Special Report on
Pfm Performance Measurement Framework
Pfm Performance Measurement Framework - Trends
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This request should be seen in the overall economic and financial context of the Maldives’ economy at that time. While the economy continued to grow after the 2004 Tsunami, so did domestically financed expenditure, but at a much more rapid pace. By 2008, spending growth had resulted in a significant fiscal imbalance. To continue accommodating the desirable developmental and investment expenditure, there was a need not only to scale back current spending, but also to make overall spending more efficient. At this time, FAD was already providing technical assistance to the Maldives on integrated financial information systems. Other ...
Assessments based on the Public Financial Management (PFM) Performance Measurement Framework, developed by the Public Expenditure and Financial Accountability (PEFA) initiative, provide detailed accounts of the performance of PFM systems along various dimensions. A recent working paper published by the Overseas Development Institute ( http://www.odi.org.uk/resources/download/3333.pdf ) brings together the results of 57 PEFA assessments completed until August 2007. It looks at comparative cross-country PFM performance, overall and across the different budget dimensions defined by the PEFA ... Read More