Public Expenditure and Financial Accountability (PEFA)

Public Expenditure and Financial Accountability (PEFA) is a framework that assesses how governments manage public funds. It evaluates the systems in place for budget planning, execution, accounting, and reporting, ensuring transparency and efficiency in the use of taxpayer money. PEFA helps identify strengths and weaknesses in public financial management, aiming to improve accountability and effectiveness. By promoting good practices, it supports better service delivery and fosters public trust in government financial operations, ultimately enhancing governance and economic development.