Maldives: Action Plan for PFM Reforms Based on PEFA Assessment

May 20, 2010

Preview Citation

Format: Chicago

Maldives: Action Plan for PFM Reforms Based on PEFA Assessment, (USA: International Monetary Fund, 2010) accessed September 19, 2024

Summary

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.

Subject: Budget planning and preparation, Fiscal accounting and reporting, Fiscal risks, Internal audit, Public financial management (PFM)

Keywords: Budget planning and preparation, CR, Fiscal accounting and reporting, Fiscal risks, Government, Government staff, Internal audit, ISCR, Management, MMA, Oversight mechanism, PFM, PFM action plan, PFM reform, PFM system, Reform committee, Reform strategy, The MOFT

Publication Details

Pages:

23
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/138
Stock No:

1MDVEA2010003
ISBN:

9781455207343
ISSN:

1934-7685

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