A sound public financial management system is essential for the effective implementation of policies and the achievement of intended outcomes by supporting aggregate fiscal discipline, the strategic allocation of resources and efficient service delivery. This is true not only at the national, but also at the sub-national level, given the increasing importance of provincial and local government structures in resource allocation and the provision of services to communities. In order to ensure a consistent and appropriate application of the indicators and a sound basis for the interpretation of the findings at a sub-national level, the PEFA program has produced these practical Guidelines for assessors […]