Report

Lao People's Democratic Republic Public Expenditure and Financial Accountability Assessment

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collection.link.56
https://openknowledge.worldbank.org/handle/10986/2164
collection.name.56
Country Financial Accountability Assessment
dc.contributor.author
World Bank
dc.date.accessioned
2019-10-07T19:56:17Z
dc.date.available
2019-10-07T19:56:17Z
dc.date.issued
2019-03-27
dc.date.lastModified
2020-10-28T10:03:47Z
dc.description.abstract
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.
en
dc.identifier
http://documents.worldbank.org/curated/en/381331570112334366/Lao-Peoples-Democratic-Republic-Public-Expenditure-and-Financial-Accountability-PEFA-Assessment
dc.identifier.uri
http://hdl.handle.net/10986/32505
dc.language
English
dc.publisher
World Bank, Washington, DC
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
TAX POLICY
dc.subject
TAX ADMINISTRATION
dc.subject
BUDGET EXECUTION
dc.subject
FINANCIAL OVERSIGHT
dc.subject
FISCAL POLICY
dc.subject
PUBLIC FINANCIAL MANAGEMENT
dc.subject
ACCOUNTABILITY
dc.subject
GOVERNANCE
dc.subject
PUBLIC EXPENDITURE
dc.subject
PUBLIC FINANCE
dc.subject
TRANSPARENCY
dc.subject
AUDITING
dc.subject
ACCOUNTING
dc.subject
PUBLIC SECTOR REFORM
dc.title
Lao People's Democratic Republic Public Expenditure and Financial Accountability Assessment
en
dc.type
Report
en
okr.crossref.title
Lao People's Democratic Republic Public Expenditure and Financial Accountability Assessment
okr.date.disclosure
2019-10-03
okr.doctype
Economic & Sector Work
okr.doctype
Economic & Sector Work :: Country Financial Accountability Assessment
okr.docurl
http://documents.worldbank.org/curated/en/381331570112334366/Lao-Peoples-Democratic-Republic-Public-Expenditure-and-Financial-Accountability-PEFA-Assessment
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
090224b086afe53d_1_0
okr.identifier.internaldocumentum
30938581
okr.identifier.report
AUS0000591
okr.imported
true
en
okr.language.supported
en
okr.pdfurl
http://documents.worldbank.org/curated/en/381331570112334366/pdf/Lao-Peoples-Democratic-Republic-Public-Expenditure-and-Financial-Accountability-PEFA-Assessment.pdf
en
okr.region.administrative
East Asia and Pacific
okr.region.country
Lao People's Democratic Republic
okr.topic
Public Sector Development :: Public Financial Management
okr.topic
Public Sector Development :: Public Sector Expenditure Policy
okr.topic
Public Sector Development :: Public Sector Management and Reform
okr.topic
Governance :: Governance and the Financial Sector
okr.unit
EFI-EAP-GOV-FM & PS-2 (EEAG2)

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