Budget Credibility: What Can We Learn from PEFA Reports?
- Zac Mills
- Jul 2018
- International Budget Partnership (IBP)
- International
The ability to implement a budget is a crucial component of a sound public financial management (PFM) system. However, budget credibility is an area that is often neglected and under-researched. Despite substantial investments to improve PFM systems and strengthen capacities, many countries still struggle to implement their budgets as originally planned. This paper seeks to provide a global analysis of budget credibility based upon the data available from the PEFA framework.
