China Liuyang City 2020

SNG PILLAR: INTERGOVERNMENTAL FISCAL RELATIONS
Scores by Dimension
Overall Indicator Score
Indicator
HLG-1 Transfers from Higher Levels of Government
D+
Indicator
HLG-1.1 Outturn from higher-levels of government
D
HLG-1.2 Transfers composition outturn
D
HLG-1.3 Timeliness of transfers from higher-levels of government
A
HLG-1.4 Predictability of transfers
D
HLG-2 Fiscal rules of monitoring of fiscal position
NU
Indicator
HLG-2.1 Fiscal rules for subnational governments
NU
HLG-2.2 Debt rules for subnational governments
NU
HLG-2.3 Monitoring of subnational governments
NU
I. BUDGET RELIABILITY
Scores by Dimension
Overall Indicator Score
Indicator
PI-1 Aggregate expenditure out-turn
D
Indicator
PI-1.1 Aggregate expenditure out-turn
D
PI-2 Expenditure composition outturn
D+
Indicator
PI-2.1 Expenditure composition outturn by function
D
PI-2.2 Expenditure composition outturn by economic type
NA
PI-2.3 Expenditure from contingency reserves.
A
PI-3 Revenue outturn
D+
Indicator
PI-3.1 Agregate revenue outturn
C
PI-3.2 Revenue composition outturn
D
II. TRANSPARENCY OF PUBLIC FINANCES
Scores by Dimension
Overall Indicator Score
Indicator
PI-4 Budget Classification
D
Indicator
PI-4.1 Budget Classification
D
PI-5 Budget Documentation
C
Indicator
PI-5.1 Budget Documentation
C
PI-6 Subnational government operations outside financial reports
A
Indicator
PI-6.1 Expenditure outside financial reports
A
PI-6.2 Revenue outside financial reports
A
PI-6.3 Financial reports of extrabudgetary units
A
PI-7 Transfers to subnational governments
NA
Indicator
PI-7.1 System for allocating transfers
NA
PI-7.2 Timeliness of information on transfers
NA
PI-8 Performance information for service delivery
B
Indicator
PI-8.1 Performance plans for service delivery
C
PI-8.2 Performance achieved for service delivery
B
PI-8.3 Resources received by service delivery units
A
PI-8.4 Performance evaluation for service delivery
C
PI-9 Public access to fiscal information
D
Indicator
PI-9.1 Public access to fiscal information
D
9bis Public consultation
NU
Indicator
9bis.1 Public consultation in budget preparation
NU
9bis.2 Public consultation in the design of service delivery programs
NU
9bis.3 Public consultation in investment planning
NU
III. MANAGEMENT OF ASSETS AND LIABILITIES
Scores by Dimension
Overall Indicator Score
Indicator
PI-10 Fiscal risk reporting
B+
Indicator
PI-10.1 Monitoring of public corporations
B
PI-10.2 Monitoring of subnational governments
NA
PI-10.3 Contingent liabilities and other fiscal risks
A
PI-11 Public investment management
C+
Indicator
PI-11.1 Economic analysis of investment proposals
C
PI-11.2 Investment project selection
A
PI-11.3 Investment project costing
D
PI-11.4 Investment project monitoring
C
PI-12 Public asset management
B
Indicator
PI-12.1 Financial asset monitoring
B
PI-12.2 Nonfinancial asset monitoring
C
PI-12.3 Transparency of asset disposal
A
PI-13 Debt management
C+
Indicator
PI-13.1 Recording and reporting of debt and guarantees
C
PI-13.2 Approval of debt and guarantees
A
PI-13.3 Debt management strategy
D
IV. POLICY-BASED FISCAL STRATEGY AND BUDGETING
Scores by Dimension
Overall Indicator Score
Indicator
PI-14new Medium term budget strategy
D+
Indicator
PI-14new.1 Underlying forecasts for medium-term budget
C
PI-14new.2 Fiscal impact of policy proposals
D
PI-14new.3 Medium-term expenditure and revenue estimates
D
PI-14new.4 Consistency of budgets with previous year's estimates
NA
PI-14 Macroeconomic and fiscal forecasting
NU
Indicator
PI-14.1 Macroeconomic forecasts
NU
PI-14.2 Fiscal forecasts
NU
PI-14.3 Macro-fiscal sensitivity analysis
NU
PI-15 Fiscal strategy
NU
Indicator
PI-15.1 Fiscal impact of policy proposals
NU
PI-15.2 Fiscal strategy adoption
NU
PI-15.3 Reporting on fiscal outcomes
