Maldives: Public Financial Management: Performance Report

Author: International Monetary Fund

Volume/Issue: Volume 2010 Issue 137

Publication date: May 2010

ISBN: 9781455207336

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Public Finance , ISCR , CR , budget , central government , The PAS , public finance , minister of finance , end of the month , PAS system , accounts payable , budget expenditure , PAS project , budget proposal , Budget planning and preparation , Auditing , Fiscal accounting and reporting , PFM legal and regulatory frameworks , Global

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Summary

This paper focuses on the Public Financial Management—Performance Report for the Maldives. In line with the Public Expenditure and Financial Accountability (PEFA) methodology, the assessment focuses on the fiscal performance during 2005–08, and the institutions and procedures that were in place during this period. The assessment indicates that budget credibility of Maldives is weak. When corrected for concessional, external financing, aggregate expenditure estimates are reasonably accurate. However, there are significant variations in the allocation of expenditures by ministry, and actual revenues fell well below estimates in each year except 2006.