Bhutan Public Financial Management Performance Report : Based on Public Expenditure and Financial Accountability 2016 Framework
The Royal Government of Bhutan (RGoB) places high priority on good governance, and sound public financial management is one of the key elements of good governance. Over the past decade, Bhutan has been making steady progress in strengthening public...
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| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/535311479288163001/Bhutan-Public-financial-management-performance-report http://hdl.handle.net/10986/25722 |
| Summary: | The Royal Government of Bhutan (RGoB)
places high priority on good governance, and sound public
financial management is one of the key elements of good
governance. Over the past decade, Bhutan has been making
steady progress in strengthening public financial management
covering budget preparation, budget execution, control,
reporting and oversight. There is increased legislative
oversight on budget approval through a Finance Committee and
of audit reports through a Public Accounts Committee. As in
other countries, the public at large has become more
demanding in terms of transparent and efficient government.
The purpose of the assessment of the Public Financial
Management (PFM) performance of the Royal Government of
Bhutan (RGoB) was threefold: (i) to assess the quality
(strengths and weaknesses) of PFM in the country against
generally accepted international standards; (ii) to assess
progress since the last Public Expenditure and Financial
Accountability (PEFA) assessment in 2010, and (iii) to
provide RGoB and other stakeholders with a common source of
information as a basis for further dialogue on PFM reforms.
This assessment was carried out under the approach of full
ownership by RGoB and self-assessment by its officials, with
technical support from World Bank and International Monetary
Fund (IMF). |
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