Trends In Fiscal Transparency

Trends In Fiscal Transparency Book in PDF, ePub and Kindle version is available to download in english. Read online anytime anywhere directly from your device. Click on the download button below to get a free pdf file of Trends In Fiscal Transparency book. This book definitely worth reading, it is an incredibly well-written.

Trends in Fiscal Transparency

Rachel F Wang,Mr.Timothy Irwin,Lewis K Murara
Trends in Fiscal Transparency Book PDF

Author : Rachel F Wang,Mr.Timothy Irwin,Lewis K Murara
Publisher : International Monetary Fund
Page : 37 pages
File Size : 53,7 Mb
Release : 2015-08-05
Category : Business & Economics
ISBN : 9781513523965

Get Book

Trends in Fiscal Transparency by Rachel F Wang,Mr.Timothy Irwin,Lewis K Murara Pdf

Although there are several measures of fiscal transparency, none provides satisfactory information on certain issues of macroeconomic relevance, including whether fiscal data are available for all of general government, whether the government reports a balance sheet, and whether spending and revenue are reported on a cash or accrual basis. Drawing on government finance statistics reported to the IMF, this paper presents a new database of fiscal transparency for 186 countries in 2003–13 and derives from it indices of the overall comprehensiveness of fiscal statistics as well as specific indices of the coverage of public institutions, fiscal flows, and fiscal stocks, respectively. It finds evidence of gradual improvement, most notably in the coverage of institutions, but most countries’ reporting remains far from comprehensive

Stock-Flow Adjustments, Government’s Integrated Balance Sheet and Fiscal Transparency

Mr.Mike Seiferling
Stock Flow Adjustments Government s Integrated Balance Sheet and Fiscal Transparency Book PDF

Author : Mr.Mike Seiferling
Publisher : International Monetary Fund
Page : 48 pages
File Size : 45,9 Mb
Release : 2013-03-07
Category : Business & Economics
ISBN : 9781475570359

Get Book

Stock-Flow Adjustments, Government’s Integrated Balance Sheet and Fiscal Transparency by Mr.Mike Seiferling Pdf

This paper re-examines the stock-flow discrepancies of government debt and deficits and correlation with fiscal transparency. Applying the fully integrated relationship between financial stocks and flows allows for a more refined analysis of the deterministic components that make up the ‘stock-flow’ residual. Using partial measures of these stock-flow residuals, several empirical studies have found them to be significantly correlated with fiscaltransparency, inflation, fiscal rules, and banking crisis. Using fully integrated public finance data from the IMF Government Finance Statistics Yearbook for a sample of 22 countries, the findings in this paper suggest that stock-flow residuals have a significantly smaller magnitude than previously assumed and are, in fact, not correlated with fiscal transparency. A stronger determinant of fiscal transparency scores appears to be the actual reporting of fiscal data covering general government, especially a full financial balance sheet.

Transparency in Government Operations

Mr.J. D. Craig,Mr.George Kopits
Transparency in Government Operations Book PDF

Author : Mr.J. D. Craig,Mr.George Kopits
Publisher : International Monetary Fund
Page : 50 pages
File Size : 42,9 Mb
Release : 1998-02-03
Category : Business & Economics
ISBN : 9781557756978

Get Book

Transparency in Government Operations by Mr.J. D. Craig,Mr.George Kopits Pdf

Transparency in government operations is widely regarded as an important precondition for macroeconomic fiscal sustainability, good governance, and overall fiscal rectitude. Notably, the Interim Committee, at its April and September 1996 meetings, stressed the need for greater fiscal transparency. Prompted by these concerns, this paper represents a first attempt to address many of the aspects of transparency in government operations. It provides an overview of major issues in fiscal transparency and examines the IMF's role in promoting transparency in government operations.

Fiscal Transparency Handbook (2018)

Sailendra Pattanayak
Fiscal Transparency Handbook 2018 Book PDF

Author : Sailendra Pattanayak
Publisher : International Monetary Fund
Page : 182 pages
File Size : 52,6 Mb
Release : 2018-04-16
Category : Business & Economics
ISBN : 9781484348574

Get Book

Fiscal Transparency Handbook (2018) by Sailendra Pattanayak Pdf

The IMF’s Fiscal Transparency Code is the international standard for disclosure of information about public finances and is the centerpiece of the global architecture on fiscal transparency. The Fiscal Transparency Handbook (2018) provides detailed guidance on the implementation of the new Fiscal Transparency Code, which was approved by the IMF Board in 2014. It explains why each principle of the Code is important and describes current trends in implementation of the principles, noting relevant international standards as well. Selected country examples are also provided.

