• Budget reliability
  • Transparency of public finances
  • Management of assets and liabilities
  • Policy-based fiscal strategy and budgeting
  • Predictability and control in budget execution
  • Accounting and reporting
  • External scrutiny and audit

Public Expenditure and Financial Accountability (PEFA) is a tool for assessing the status of public financial management. A PEFA assessment provides a thorough, consistent and evidence-based analysis of PFM performance at a specific point in time. The PEFA methodology can be reapplied in successive assessments to track changes over time.

Assessments

  • 612 PEFA Assessments Worldwide
  • 22 Planned Assessments
  • 382 Publicly Accessible Assessments

Quick Search

Find an assessment by region or country

Announcements

The PEFA Secretariat has strengthened the existing requirements for quality assurance and introduced quality index thresholds on both (i) the extent to which report coverage complies with the recommended structure and format set out in PEFA 2016; and (ii) the extent to which indicator and dimension scores and supporting narrative comply with PEFA 2016 measurement guidance and evidence requirement. 

User Guidance

Are you considering a PEFA assessment? Do you have questions about the process?

The PEFA Handbook is the primary source for user guidance materials for managers, assessors and other stakeholders on PEFA 2016.

PEFA News

The Better Cities Better World is a Handbook for Local Government Self-Assessment which constitutes a follow-up product to Municipal Finances, A Handbook for Local Government published in 2014: https://openknowledge.worldbank.org/handle/10986/18725

The Municipal Finance Handbook set the stage for the fundamentals of sound local governments finances. The Handbook for Local Government Self-Assessment further aims to provide a bottom line framework for diagnosis and self-assessment with a strong link to action and policy reform. It outlines a grid for analysis, a framework for policy dialogue, and a common language which, helps connect the dots between investments programming (urban audit/self-assessment) and financing (municipal finances self-assessment).

Events

PEFA hosts a variety of conferences, workshops, and trainings throughout the year. Check back for upcoming events.

Research & Impact

This book examines the interplay between public financial management (PFM) and other key aspects of governance in low- and middle-income countries, using the Public Expenditure and Financial Accountability (PEFA) framework and related data sets to measure the quality of PFM systems. The PEFA framework was developed on the premise that effective PFM institutions and systems play a crucial role in the implementation of national policies for development and poverty reduction. It is part of a broader set of initiatives aimed at strengthening public sector governance frameworks.