Pakistan Federal Government : Public Financial Management and Accountability Assessment
This document reports on a Public Financial Management and Accountability Assessment (PFMAA) for the Federal Government of Pakistan (GoP). Measured against the six core Public Financial Management (PFM) objectives examined by the assessment, the as...
| Main Authors: | , , , , |
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| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/149341468086941808/Pakistan-Public-financial-management-and-accountability-assessment http://hdl.handle.net/10986/26816 |
| Summary: | This document reports on a Public
Financial Management and Accountability Assessment (PFMAA)
for the Federal Government of Pakistan (GoP). Measured
against the six core Public Financial Management (PFM)
objectives examined by the assessment, the assessment
indicates that there have been improvements in some areas in
recent years, which have served to improve general public
financial management. The last PEFAA for the Federal
Government was published in June 2009. Overall, the maximum
number of indicators remained unchanged. As PFM concerns the
efficiency and effectiveness of the use of public resources,
the interdependence of the components of the budget cycle
means that weaknesses in one part can adversely affect other
parts thereby constraining the achievement of better
budgetary outcomes; conversely, improvements in one area
which are not matched by corresponding changes in other
areas can undermine the initial reforms. The strengths and
weaknesses of Pakistan's public financial management
system found in the assessment have an impact on the three
measures of budget effectiveness-aggregate fiscal
discipline, allocates efficiency and efficient service
delivery. The GoP has a continuing agenda of PFM reform.
Current programs are focused on areas of weaknesses in PFM
administration that have been identified by the GoP and
development partners. Pakistan's prospects for reform
implementation should be regarded as positive considering
the impact of the reform programs so far which have made
visible contributions in improving budgeting, reporting and
external audit. The PEFA framework focuses on operational
performance of the key elements of the PFM system based on
evidence rather than on the inputs that enable the PFM
system to reach a certain level of performance. The PFMAA
assesses the extent to which the PFM system is an enabling
factor for achieving budgetary outcomes at the three levels
of aggregate fiscal discipline, strategic allocation of
resources and efficient service delivery. |
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