PEFA Assessment (Select PI’s). Udaya Pant IMF’s PFM Advisor, Nepal. In This session. General (may skip if required) PI-5-10 PEFA assessment issues (Comprehensiveness and transparency) Ground Situation in Nepal. PEFA . PEFA is a global initiative to improve Public Expenditure Management.
IMF’s PFM Advisor, Nepal
(Comprehensiveness and transparency)
The goals of the PEFA Program are to strengthen recipient and donor ability to :
Public Financial Management Reform Program (PFMRP)
Against the six core dimensions of PFM performance, the set of high level indicators measures the operational performance of the key elements of the PFM systems, process and institutions of a country.
The selected 28 indicators for the country’s PFM system are structured into three categories:
In addition to the indicators of country PFM performance, this framework also includes
C. Budget Cycle
D. Donor Practices
Policy Based budgeting
A. PFM Out-turns
B. Cross-cutting features
Predictability and control in Budget Execution
External scrutiny and audit
Comprehensiveness and Transparency
Accounting, Recording, Reporting
These capture the comprehensiveness and transparency of the PFM across the whole of the budget
(our concern for this session PI 5 to 10)
1. Is budget formulation & execution based on administrative, economic & functional classification?
2. If not, what types of classification are not possible?
3. Is any economic classification compatible with GFS (1986 or 2001 manuals)?
4. Is any functional classification compatible with UN-COFOG to main function level, or to sub-function level, or to program level?
PI 8: Dimension (i) Transparent and rules based systems in the horizontal allocation among SN governments of unconditional and conditional transfers from central government (both budgeted and actual allocations)
P8:Dimension (iii) Extent to which consolidated fiscal data (at least on revenue and expenditure) is collected and reported for general government according to sectoral categories
Ground Situation on select Items
Putting such organizations or funds “on budget” does not necessarily mean that all expenditures would become subject to parliamentary appropriation or that autonomous agencies would lose their financial autonomy
Components of Fiscal Risks Statement