Stock-Flow Adjustments and Fiscal Transparency

Anke Weber
Stock Flow Adjustments and Fiscal Transparency Book PDF

Author : Anke Weber
Publisher : International Monetary Fund
Page : 19 pages
File Size : 55,9 Mb
Release : 2012-01-01
Category : Business & Economics
ISBN : 9781463933821

Get Book

Stock-Flow Adjustments and Fiscal Transparency by Anke Weber Pdf

Over the past three decades, large and persistent discrepancies between the annual change in public debt and the budget deficit, so-called stock-flow adjustments, were a prominent feature of debt dynamics in many economies. The aim of this paper is to investigate the underlying determinants of such discrepancies and their relationship with fiscal transparency using data for 163 countries. Results show that such discrepancies can only be partly explained by balance sheet effects and the realization of contingent liabilities and that significant differences exist in average stock-flow adjustments across countries reflecting country-specific factors. The more fiscally transparent the country, the smaller these tend to be. The contribution of stock-flow adjustments to increases in debt is likewise smaller in countries with above average fiscal transparency. This may not be coincidental, as a lack of fiscal transparency may make it easier for governments to engage in deceptive fiscal stratagems.

Stock-Flow Adjustments, Government's Integrated Balance Sheet and Fiscal Transparency

Mike Seiferling
Stock Flow Adjustments Government s Integrated Balance Sheet and Fiscal Transparency Book PDF

Author : Mike Seiferling
Publisher : Unknown
Page : 25 pages
File Size : 55,9 Mb
Release : 2013-03-07
Category : Electronic
ISBN : OCLC:840406728

Get Book

Stock-Flow Adjustments, Government's Integrated Balance Sheet and Fiscal Transparency by Mike Seiferling Pdf

This paper re-examines the stock-flow discrepancies of government debt and deficits and correlation with fiscal transparency. Applying the fully integrated relationship between financial stocks and flows allows for a more refined analysis of the deterministic components that make up the ‘stock-flow’ residual. Using partial measures of these stock-flow residuals, several empirical studies have found them to be significantly correlated with fiscaltransparency, inflation, fiscal rules, and banking crisis. Using fully integrated public finance data from the IMF Government Finance Statistics Yearbook for a sample of 22 countries, the findings in this paper suggest that stock-flow residuals have a significantly smaller magnitude than previously assumed and are, in fact, not correlated with fiscal transparency. A stronger determinant of fiscal transparency scores appears to be the actual reporting of fiscal data covering general government, especially a full financial balance sheet.

Senegal

International Monetary Fund. Fiscal Affairs Dept.
Senegal Book PDF

Author : International Monetary Fund. Fiscal Affairs Dept.
Publisher : International Monetary Fund
Page : 88 pages
File Size : 55,8 Mb
Release : 2019-01-30
Category : Business & Economics
ISBN : 9781484397190

Get Book

Senegal by International Monetary Fund. Fiscal Affairs Dept. Pdf

Senegal is the first country in sub-Saharan Africa with a Francophone approach to public financial management to volunteer for a fiscal transparency evaluation (FTE). This evaluation applies the standards and practices established in the IMF’s Fiscal Transparency Code (the Code), adopted in 2014. The Code is built around three pillars: (I) Fiscal Reporting; (II) Fiscal Forecasting and Budgeting; and (III) Fiscal Risk Analysis and Management. Altogether it assesses compliance with 36 FTE principles. Pillar I requires that fiscal reporting provide a thorough, relevant, current and reliable picture of general government fiscal outcomes. Pillar II requires budgets, and the macroeconomic forecasts they rely on, to spell out the fiscal objectives and policies targeted by the government; and that they provide comprehensive and credible projections of fiscal trends. Pillar III addresses the need to communicate, analyze and manage fiscal vulnerabilities and to ensure effective coordination of the public sector decision-making process. To take countries’ varying degrees of institutional capacity into account, the Code differentiates between basic, good, and advanced practices for each principle. If the basic level is not attained, the practice is regarded as ”not met.”

