Budget classification and chart of accounts
Review of definitions for budget classification and the chart of accounts. Review of budget reports. The aim is to verify whether a robust and consistent classification system in the budget and the accounts allows transactions to be tracked throughout the budget’s formulation, execution, and reporting cycle according to administrative unit, economic category, function/sub-function or programme. The Government Finance Statistics (GFS) classification provides a recognised international framework for the economic and functional classification of transactions: revenues and expenditures are broken down into four and three classification levels, respectively. The Classification of the Functions of Government (COFOG) classification is applicable for functions and sub-functions.
Yes
No
No data available / not assessed
| Budget formulation, execution, and reporting are based on every level of administrative, economic and functional classification, using functional/sub-functional COFOG standards or a classification that can produce consistent documentation comparable with those standards (2 points) | |
| Budget formulation, execution, and reporting are based on administrative, economic (at least “Group” level of the GFS standard—3 digits) and functional classification (but not sub-functional), using COFOG standards or a classification that can produce consistent documentation comparable with those standards (1 point) | |
| Budget formulation, execution and reporting are not based on administrative, economic (at least “Group” level of the GFS standard—3 digits) and functional classification (but not sub-functional), using COFOG standards or a classification that can produce consistent documentation comparable with those standards (0 points) |