Fiscal Discipline – NBC Institute

PSAF- Nov 2023 – L2 – Q3a – Public Expenditure and Financial Accountability Framework

Explain PEFA framework outcomes, limitations, and pillars of PFM systems.

Question

The Finance Minister at a recent public forum on Public Financial Management (PFM) Reforms indicated in his address that the wave of PFM reforms in Ghana has continued throughout the last three decades. The PFM reforms have helped Ghana to attain notable PFM capabilities over the periods, including stronger legislative base and external oversight function. This is evidenced by the country’s improved performance in the 2018 Public Expenditure and Financial Accountability (PEFA) scores in these dimensions.

Required:

As the Head of Finance of your entry;

i) Explain the THREE (3) key outcomes of the PEFA framework. (3 marks)
ii) State TWO (2) limitations with respect to the scope of the PEFA framework. (3 marks)

iii) Discuss FOUR (4) of the broad activity areas (pillars) of the PEFA framework used in assessing the quality of Public Financial Management Systems. (4 marks)

Answer

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Tags: Fiscal Discipline, PEFA Framework, Resource Allocation, Service Delivery
Level: Level 2

Topic: Public expenditure and financial accountability framework
Series: NOV 2023

PSAF – Mar 2023 – L2 – Q5b – Public sector fiscal planning and budgeting

Explains the concept of virement in public financial management and discusses the prohibitions on its use under the Public Financial Management Act, 2016.

Question

A principal spending officer is of the view that the organization can always carry out unbudgeted activities, programs, and projects through the use of virement. He argues that virement is a smart way of going around the rigid rules that govern national budget implementation.

Required:
i) Explain virement as a tool in public financial management.
(3 marks)

ii) Discuss the prohibitions on the use of virement under the Public Financial Management Act, 2016 (Act 921).
(4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Budgeting, Fiscal Discipline, Public Financial Management, Virement
Level: Level 2

Topic: Public sector fiscal planning and budgeting
Series: MAR 2023

PSAF- Nov 2023 – L2 – Q3a – Public Expenditure and Financial Accountability Framework

Explain PEFA framework outcomes, limitations, and pillars of PFM systems.

Question

Required:

As the Head of Finance of your entry;

i) Explain the THREE (3) key outcomes of the PEFA framework. (3 marks)
ii) State TWO (2) limitations with respect to the scope of the PEFA framework. (3 marks)

iii) Discuss FOUR (4) of the broad activity areas (pillars) of the PEFA framework used in assessing the quality of Public Financial Management Systems. (4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Fiscal Discipline, PEFA Framework, Resource Allocation, Service Delivery
Level: Level 2

Topic: Public expenditure and financial accountability framework
Series: NOV 2023

PSAF – Mar 2023 – L2 – Q5b – Public sector fiscal planning and budgeting

Explains the concept of virement in public financial management and discusses the prohibitions on its use under the Public Financial Management Act, 2016.

Question

Required:
i) Explain virement as a tool in public financial management.
(3 marks)

ii) Discuss the prohibitions on the use of virement under the Public Financial Management Act, 2016 (Act 921).
(4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Budgeting, Fiscal Discipline, Public Financial Management, Virement
Level: Level 2

Topic: Public sector fiscal planning and budgeting
Series: MAR 2023

Question Tag: Fiscal Discipline

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PSAF- Nov 2023 – L2 – Q3a – Public Expenditure and Financial Accountability Framework

Explain PEFA framework outcomes, limitations, and pillars of PFM systems.

PSAF – Mar 2023 – L2 – Q5b – Public sector fiscal planning and budgeting

Explains the concept of virement in public financial management and discusses the prohibitions on its use under the Public Financial Management Act, 2016.

PSAF- Nov 2023 – L2 – Q3a – Public Expenditure and Financial Accountability Framework

Explain PEFA framework outcomes, limitations, and pillars of PFM systems.

PSAF – Mar 2023 – L2 – Q5b – Public sector fiscal planning and budgeting

Explains the concept of virement in public financial management and discusses the prohibitions on its use under the Public Financial Management Act, 2016.

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Question Tag: Fiscal Discipline

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PSAF- Nov 2023 – L2 – Q3a – Public Expenditure and Financial Accountability Framework

Explain PEFA framework outcomes, limitations, and pillars of PFM systems.

You're reporting an error for "PSAF- Nov 2023 – L2 – Q3a – Public Expenditure and Financial Accountability Framework"

PSAF – Mar 2023 – L2 – Q5b – Public sector fiscal planning and budgeting

Explains the concept of virement in public financial management and discusses the prohibitions on its use under the Public Financial Management Act, 2016.

You're reporting an error for "PSAF – Mar 2023 – L2 – Q5b – Public sector fiscal planning and budgeting"

PSAF- Nov 2023 – L2 – Q3a – Public Expenditure and Financial Accountability Framework

Explain PEFA framework outcomes, limitations, and pillars of PFM systems.

You're reporting an error for "PSAF- Nov 2023 – L2 – Q3a – Public Expenditure and Financial Accountability Framework"

PSAF – Mar 2023 – L2 – Q5b – Public sector fiscal planning and budgeting

Explains the concept of virement in public financial management and discusses the prohibitions on its use under the Public Financial Management Act, 2016.

You're reporting an error for "PSAF – Mar 2023 – L2 – Q5b – Public sector fiscal planning and budgeting"

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