PILLAR FIVE: PREDICTABILITY AND CONTROL IN BUDGET EXECUTION
This pillar assesses whether the budget is implemented within a system of effective standards, processes, and internal controls, ensuring that resources are obtained and used as intended.
Predictable and controlled budget execution is necessary to ensure that revenue is collected and resources are allocated and used as intended by government and approved by the legislature. Effective management of policy and program implementation requires predictability in the availability of resources when they are needed, and control ensures that policies, regulations, and laws are complied with during the process of budget execution.
Pillar V has eight indicators:
- PI-19. Revenue administration
- PI-20. Accounting for revenue
- PI-21. Predictability of in-year resource allocation
- PI-22. Expenditure arrears
- PI-23. Payroll controls
- PI-24. Procurement management
- PI-25. Internal controls on nonsalary expenditure
- PI-26. Internal audit
PEFA Handbook Volume 1: The PEFA Assessment Process – Planning, Managing and Using PEFA