NU
PI-16 Medium term perspective in expenditure budgeting
NU
Indicator
PI-16.1 Medium-term expenditure estimates
NU
PI-16.2 Medium-term expenditure ceilings
NU
PI-16.3 Alignment of strategic plans and medium-term budgets
NU
PI-16.4 Consistency of budgets with previous year estimates
NU
PI-17 Budget preparation process
B
Indicator
PI-17.1 Budget calendar
A
PI-17.2 Guidance on budget preparation
B
PI-17.3 Budget submission to the subnational council
D
PI-18 Legislative scrutiny of budgets
C+
Indicator
PI-18.1 Scope of budget scrutiny
B
PI-18.2 Legislative procedures for budget scrutiny
B
PI-18.3 Timing of budget approval
C
PI-18.4 Rules for budget adjustments by the executive
C
V. PREDICTABILITY AND CONTROL IN BUDGET EXECUTION
Scores by Dimension
Overall Indicator Score
Indicator
PI-19 Tax administration
NA
Indicator
PI-19.1 Rights and obligations for tax measures
NA
PI-19.2 Property tax register and value assessment
NA
PI-19.3 Tax risk management, audit and investigation
NA
PI-19.4 Tax arrears monitoring
NA
PI-20 Accounting for revenue
A
Indicator
PI-20.1 Information on revenue collections
A
PI-20.2 Transfer of revenue collections
A
PI-20.3 Tax accounts reconciliation
NA
PI-21 Predictability of in-year resource allocation
C+
Indicator
PI-21.1 Consolidation of cash balances
A
PI-21.2 Cash forecasting and monitoring
B
PI-21.3 Information on commitment ceilings
D
PI-21.4 Significance of in-year budget adjustments
D
PI-22 Expenditure arrears
D
Indicator
PI-22.1 Stock of expenditure arrears
D*
PI-22.2 Expenditure arrears monitoring
D
PI-23 Payroll controls
B+
Indicator
PI-23.1 Integration of payroll and personnel records
A
PI-23.2 Management of payroll changes
A
PI-23.3 Internal control of payroll
A
PI-23.4 Payroll audit
B
PI-24 Procurement
C
Indicator
PI-24.1 Procurement monitoring
D*
PI-24.2 Procurement methods
D*
PI-24.3 Public access to procurement information
C
PI-24.4 Procurement complaints management
A
PI-25 Internal controls on nonsalary expenditure
B+
Indicator
PI-25.1 Segregation of duties
A
PI-25.2 Effectiveness of expenditure commitment controls
C
PI-25.3 Compliance with payment rules and procedures
A
PI-26 Internal audit
B+
Indicator
PI-26.1 Coverage of internal audit
A
PI-26.2 Nature of audits and standards applied
B
PI-26.3 Implementation of internal audits and reporting
A
PI-26.4 Response to internal audits
A
VI. ACCOUNTING AND REPORTING
Scores by Dimension
Overall Indicator Score
Indicator
PI-27 Financial data integrity
A
Indicator
PI-27.1 Bank account reconciliation
A
PI-27.2 Suspense accounts
NA
PI-27.3 Advance accounts
NA
PI-27.4 Financial data integrity processes
A
PI-28 In-year budget reports
B+
Indicator
PI-28.1 Coverage and comparability of reports
A
PI-28.2 Timing of in-year budget reports
B
PI-28.3 Accuracy of in-year budget reports
B
PI-29 Annual financial reports
D+
Indicator
PI-29.1 Completeness of annual financial reports
C
PI-29.2 Submission of reports for external audit
A
PI-29.3 Accounting standards
D
VII. EXTERNAL SCRUTINY AND AUDIT
Scores by Dimension
Overall Indicator Score
Indicator
PI-30 External audit
C+
Indicator
PI-30.1 Audit coverage
A
PI-30.2 Submission of audit reports to the subnational council
C
PI-30.3 External audit follow-up
A
PI-30.4 Independence of the public audit institution in charge of subnational governments
B
PI-31 Legislative scrutiny of audit reports
B
Indicator
PI-31.1 Timing of audit report scrutiny
A
PI-31.2 Hearings on audit findings
C
PI-31.3 Recommendations on audit by subnational council
A
PI-31.4 Transparency of legislative scrutiny of audit reports
D
Assessment
China Liuyang City 2020
Country
China
Region
East Asia & Pacific
Lead Agencies
Government, WB
Report Date
Year
Framework
2021 SNG Framework
Access
Public
Type
Subnational
Status
Final
PEFA Check
Yes