Maldives; Action Plan for PFM Reforms Based on PEFA Assessment

This report discusses the Action Plan for Public Financial Management (PFM) Reforms Based on PEFA Assessment for the Maldives. The purpose of the action plan is to help prioritize efforts in light of scarce resources. The recently completed Public Expenditure and Financial Accountability (PEFA) assessment indicates significant weaknesses in the PFM. Budget credibility is low, although the budget is comprehensive. Budget execution, control, procurement, accounting, and reporting are weak. External audit and legislative oversight has been lacking. Improvements are under way in many areas.

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Year of publication:	2010-05-20
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Budgets \| Financial management \| Fiscal reforms \| Public finance \| Risk management \| internal audit \| fiscal risks \| fiscal responsibility \| pfm system \| fiscal consolidation \| external audit \| medium-term budget \| fiscal risk \| budget reporting \| fiscal responsibility framework \| fiscal information \| fiscal responsibility law \| fiscal policies \| public financial management \| fiscal policy \| budget support \| fiscal reporting \| annual budget \| medium-term fiscal framework \| budget department \| budget process \| fiscal data \| budget execution \| budget law \| budget outturn \| budget deficits \| fiscal affairs department \| budget estimates \| fiscal situation \| fiscal affairs \| fiscal planning \| medium-term budget framework \| fiscal reports \| treasury single account \| expenditure increases \| fiscal aggregates \| pfm systems \| fiscal stance \| taxpayer registration \| budget preparation \| budget structure \| budget system \| budget outturns \| governmental fiscal relations \| budgetary flows \| fiscal developments \| fiscal rules \| public expenditure \| budget documentation \| internal control \| public spending \| fiscal framework \| fiscal frameworks \| revenue projections \| credible budget \| government accounts \| fiscal outlook \| budget office \| budget credibility \| expenditure policy \| tax payments \| reduction in public spending \| government guarantees \| medium-term fiscal frameworks \| aggregate fiscal \| budget framework \| fiscal relations \| annual budget process \| tax reforms

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 10/138 2 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011242939