Study of public financial management systems for two Asian regional groups: Comparisons and key features for SAARC and ASEAN regions

Jaideep Kumar Mishra

OECD Journal on Budgeting, 2015, vol. 14, issue 3, 1-25

Abstract: This paper presents assessments of Public Financial Management (PFM) Systems for two regional Asian groups – the South Asian Association for Regional Cooperation (SAARC) and the Association for South East Asian Nations (ASEAN). The study undertaken uses the Public Expenditure and Financial Accountability (PEFA) results for assessment of the performance of PFM systems of countries both within and across the two regions for the six PEFA framework dimensions. This paper also presents results of the study for comparing regional performance with global averages for various PEFA indicators to identify strengths and weaknesses. An in-depth analysis of the PEFA assessments was also done to identify key features and initiatives undertaken by the countries where strengths in PFM system indicators was identified, and recommendations made, for countries moving on the path of PFM reforms for performance improvement.

Keywords: Public Financial Management (PFM); Asian regional groups – SAARC & ASEAN; Public Expenditure and Financial Accountability (PEFA) assessments; Key features and PFM initiatives (search for similar items in EconPapers)
JEL-codes: G00 H00 H60 H83 (search for similar items in EconPapers)
Date: 2015
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