Lao People's Democratic Republic Public Expenditure and Financial Accountability Assessment
Efficient utilization of overall resources through sound public financial management (PFM), good governance and oversight are priorities in the Lao PDR government’s reform agenda. The strengthening of PFM systems is fundamental to the successful de...
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| Format: | Report |
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World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/381331570112334366/Lao-Peoples-Democratic-Republic-Public-Expenditure-and-Financial-Accountability-PEFA-Assessment http://hdl.handle.net/10986/32505 |
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okr-10986-325052021-05-25T09:28:08Z Lao People's Democratic Republic Public Expenditure and Financial Accountability Assessment World Bank TAX POLICY TAX ADMINISTRATION BUDGET EXECUTION FINANCIAL OVERSIGHT FISCAL POLICY PUBLIC FINANCIAL MANAGEMENT ACCOUNTABILITY GOVERNANCE PUBLIC EXPENDITURE PUBLIC FINANCE TRANSPARENCY AUDITING ACCOUNTING PUBLIC SECTOR REFORM Efficient utilization of overall resources through sound public financial management (PFM), good governance and oversight are priorities in the Lao PDR government’s reform agenda. The strengthening of PFM systems is fundamental to the successful development of Lao PDR and has been center stage in the Government’s policy agenda. There has been slow progress since 2010 in strengthening the quality of PFM systems and processes and there has also been a pause in the PFM reform agenda since 2013. This Public Expenditure and Financial Accountability (PEFA) Lao PDR 2018 is intended to assess the current state of PFM in Lao PDR. This PEFA uses the upgraded 2016 methodology that has more demanding PFM standards with new calibration and scoring criteria. While it is expected that the assessment generates relatively low scores and reveal severe PFM performance gaps. The Government expects that the narrative will also highlight the area of ongoing or planned reform action in order to link the analysis to the existing areas of the new PFM reform agenda and to support the post-PEFA dialogue on the priorities and sequencing of the reform actions. this context, the GoL agreed at the end of 2016 to carry out a PEFA self-assessment managed by the WB and financed by the EU, to establish a diagnostic study of the PFM system using the PEFA 2016 methodology. It is expected that the PEFA exercise gives further impetus to the momentum created by the launch of the PFM reform agenda, mobilizing the participating institutions on the subsequent dialogue on PFM reform policy decisions. The overall objective of the PEFA assessment is to provide a baseline with an evidence-based PFM performance assessment to guide the Government’s PFM reform strategy and potential engagement with its development partners in further strengthening PFM in the country. 2019-10-07T19:56:17Z 2019-10-07T19:56:17Z 2019-03-27 Report http://documents.worldbank.org/curated/en/381331570112334366/Lao-Peoples-Democratic-Republic-Public-Expenditure-and-Financial-Accountability-PEFA-Assessment http://hdl.handle.net/10986/32505 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Country Financial Accountability Assessment East Asia and Pacific Lao People's Democratic Republic |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
TAX POLICY TAX ADMINISTRATION BUDGET EXECUTION FINANCIAL OVERSIGHT FISCAL POLICY PUBLIC FINANCIAL MANAGEMENT ACCOUNTABILITY GOVERNANCE PUBLIC EXPENDITURE PUBLIC FINANCE TRANSPARENCY AUDITING ACCOUNTING PUBLIC SECTOR REFORM |
| spellingShingle |
TAX POLICY TAX ADMINISTRATION BUDGET EXECUTION FINANCIAL OVERSIGHT FISCAL POLICY PUBLIC FINANCIAL MANAGEMENT ACCOUNTABILITY GOVERNANCE PUBLIC EXPENDITURE PUBLIC FINANCE TRANSPARENCY AUDITING ACCOUNTING PUBLIC SECTOR REFORM World Bank Lao People's Democratic Republic Public Expenditure and Financial Accountability Assessment |
| geographic_facet |
East Asia and Pacific Lao People's Democratic Republic |
| description |
Efficient utilization of overall
resources through sound public financial management (PFM),
good governance and oversight are priorities in the Lao PDR
government’s reform agenda. The strengthening of PFM systems
is fundamental to the successful development of Lao PDR and
has been center stage in the Government’s policy agenda.
There has been slow progress since 2010 in strengthening the
quality of PFM systems and processes and there has also been
a pause in the PFM reform agenda since 2013. This Public
Expenditure and Financial Accountability (PEFA) Lao PDR 2018
is intended to assess the current state of PFM in Lao PDR.
This PEFA uses the upgraded 2016 methodology that has more
demanding PFM standards with new calibration and scoring
criteria. While it is expected that the assessment generates
relatively low scores and reveal severe PFM performance
gaps. The Government expects that the narrative will also
highlight the area of ongoing or planned reform action in
order to link the analysis to the existing areas of the new
PFM reform agenda and to support the post-PEFA dialogue on
the priorities and sequencing of the reform actions. this
context, the GoL agreed at the end of 2016 to carry out a
PEFA self-assessment managed by the WB and financed by the
EU, to establish a diagnostic study of the PFM system using
the PEFA 2016 methodology. It is expected that the PEFA
exercise gives further impetus to the momentum created by
the launch of the PFM reform agenda, mobilizing the
participating institutions on the subsequent dialogue on PFM
reform policy decisions. The overall objective of the PEFA
assessment is to provide a baseline with an evidence-based
PFM performance assessment to guide the Government’s PFM
reform strategy and potential engagement with its
development partners in further strengthening PFM in the country. |
| format |
Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Lao People's Democratic Republic Public Expenditure and Financial Accountability Assessment |
| title_short |
Lao People's Democratic Republic Public Expenditure and Financial Accountability Assessment |
| title_full |
Lao People's Democratic Republic Public Expenditure and Financial Accountability Assessment |
| title_fullStr |
Lao People's Democratic Republic Public Expenditure and Financial Accountability Assessment |
| title_full_unstemmed |
Lao People's Democratic Republic Public Expenditure and Financial Accountability Assessment |
| title_sort |
lao people's democratic republic public expenditure and financial accountability assessment |
| publisher |
World Bank, Washington, DC |
| publishDate |
2019 |
| url |
http://documents.worldbank.org/curated/en/381331570112334366/Lao-Peoples-Democratic-Republic-Public-Expenditure-and-Financial-Accountability-PEFA-Assessment http://hdl.handle.net/10986/32505 |
| _version_ |
1764476680807645184 |