Pakistan In Focus - ECONOMIC TIMES OF PAKISTAN - Pakistan lacks a consolidated system.
Position | Final draft report of the Public Expenditure and Financial Accountability Assessment 2019 of the World Bank |
Pakistan lacks a consolidated system for recording and reporting its debt and there is also no mechanism to regulate public assets that results in discrepancies and non-reconciliation of hundreds of billions of rupees worth of funds.
The final draft report of the Public Expenditure and Financial Accountability Assessment (PEFA) 2019 of the World Bank has pointed out glaring deficiencies in the management of government assets and liabilities.
These findings are tantamount to charge-sheeting the Ministry of Finance. The report covers three fiscal years from 2015-16 to 2017-18 but the bureaucrats responsible for executing these functions still occupy their positions...
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