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Study of public financial management systems for two Asian regional groups: Comparisons and key features for SAARC and ASEAN regions

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  • Jaideep Kumar Mishra

Abstract

This paper presents assessments of Public Financial Management (PFM) Systems for two regional Asian groups – the South Asian Association for Regional Cooperation (SAARC) and the Association for South East Asian Nations (ASEAN). The study undertaken uses the Public Expenditure and Financial Accountability (PEFA) results for assessment of the performance of PFM systems of countries both within and across the two regions for the six PEFA framework dimensions. This paper also presents results of the study for comparing regional performance with global averages for various PEFA indicators to identify strengths and weaknesses. An in-depth analysis of the PEFA assessments was also done to identify key features and initiatives undertaken by the countries where strengths in PFM system indicators was identified, and recommendations made, for countries moving on the path of PFM reforms for performance improvement.

Suggested Citation

  • Jaideep Kumar Mishra, 2015. "Study of public financial management systems for two Asian regional groups: Comparisons and key features for SAARC and ASEAN regions," OECD Journal on Budgeting, OECD Publishing, vol. 14(3), pages 1-25.
    • Handle: RePEc:oec:govkaa:5jrw9czdg326
    DOI: 10.1787/budget-14-5jrw9czdg326
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    More about this item

    Keywords

    Public Financial Management (PFM); Asian regional groups – SAARC & ASEAN; Public Expenditure and Financial Accountability (PEFA) assessments; Key features and PFM initiatives;
    All these keywords.

    JEL classification:

    • G00 - Financial Economics - - General - - - General
    • H00 - Public Economics - - General - - - General
    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
    • H83 - Public Economics - - Miscellaneous Issues - - - Public Administration

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