| TERM | DEFINITION |
|---|---|
| Medium revenue payers | Those in between small and large revenue payers with more complex circumstances than small revenue payers but less significant than large revenue payers as a share of total revenues in each category. |
| Next fiscal year (T+1) | Budget year or fiscal year for which the annual budget proposals are made |
| Nonfinancial asset |
Economic asset other than a financial asset. Nonfinancial assets are further subdivided into those that are produced (fixed assets, inventories and valuables) and those that are non-produced (land, mineral and energy resources, other naturally occurring assets, and intangible non produced assets). |
| Non-tax revenue | Revenue other than taxes, separately identified and classified as grants, social contributions, and other revenue. |
| Operational imprests | Include transfers for de-concentrated operations to decentralized agencies, extrabudgetary units and subnational governments for expenditure undertaken on behalf of BCG and subject to detailed accounting and reporting to BCG but not block grants/subsidies. |
| Originally approved budget | The budget approved by the legislature on which budgetary units base their annual expenditure plans at the commencement of the fiscal year. |
| Other revenue |
All revenue receivable excluding taxes, social contributions, and grants: (i) property income; (ii) sales of goods and services; (iii) fines, penalties, and forfeits; (iv) transfers not elsewhere classified; and (v) premiums, fees, and claims related to non-life insurance and standardized guarantee schemes. |
| Outcome |
Measurable effect, consequence or impact of the service (or program or function) and its outputs. Outcome indicators measure the effects, consequences, impact of the services and their outputs. |
| Outer fiscal years (T+2, T+3, and so on) | Fiscal years beyond the year for which the annual budget proposals are made. Outer years are relevant for the medium-term budget perspective in PI-14, PI15, and PI-16. |
| Output |
Actual quantity of products or services produced or delivered by the relevant service (program or function). Output indicators measure the quantity of outputs produced or services delivered or planned. |
| Payroll audit |
Audit that should include: (i) a documentation check, to ensure that everyone on the payroll is appropriately documented and authorized to receive a particular amount of pay, and (ii) a physical verification that the payees exist and are identified before payment. |
| Performance indicators or information | Output and outcome indicators and planned or achieved results against those indicators. |
PEFA Handbook Volume 1: The PEFA Assessment Process – Planning, Managing and Using PEFA
