Serbia Public Expenditure and Financial Accountability Performance Report : Repeat Assessment
A Public Expenditure and Financial accountability (PEFA) repeat assessment was conducted in the Republic of Serbia (RoS) between November 2014 and May 2015 by an independent team of experts, led by the World Bank (WB). The assessment was financed j...
| Main Author: | |
|---|---|
| Format: | Report |
| Language: | English en_US |
| Published: |
Washington, DC
2016
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2015/06/26386084/serbia-public-expenditure-financial-accountability-pefa-performance-report-repeat-assessment http://hdl.handle.net/10986/24788 |
| Summary: | A Public Expenditure and Financial
accountability (PEFA) repeat assessment was conducted in the
Republic of Serbia (RoS) between November 2014 and May 2015
by an independent team of experts, led by the World Bank
(WB). The assessment was financed jointly by the
Strengthening of Accountability and the Fiduciary
Environment (SAFE) Trust Fund of the Swiss State Secretariat
for Economic Affairs (SECO), the European Union Delegation
to Serbia (EU Delegation) and WB. The period covered by this
Assessment (2011-2013) was dominated by the challenges posed
by the aftermath of the global economic recession which
affected macro-fiscal performances. Notwithstanding these
challenges PFM improvements can be observed in strengthening
legislative framework, and Budget classification, multi-year
fiscal planning, procurement and external audit. In other
areas such as the composition of expenditure out-turn
compared with originally approved budget, expenditures
arrears, oversight of fiscal risk, and effectiveness of tax
collection, predictability in the availability of funds,
application of public sector accounting standards
application and legislative scrutiny of annual budget law
and final accounts, further work is needed to improve PFM performance. |
|---|