The Republic of Sierra Leone : Public Financial Management Performance Assessment Report
This assessment finds that the government of Sierra Leone has supplemented the improved legislative framework by establishing the National Revenue Authority and internal audit units. Procedural innovations were put into place for budget planning an...
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| Format: | Other Financial Accountability Study |
| Language: | English en_US |
| Published: |
Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2010/12/16324722/sierra-leone-public-financial-management-performance-assessment-report http://hdl.handle.net/10986/13061 |
| Summary: | This assessment finds that the
government of Sierra Leone has supplemented the improved
legislative framework by establishing the National Revenue
Authority and internal audit units. Procedural innovations
were put into place for budget planning and monitoring. In
addition, a new Integrated Financial Management and
Information System (IFMIS) has replaced the old,
unsustainable Financial Management and Accounting System
(FMAS). Weaknesses included lack of budget credibility and
predictability, fiscal management challenges, weaknesses in
expenditure control (including payroll), and low levels of
transparency. The Government considered that much remained
to be done to move the system to a level that is capable of
directing resources to priority areas and support high
quality expenditure outcomes. This Public Expenditure and
Financial Accountability (PEFA) progress report represents
the most recent independent assessment. |
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