Bolivia - Public Financial Management Review, Based on the PEFA Methodology
The National Development Plan highlights the Bolivian Government's commitment to improving efficiency, transparency, and accountability in the use of public resources. Within that framework, the authorities of the Ministry of Economy and Publi...
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| Format: | Other Financial Sector Study |
| Language: | English |
| Published: |
World Bank
2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20110118233636 http://hdl.handle.net/10986/3206 |
| Summary: | The National Development Plan highlights
the Bolivian Government's commitment to improving
efficiency, transparency, and accountability in the use of
public resources. Within that framework, the authorities of
the Ministry of Economy and Public Finance (Ministerio de
Economia y Finanzas Publicas, or MEFP) expressed their
interest in conducting a public finance performance review
following the Public Expenditure and Financial
Accountability (PEFA) framework. Under this initiative the
MEFP conducted a self-assessment, Evaluacion de las Finanzas
Publicas (EFIP), at the beginning of 2008, which was then
updated in a second phase toward the end of the same year.
The purpose of this PEFA review is to provide the
Government, international donors, and other stakeholders
with an objective diagnosis of the performance of the PFM
systems, processes, and institutions, using 31 high-level
indicators taken from the PEFA reference framework. In
accordance with government requirement, the review focuses
on the central government's public expenditure and
revenues, which include central administration,
decentralized non-business institutions, and social security
entities, covering approximately 47 percent of the total
public sector expenditure. This scope excludes the
sub-national level, prefectures and municipalities, and
state-owned companies (financial and non-financial) although
the transfers to these institutions by the central
government are considered for certain indicators. |
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