Manual on Fiscal Transparency

International Monetary Fund. Fiscal Affairs Department
Manual on Fiscal Transparency Book PDF

Author : International Monetary Fund. Fiscal Affairs Department
Publisher : International Monetary Fund
Page : 96 pages
File Size : 52,6 Mb
Release : 2001
Category : Business & Economics
ISBN : UCSD:31822031894561

Get Book

Manual on Fiscal Transparency by International Monetary Fund. Fiscal Affairs Department Pdf

In preparing the Manual, a number of points have been taken into account. First, the Code is being implemented on a voluntary basis. To promote an appreciation of the rationale for the Code, and an understanding of its fiscal transparency requirements, the Manual sets out in detail the principles and practices included in the Code. However, because of the complexity of fiscal management systems, the Manual does not provide comprehensive directions on how all the good practices are to be put in place. Instead, it contains numerous references and website addresses that can assist with the practical implementation of the Code. Second, fiscal transparency is only one aspect of good fiscal management, and care is needed to distinguish fiscal transparency from two other key aspects, namely the efficiency of fiscal policy, and the soundness of public finances. Third, diversity of institutional backgrounds and capacity constraints to improving fiscal management are clearly recognized. For this reason, the Code is not a best practice standard. Rather, it is a set of good practices that can be implemented by most countries over the medium to longer term.

Portugal

International Monetary Fund. Fiscal Affairs Dept.
Portugal Book PDF

Author : International Monetary Fund. Fiscal Affairs Dept.
Publisher : International Monetary Fund
Page : 83 pages
File Size : 46,9 Mb
Release : 2014-10-06
Category : Business & Economics
ISBN : 9781498314732

Get Book

Portugal by International Monetary Fund. Fiscal Affairs Dept. Pdf

EXECUTIVE SUMMARY Portugal’s practices meet most of the principles of the revised Fiscal Transparency Code at good or advanced levels. A number of areas still present practices at a basic level, but in most of these cases this reflects reforms that have recently been launched and have not yet been fully implemented so as to affect current practices. Indeed, if measured against the practices observed prior to the recent financial crisis, there has been remarkable progress. The challenge is to press ahead with the reform agenda so that all fiscal transparency practices meet good or advanced levels, thus strengthening even further the management of public finances and the associated risks. The key findings of the present Fiscal Transparency Evaluation are: • Fiscal reporting is in line with good or advanced practices, particularly in compliance with EU requirements and ESA 95 standards, but still lacks a sound conceptual accounting framework based on internationally accepted standards. • Fiscal forecasting and budgeting have improved over the last three years, although investment evaluation only meets the basic standard of the Code. • Reporting of fiscal risks is in its infancy and in spite of numerous initiatives undertaken in the last few years, such as the publication of a fiscal risk statement, remains fragmented. The large amount and good quality of information available allows a very preliminary and partial estimate of the public sector net worth and total risk exposure. An estimated negative net worth position of 140 percent of GDP (including the liabilities of the main defined-benefits employment-related pension scheme) and a sizeable exposure to various contingent liabilities, although some of these have a low probability of crystallizing, are reminders of the still fragile status of Portugal’s public finances.

Republic of Uzbekistan

International Monetary Fund. Fiscal Affairs Dept.
Republic of Uzbekistan Book PDF

Author : International Monetary Fund. Fiscal Affairs Dept.
Publisher : International Monetary Fund
Page : 76 pages
File Size : 53,5 Mb
Release : 2019-05-01
Category : Business & Economics
ISBN : 9781498312745

Get Book

Republic of Uzbekistan by International Monetary Fund. Fiscal Affairs Dept. Pdf

This Fiscal Transparency Evaluation report highlights that Uzbekistan is embarking on a comprehensive reform program to strengthen public financial management and fiscal transparency. Wide-ranging reforms to improve the coverage, reliability, quality, and accessibility of fiscal reports are being developed and implemented, and some good progress already made. This assessment of fiscal transparency practices has been undertaken to support the government’s efforts to increase transparency by identifying priority areas for reform. An evaluation of practices against the IMF’s Fiscal Transparency Code (the Code) finds that tangible gains have been made over 2017 and 2018. In several areas where Uzbekistan’s practices do not currently meet the basic standard required under the Code, quick progress can be made. The report also provides a more detailed evaluation of Uzbekistan’s fiscal transparency practices and recommended reform priorities. Strengthening legislative oversight of the state budget with a view to reducing the extent to which in-year changes can be made to aggregate expenditures without prior parliamentary approval.

