Public financial management
The public administration plans and manages public finances to ensure that they are sustainable and transparent and allow the delivery of policy objectives. Control, procurement and oversight arrangements are in place to ensure the economic, efficient and effective use of public resources shared across all levels of government.
| ALB | BIH | XKV | MNE | MKD | SRB | AVG | BEST |
|---|---|---|---|---|---|---|---|
| 60.5 | 40 | 55.5 | 59.5 | 52 | 57.5 | 54.2 | 60.5 |
Public financial management – at a glance
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Indicators
List of indicators within Public financial management.
The annual budget is comprehensive and formulated within a credible and rolling medium-term framework, balancing the policy needs with the fiscal constraints
The annual budget is comprehensive and formulated within a credible and rolling medium-term framework, balancing the policy needs with the fiscal constraints
Budget implementation and service delivery is supported by cash availability in the short and medium-term
Budget implementation and service delivery is supported by cash availability in the short and medium-term
The government implements the budget in line with estimates and reports on it in a comprehensive and transparent manner, allowing for timely scrutiny
The government implements the budget in line with estimates and reports on it in a comprehensive and transparent manner, allowing for timely scrutiny
Adequacy of the operational framework for internal control and its functioning in practice
Adequacy of the operational framework for internal audit and its functioning in practice
Quality of legislative framework for public procurement and PPPs/concessions
Central institutions effectively support, steer and co-ordinate implementation, enforcement and monitoring of public procurement system
Central institutions effectively support, steer and co-ordinate implementation, enforcement and monitoring of public procurement system
Efficiency, economy and competitiveness of public procurement operations
Availability and quality of support to contracting authorities and other actors to strengthen professionalisation of procurement operations
Availability and quality of support to contracting authorities and other actors to strengthen professionalisation of procurement operations
Independence, effectiveness and competence of the review system
Adequacy of the legal framework for external audit and its effectiveness in practice
Fiscal autonomy of local governments