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 PILLARS INDICATORS DIMENSIONS
III. Management of assets and liabilities 10. Fiscal risk reporting 10.1 Monitoring of public corporations
5   10.2 Monitoring of subnational governments
  10.3 Contingent liabilities and other fiscal risks
11. Public investment management 11.1 Economic analysis of investment proposals
  11.2 Investment project selection
  11.3 Investment project costing
  11.4 Investment project monitoring
12.Public asset management 12.1 Financial asset monitoring
  12.2 Nonfinancial asset monitoring
  12.3 Transparency of asset disposal
13. Debt management 13.1 Recording and reporting of debt and guarantees
  13.2 Approval of debt and guarantees
  13.3 Debt management strategy
IV. Policy-based fiscal strategy and budgeting 14. Macroeconomic and fiscal forecasting 14.1 Macroeconomic forecasts
6   14.2 Fiscal forecasts
  14.3 Macrofiscal sensitivity analysis
15. Fiscal strategy 15.1 Fiscal impact of policy proposals
  15.2 Fiscal strategy adoption
16. Medium-term perspective in expenditure budgeting 16.1 Medium-term expenditure estimates
  16.2 Medium-term expenditure ceilings
  16.3 Alignment of strategic plans and medium-term budgets
  16.4 Consistency of budgets with previous year’s estimates
17. Budget preparation process 17.1 Budget calendar
  17.2 Guidance on budget preparation
  17.3 Budget submission to the legislature
18. Legislative scrutiny of budgets 18.1 Scope of budget scrutiny
  18.2 Legislative procedures for budget scrutiny
  18.3 Timing of budget approval
  18.4 Rules for budget adjustment by the executive

PEFA Handbook Volume 1: The PEFA Assessment Process – Planning, Managing and Using PEFA
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