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Siera-Leone-PEFA-Report-12-07

Siera-Leone-PEFA-Report-12-07

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Republic of Sierra Leone: PFM Performance Assessment ReportFinal Draft 18 June 2007
i
 
The Republic of Sierra Leone
Public Financial ManagementPerformance Assessment Report
 
December 2007 (Published May 2008)
 
Republic of Sierra Leone: PFM Performance Assessment ReportFinal Draft 18 June 2007
ii
 
PREFACE
This Public Financial Management (PFM) Performance Assessment Report is based on thePEFA PFM Performance Measurement Framework, which includes a performance rating on31 indicators covering the entire PFM cycle in the central government, and assesses impact onbudget goals. The report also examines progress made in recent years, and identifies broadmeasures to strengthen the Government of Sierra Leone’s National PFM Action Plan.This work was jointly led by the UK Department for International Development (DFID) andthe World Bank on behalf of development partners, and was carried out in close collaborationwith the Government of Sierra Leone and the European Commission. Other developmentpartners working on PFM issues in Sierra Leone (African Development Bank and the IMF)were also consulted.A team of consultants was contracted to carry out the detailed technical work for the study.
1
 The team assessed the current situation by reviewing background documents, collectingnecessary data and interviewing key Government and development partner officials. We aregrateful to the many officials of the Government of Sierra Leone who interacted with theteam, provided the information needed and assisted in organization of the study, as well as therepresentatives of the Sierra Leonean private sector.This final draft of the report is based on discussion among the various interested parties andtheir comments on a first draft. We are grateful to the various reviewers including the PEFASecretariat for the useful comments and suggestions.
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John Short (Team Leader), Paul Harnett and Andrew Mackie of REPIM (www.repim.org.uk ).
 
Republic of Sierra Leone: PFM Performance Assessment ReportFinal Draft 18 June 2007
iii 
Table of Contents
Table of Contents.....................................................................................................................iii
 
Glossary....................................................................................................................................iv
 
Overview of the Indicator Set...................................................................................................vi
 
S
UMMARY
A
SSESSMENT
........................................................................................................vii
 
A. Background.....................................................................................................................vii
 
B. Integrated Assessment of PFM Performance..................................................................vii
 
C. Institutional factors supporting reform planning and implementation............................xii
 
D. Targets for Reform........................................................................................................xiii
 
Appendix 1: Links between the six dimensions of an open and orderly PFM system and thethree levels of budgetary outcomes....................................................................................viii
 
1:
 
I
NTRODUCTION
....................................................................................................................1
 
2:
 
C
OUNTRY
B
ACKGROUND
I
NFORMATION
...........................................................................3
 
2.1: Description of the Country Economic Situation.............................................................3
 
2.2: Budgetary Outcomes......................................................................................................8
 
2.3: Legal and Institutional Framework for PFM................................................................10
 
3:
 
ASSESSMENT
 
OF
 
THE
 
PFM
 
SYSTEMS,
 
PROCESSES
 
AND
 
INSTITUTIONS
......13
 
3.1. Budget credibility.........................................................................................................13
 
3.3. Policy-based budgeting................................................................................................27
 
3.4. Predictability and control in budget execution.............................................................31
 
3.5. Accounting, recording and reporting............................................................................48
 
3.6. External scrutiny and audit...........................................................................................55
 
4:
 
GOVERNMENT
 
REFORM
 
PROCESS
..........................................................................63
 
4.1. Recent and on-going reform measures.........................................................................63
 
4.2. Institutional factors supporting reform planning and implementation.........................65
 
Appendix 4-1: Time Line Of Reforms Since 2002............................................................67
 
Appendix 4-2: NAP Reforms and Issues for Future Action...............................................69 Annex 1: Summary and Explanation of Indicator Scores.......................................................79
 
Annex 2: Officials Met............................................................................................................84
 
Annex 3: Documents Consulted..............................................................................................87
 
Annex 4: Local Government Study 87

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