The public finance management system in Kazakhstan will be evaluated using the PEFA methodology
Representatives from the Supreme Audit Chamber, led by the Member of the Supreme Audit Chamber Tlegen Kaskin, participated in the introductory PEFA meeting and technical seminar, which took place in Astana.
PEFA gives the opportunity to evaluate transparency, efficiency, and sustainability of budget management, identifying key challenges and define ways to address them. During the presentation, the key principles of the PEFA methodology were introduced, along with examples of successful implementation in various countries and opportunities for using the evaluation results to improve the effectiveness of public expenditure.
Opening remarks were made by the Vice Minister of Finance of Kazakhstan, Dauren Temirbekov, the World Bank Practice Leader for Institutions in the Europe and Central Asia region, Adrian Fozzard, and the Director of the Public Sector Management Division at the Asian Development Bank, Cigdem Akin.
During the meeting, the PEFA evaluation methodology was introduced, and 31 indicators for assessing various aspects of public finance management were discussed in details. These indicators are divided into 7 categories:
- Transparency of public finances;
- Reliability of budget planning;
- Effectiveness of revenue management;
- Budget execution control;
- Audit and external review;
- Public debt management;
- Transparency of inter-budgetary relations.
It should be noticed that the active phase of the PEFA evaluation in Kazakhstan will take place from March 3 to March 7 this year.
For reference: PEFA is a standardized methodology used to evaluate the public finance management system in a country. The last evaluation in the Republic of Kazakhstan was conducted in 2018.