PEFA Framework for Public Financial Management
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Questions and Answers

Why is effective public financial management crucial?

  • Because it reduces poverty and promotes economic development
  • Because it ties together available resources, service delivery, and policy objectives (correct)
  • Because it ensures efficient revenue collection
  • Because it is a requirement for international organisations

    • What can be achieved when resources are made available and applied economically, efficiently, and effectively?

  • Effective public financial management
  • Improved revenue collection
  • Implementation of national policies and programmes (correct)
  • Economic development and poverty reduction

    • What is the primary purpose of a PEFA assessment?

  • To measure the efficiency of revenue collection
  • To provide a comprehensive analysis of PFM performance at a specific point in time (correct)
  • To evaluate the effectiveness of poverty reduction policies
  • To track changes in public financial management over time

    • Why is it essential to measure the performance of public financial management systems?

    <p>To identify areas for improvement in PFM</p> Signup and view all the answers

    What is the benefit of reapplying the PEFA methodology?

    <p>To track changes in public financial management over time</p> Signup and view all the answers

    What was the primary goal of creating the PEFA framework?

    <p>To establish a standard methodology for PFM diagnostic assessments</p> Signup and view all the answers

    Which of the following is NOT a significant feature of the 2016 PEFA version?

    <p>Creation of a new framework for assessing public debt</p> Signup and view all the answers

    What was the outcome of the 2016 update to the PEFA framework?

    <p>The existing framework was substantially upgraded</p> Signup and view all the answers

    What was the primary motivation behind the PEFA framework's development?

    <p>To harmonize assessment of PFM across partner organizations</p> Signup and view all the answers

    How many international development partners initially collaborated to establish the PEFA framework?

    <p>Seven</p> Signup and view all the answers

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