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Mongolia Public Financial Management Performance ReportThis public financial management
 performance report (PFM-PR) is the first assessment of
 Mongolia’s PFM system using the public expenditure and
 financial accountability (PEFA) framework. The report aims
 principally to establish an objective baseline measure of
 current PFM performance, highlighting areas of absolute and
 relative strength and weakness, thereby enabling a
 stock-taking of over a decade of PFM reforms in Mongolia and
 guiding the government in its reform priorities. The
 assessment covers PFM at the budgetary central government
 level. The PEFA is an evidence-based methodology that
 measures the performance of a country’s PFM system at a
 particular point in time using a set of standardized
 indicators. The assessment is done on six dimensions of an
 open and orderly PFM system identified by the framework,
 which are: credibility of the budget; comprehensiveness and
 transparency; policy-based budgeting; predictability and
 control in budget execution; accounting, recording, and
 reporting; and external scrutiny and audit. This PEFA
 assessment will complement the considerable work that has
 already taken place on public expenditure management, which
 includes regular economic updates, public investment
 reviews, procurement reviews, analytic work conducted and
 supported by the World Bank funded technical assistance
 projects, as well as technical assistance mission reports of
 the International Monetary Fund (IMF).
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Serbia Public Expenditure and Financial Accountability Performance ReportA Public Expenditure and Financial
 accountability (PEFA) repeat assessment was conducted in the
 Republic of Serbia (RoS) between November 2014 and May 2015
 by an independent team of experts, led by the World Bank
 (WB). The assessment was financed jointly by the
 Strengthening of Accountability and the Fiduciary
 Environment (SAFE) Trust Fund of the Swiss State Secretariat
 for Economic Affairs (SECO), the European Union Delegation
 to Serbia (EU Delegation) and WB. The period covered by this
 Assessment (2011-2013) was dominated by the challenges posed
 by the aftermath of the global economic recession which
 affected macro-fiscal performances. Notwithstanding these
 challenges PFM improvements can be observed in strengthening
 legislative framework, and Budget classification, multi-year
 fiscal planning, procurement and external audit. In other
 areas such as the composition of expenditure out-turn
 compared with originally approved budget, expenditures
 arrears, oversight of fiscal risk, and effectiveness of tax
 collection, predictability in the availability of funds,
 application of public sector accounting standards
 application and legislative scrutiny of annual budget law
 and final accounts, further work is needed to improve PFM performance.
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Government of Karnataka Public Financial Management Reform Action Plan, 2014, Volume 1. Main ReportThe main report comprises the
 following chapters: executive summary provides the overall
 view of the reform action plan. Chapter one outlines the
 background, scope and methodology for the study; chapter two
 outlines the overview of the state finances; chapter three
 describe the accomplishments made against the 2004 agreed
 PFMA action plan; chapter four provides an overview of the
 analysis, gaps and recommendations made in the study;
 chapter five describes the way forward for implementation of
 the action plan; annex one: PFM reform action plan - 2014
 contains a thematic-wise plan outlining the actions to be
 taken, the responsible department for the actions, and the
 expected timeframe for completing the actions. The detailed
 analysis of the issues and the logic for the action plan are
 provided in the respective sections of the appendix; annex
 two: 2004 PFMA action plan, outlines the current status of
 action taken on 2004 PFMA action plan: this contains the
 action plan as proposed in the 2004 report, updated with the
 current status of actions in the identified areas. In case
 where the actions have been taken and completed by the
 Government of Karnataka, the impact has been documented. The
 appendix comprises the following sections: section one:
 theme one: strengthening PFM legal and institutional
 framework; section two: theme two: enhancing
 comprehensiveness and credibility of the budget; section
 three: theme three: strengthening accounting, reporting,
 controls, and transparency; section four: theme four:
 improving fiscal assets and liability management system;
 section five: theme five: strengthening audit and
 legislative oversight; section six: theme six: improving PFM
 in local self-governments; section seven: theme six:
 improving PFM in public sector undertakings (state owned);
 each section describes the various areas of public financial
 management in the Government of Karnataka grouped into
 thematic reform areas. Each reform area has a discussion of
 the background, the reform actions proposed in the 2004 PFMA
 action plan, the progress of reforms over the last decade,
 the issues presently identified, and the rationale for the
 reform actions proposed; and section eight: 2014 action
 plan: this section describes the action plan with next steps
 to be followed under each activity of the action plan.