PEFA

Question 1

Explain the objective of pefa in public sector entities.

Answer 1

The objective of PEFA is to provide an evident base assessment of the public financial management performance based on the indicator analysis and other coherent information in a concise and standardized manner.

In other words, the objective of PEFA helps to provide an assessment of the implications for the overall system performance and desirable public financial management outcomes.

Question 2

Explain 4 four uses of the PEFA Report to the public sector entities.m

Answer 2

1. It helps government to obtain snapshot of it’s own performance.
2. It offers a common basis for examining the public financial management performance across national and subnationals government.
3. It provides support, monitoring and analysis of the assessment of the PEFA.
4. It assist government and users of the information to have a quick overview of the strengths and weaknesses of the country’s PFM performance.
5. It also helps users to appreciate the

Question 3

Explain the sources of information for the PEFA Report.

Answer 3

1. Legislation
   PFM act, PFM regulations, procurement act, etc
2. Reports and statistics
   It helps in order implementation of the key goals of PEFA in results of the fiscal policy discipline, strategic resources allocation and effective service delivery.
3. Budget documents
4. General purpose financial statements

5.