[{"bbox": [84, 151, 1143, 286], "category": "Text", "text": "The EU budget support modality has been a key reform driver in the Greenland public finance management system, well acknowledged by the Government of Greenland with the PFM reform monitored and evaluated in the annual PFM progress reports according to the multi-annual PFM Action Plan. Based upon a recommendation by the external auditor the Audit Committee of Inatsisartut (Parliament) has since 2018 received the annual PFM Progress Report prepared for the European Commission."}, {"bbox": [84, 313, 1143, 422], "category": "Text", "text": "The last PEFA assessment 2021/2022 confirmed the previous PEFA assessment from 2014 that the Greenland PFM system is functioning to good quality standards. Overall, comparison of 2020/2021 performance with in the PEFA of 2014 shows that 10 indicators have improved, 5 declined, and 13 stayed the same signifying commendable performance."}, {"bbox": [84, 449, 1143, 580], "category": "Text", "text": "However, despite the observed progress, the PEFA assessment 2021/2022 also identified some weaknesses, which are being addressed in the PFM Action Plan. The 2022-2024 PFM Action Plan provides a structured approach to address the identified weaknesses and monitor continued reform progress over time. Based on the Greenland 2021/2022 Agile PEFA assessment the following six main areas have been included in the PFM Action Plan 2022-2024:"}, {"bbox": [122, 613, 772, 639], "category": "List-item", "text": "* Presentation format of the draft fiscal bill and the fiscal bill (PI-05)"}, {"bbox": [122, 642, 686, 668], "category": "List-item", "text": "* Sector planning, sector budgeting and monitoring (PI-08)"}, {"bbox": [122, 670, 416, 696], "category": "List-item", "text": "* Fiscal risk reporting (PI-10)"}, {"bbox": [122, 698, 349, 724], "category": "List-item", "text": "* Procurement (PI-24)"}, {"bbox": [122, 726, 361, 752], "category": "List-item", "text": "* Internal Audit (PI-26)"}, {"bbox": [122, 754, 1076, 781], "category": "List-item", "text": "* Cross-cutting improvements in enterprise resource planning (ERP) underpinning of the PFM system"}, {"bbox": [84, 809, 1143, 864], "category": "Text", "text": "Given its formulation with indicators and specific (semi-) annual targets, the on-going PFM Action Plan provides a structured approach to monitor reform progress over time according to the following framework:"}, {"bbox": [122, 894, 1143, 974], "category": "List-item", "text": "* Follow-up is done informally on a regular basis by the implementing entities and in the form of presentations at the bi-annual Policy Dialogue meetings with the Commission, and formally through the annual progress reporting;"}, {"bbox": [122, 975, 1143, 1055], "category": "List-item", "text": "* The PFM Action Plan has political buy-in, and it is well-understood among politicians (and also within the administration) that satisfactory progress in developing PFM. The MoF and its underlying agencies are all supportive of the PFM reform process."}, {"bbox": [84, 1082, 1143, 1214], "category": "Text", "text": "The GoG has established a PFM Reform Steering Committee and a working group to prepare and manage a detailed masterplan following the outline of the PFM reform document. As per most recent PFM progress update (May 2022) the following eight targets under the six areas of the PFM Action Plan 2022-2024 were met, cf. table on targets and achievements below. A total of 4 out 8 targets were met making a 50% achievement as per May 2022."}, {"bbox": [84, 1291, 1114, 1560], "category": "Table", "text": "<table><thead><tr><td>Area</td><td>Focus areas for improvement</td><td>Targets Met/Total #</td></tr></thead><tbody><tr><td>PI-05</td><td>Macroeconomic and macro fiscal-context in the draft to the Finance Act</td><td>1/1</td></tr><tr><td>PI-08</td><td>Sector planning, sector budgeting and monitoring</td><td>0/1</td></tr><tr><td>PI-10</td><td>Fiscal risk reporting</td><td>0/1</td></tr><tr><td>PI-24</td><td>Procurement management</td><td>2/2</td></tr><tr><td>PI-26</td><td>Internal Audit</td><td>1/2</td></tr><tr><td>Overall</td><td>Cross-cutting improvements in the ERP system</td><td>1/1</td></tr></tbody></table>"}, {"bbox": [187, 1562, 327, 1586], "category": "Text", "text": "Result in total"}, {"bbox": [873, 1562, 972, 1586], "category": "Text", "text": "4/8 = 50%"}, {"bbox": [1026, 1681, 1143, 1705], "category": "Page-footer", "text": "Page 12 of 32"}]