing countries.

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