Bhutan Public Financial Management Performance Report : Based on Public Expenditure and Financial Accountability 2016 Framework

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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Main Author: World Bank Group
Format: Report
Language:English
en_US
Published: World Bank, Washington, DC 2016
Subjects:
fiscal trends
regulation
budget transparency
public financial management
accounting
auditing
budget execution
government reforms
local government
Online Access:http://documents.worldbank.org/curated/en/535311479288163001/Bhutan-Public-financial-management-performance-report
http://hdl.handle.net/10986/25722
id okr-10986-25722
recordtype oai_dc
spelling okr-10986-257222021-05-25T08:55:59Z Bhutan Public Financial Management Performance Report : Based on Public Expenditure and Financial Accountability 2016 Framework World Bank Group fiscal trends regulation budget transparency public financial management accounting auditing budget execution government reforms local government 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). 2016-12-12T23:26:50Z 2016-12-12T23:26:50Z 2016-09 Report http://documents.worldbank.org/curated/en/535311479288163001/Bhutan-Public-financial-management-performance-report http://hdl.handle.net/10986/25722 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Country Financial Accountability Assessment South Asia Bhutan
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic fiscal trends
regulation
budget transparency
public financial management
accounting
auditing
budget execution
government reforms
local government
spellingShingle fiscal trends
regulation
budget transparency
public financial management
accounting
auditing
budget execution
government reforms
local government
World Bank Group
Bhutan Public Financial Management Performance Report : Based on Public Expenditure and Financial Accountability 2016 Framework
geographic_facet South Asia
Bhutan
description 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).
format Report
author World Bank Group
author_facet World Bank Group
author_sort World Bank Group
title Bhutan Public Financial Management Performance Report : Based on Public Expenditure and Financial Accountability 2016 Framework
title_short Bhutan Public Financial Management Performance Report : Based on Public Expenditure and Financial Accountability 2016 Framework
title_full Bhutan Public Financial Management Performance Report : Based on Public Expenditure and Financial Accountability 2016 Framework
title_fullStr Bhutan Public Financial Management Performance Report : Based on Public Expenditure and Financial Accountability 2016 Framework
title_full_unstemmed Bhutan Public Financial Management Performance Report : Based on Public Expenditure and Financial Accountability 2016 Framework
title_sort bhutan public financial management performance report : based on public expenditure and financial accountability 2016 framework
publisher World Bank, Washington, DC
publishDate 2016
url http://documents.worldbank.org/curated/en/535311479288163001/Bhutan-Public-financial-management-performance-report
http://hdl.handle.net/10986/25722
_version_ 1764459987995721728

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