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Public Expenditure and Financial Accountability( PEFA ) Framework and Indicators. If you could not measure yourself, you cannot not reform you. by Babu Ram Subedi. What does it mean?. What is PEFA Framework?.
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Public Expenditure and Financial Accountability(PEFA) Framework and Indicators If you could not measure yourself, you cannot not reform you. by Babu Ram Subedi
What is PEFA Framework? • PEFA is a framework to assess country PFM performance against 28+3 indicators • A PFM Performance Measurement Framework • Assesses country PFM performance • Assessed What? PFM system, Process and Institutions More than 300 assessments done worldwide Nepal: PEFA Assessment 2008
Why PEFA Assessment? To Support PFM Results: • Aggregate Fiscal discipline • Strategic resource allocation • Efficient use of resources for service delivery
There are 31 indicators for PEFA assessment: • 28 for assessing country system • 3 for assessing donor practices • PEFA/ PFM Indictors are the tools that is used to measure and indicate the actual performance in Public Financial Management PEFA Indicators
B scores: Represent a level of performance ranging from good to fair by international standards C scores: Represent a level of performance ranging from fair to poor D scores: Indicate that a process or procedure does not exist at all of that is not functioning effectively