Framework

The PEFA Framework
PEFA is a methodology for assessing public financial management performance. It provides the foundation for evidence-based measurement of countries’ PFM systems. A PEFA assessment measures the extent to which PFM systems, processes and institutions contribute to the achievement of desirable budget outcomes:

  1. Aggregate fiscal discipline
  2. Strategic allocation of resources, and
  3. Efficient service delivery.

PEFA 2016
PEFA 2016 is the most significant upgrade to the PEFA framework since its inception in 2001. PEFA 2016 has been developed to reflect the changing landscape of PFM reforms and the evolution of good practices.

PEFA identifies 7 pillars of performance in an open and orderly PFM system that are essential to achieving these objectives. The seven pillars thereby define the key elements of a PFM system. They also reflect what is desirable and feasible to measure. The pillars are as follows:

  1. Budget reliability
  2. Transparency of public finances
  3. Management of assess and liabilities
  4. Policy-based fiscal strategy and budgeting
  5. Predictability and control in budget execution
  6. Accounting and reporting and
  7. External scrutiny and audit.

Within the seven broad areas marked by these pillars, PEFA defines 31 specific indicators disaggregated into 94 dimensions that focus on key measureable aspects of the PFM system.

PEFA uses the results of the individual indicator calculations, which are based on available evidence, to provide an integrated assessment of the PFM system against the seven pillars of PFM performance. It then assesses the likely impact of PFM performance levels on the three desired budgetary outcomes; aggregate fiscal discipline, strategic allocation of resources, and efficient service delivery.


PEFA 2016 Framework
Download the Framework document to learn more about PEFA 2016.

PEFA 2016: Framework for assessing public financial management (EN)

PEFA 2016 in Brief
For those who are new to PEFA or simply want an overview of the key elements of PEFA 2016, the PEFA Secretariat has produced the following brochure.

PEFA 2016: In brief (EN)

10 Things You Need to Know
In this brochure we highlight the ten key features of PEFA 2016.

PEFA 2016: 10 things you need to know (EN)

Previous PEFA Framework
The previous version of the PEFA framework:

The 2011 Version of PEFA Framework

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