世界银行-次国家公共支出和财政责任评估-越南堪萨斯城（英）-2023.4-164页_1mb

Summary of Can Tho City PEFA Assessment

1. Introduction
This assessment evaluates Can Tho City's public financial management (PFM) performance using the Public Expenditure and Financial Accountability (PEFA) framework. Recognized as a self-sufficient sub-national government (SNG), Can Tho faces challenges in budget reliability, transparency, and resource utilization while benefiting from strong internal controls in payroll and tax management.

2. Key Findings by Pillar:

Intergovernmental Fiscal Relations (HLG):

• Strengths: Rules-based transfers to districts and timely information from the central government.
• Weaknesses: Actual transfers (78-86%) often fell short of budgeted amounts due to revenue shortfalls, and transfer composition variances exceeded 15% in some years.

Budget Reliability (PI1-PIC):

• Strengths: Effective cash management and minimal expenditure arrears.
• Weaknesses: Poor budget execution (deviations >15% in two years), unreliable revenue forecasting, and lack of integration between economic classifications and budget planning.

Transparency of Public Finances (PI6-PIm):

• Strengths: Annual budget submission before fiscal year start.
• Weaknesses: Limited public access to fiscal data, infrequent publication of financial reports by extrabudgetary units, and insufficient public consultation mechanisms.

Management of Assets and Liabilities (PI10-PIm):

• Strengths: Audited SOEs and consolidated debt/asset monitoring.
• Weaknesses: Inadequate tracking of contingent liabilities and reliance on emergency funds for unforeseen expenses.

Policy-Based Fiscal Strategy and Budgeting (PI13-PIm):

• Strengths: Medium-term planning framework introduced, with clear debt approval procedures.
• Weaknesses: Absence of cost-risk analysis in debt strategies and insufficient linkage between policy formulation and budget execution.

"Not applicable" (N/A) indicators are applicable to dimensions managed at the central level, such as some revenue administration aspects.

Conclusion: Can Tho City demonstrates competent execution in payroll controls and cash management but lags in budget predictability, transparency, and fiscal risk management. Opportunities exist for strengthening medium-term planning, enhancing public consultation, and integrating economic classifications to improve overall PFM.