• 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.


  • 592 PEFA Assessments Worldwide
  • 19 Planned Assessments
  • 362 Publicly Accessible Assessments

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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.


The Chartered Institute of Public Finance and Accountancy (CIPFA) organized an international conference in Abu Dhabi on September 24 and 25 on Transforming Public Financial Management. Several strengths of the PEFA Framework were discussed at the event, including its sound technical foundation, international recognition and quality assurance mechanisms, helpdesk functional and knowledge repository in the PEFA secretariat which increasingly contributes to improving the quality of the assessment reports. It was also discussed how PEFA is evidence and indicator based which reduces assessment optimism bias so common in the more loosely structured institutional analyses. The opportunities for comparison over time and between countries and regions was noted. PEFA is also currently the only tool that provides a full circle overview of PFM systems and can serve multiple purposes including fiduciary assurance, PFM reform design input, monitoring and building consensus.


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

Research & Impact

This study is the third in a series of studies of PFM diagnostic tools undertaken by the PEFA Program. The primary aim of the study is to provide governments and their development partners with information to support selection of an assessment tool – or a combination of tools – that fits with the needs in a particular country at a given time. It makes no specific recommendations as to such selection.