Improving Fiscal Transparency to Raise Government Efficiency and Reduce Corruption Vulnerabilities in Central, Eastern, and Southeastern Europe

Mr.Bernardin Akitoby,Mr.Larry Q Cui,Silvia Domit,Jingzhou Meng,Mr.Slavi T Slavov,Mrs.Nujin Suphaphiphat,Hanqi Zhang
Improving Fiscal Transparency to Raise Government Efficiency and Reduce Corruption Vulnerabilities in Central Eastern and Southeastern Europe Book PDF

Author : Mr.Bernardin Akitoby,Mr.Larry Q Cui,Silvia Domit,Jingzhou Meng,Mr.Slavi T Slavov,Mrs.Nujin Suphaphiphat,Hanqi Zhang
Publisher : International Monetary Fund
Page : 66 pages
File Size : 48,7 Mb
Release : 2020-05-11
Category : Business & Economics
ISBN : 9781513532837

Get Book

Improving Fiscal Transparency to Raise Government Efficiency and Reduce Corruption Vulnerabilities in Central, Eastern, and Southeastern Europe by Mr.Bernardin Akitoby,Mr.Larry Q Cui,Silvia Domit,Jingzhou Meng,Mr.Slavi T Slavov,Mrs.Nujin Suphaphiphat,Hanqi Zhang Pdf

This departmental paper investigates how countries in Central, Eastern, and Southeastern Europe (CESEE) can improve fiscal transparency, thereby raising government efficiency and reducing corruption vulnerabilities.

Open Budgets

Sanjeev Khagram,Archon Fung,Paolo de Renzio
Open Budgets Book PDF

Author : Sanjeev Khagram,Archon Fung,Paolo de Renzio
Publisher : Brookings Institution Press
Page : 272 pages
File Size : 53,8 Mb
Release : 2013-04-04
Category : Political Science
ISBN : 9780815723387

Get Book

Open Budgets by Sanjeev Khagram,Archon Fung,Paolo de Renzio Pdf

A Brookings Institution Press and Ash Center for Democratic Governance and Innovation publication Decisions about "who gets what, when, and how" are perhaps the most important that any government must make. So it should not be remarkable that around the world, public officials responsible for public budgeting are facing demands—from their own citizenry, other government officials, economic actors, and increasingly from international sources—to make their patterns of spending more transparent and their processes more participatory. Surprisingly, rigorous analysis of the causes and consequences of fiscal transparency is thin at best. Open Budgets seeks to fill this gap in existing knowledge by answering a few broad questions: How and why do improvements in fiscal transparency and participation come about? How are they sustained over time? When and how do increased fiscal transparency and participation lead to improved government responsiveness and accountability? Contributors: Steven Friedman (Rhodes University/University of Johannesburg); Jorge Antonio Alves (Queens College, CUNY) and Patrick Heller (Brown University); Jong-sung You (University of California—San Diego) and Wonhee Lee (Hankyung National University); John M. Ackerman (National Autonomous University of Mexico and Mexican Law Review); Aaron Schneider (University of Denver) and Annabella España-Najéra (California State University–Fresno); Barak D. Hoffman (Georgetown University); Jonathan Warren and Huong Nguyen (University of Washington); Linda Beck (University of Maine–Farmington and Columbia University), E. H. Seydou Nourou Toure (Institut Fondamental de l'Afrique Noire), and Aliou Faye (Senegal Ministry of the Economy and Finance).

Fiscal Transparency Handbook (2018)

International Monetary Fund. Fiscal Affairs Dept.
Fiscal Transparency Handbook 2018 Book PDF

Author : International Monetary Fund. Fiscal Affairs Dept.
Publisher : International Monetary Fund
Page : 182 pages
File Size : 53,5 Mb
Release : 2018-04-16
Category : Business & Economics
ISBN : 9781484331859

Get Book

Fiscal Transparency Handbook (2018) by International Monetary Fund. Fiscal Affairs Dept. Pdf

The IMF’s Fiscal Transparency Code is the international standard for disclosure of information about public finances and is the centerpiece of the global architecture on fiscal transparency. The Fiscal Transparency Handbook (2018) provides detailed guidance on the implementation of the new Fiscal Transparency Code, which was approved by the IMF Board in 2014. It explains why each principle of the Code is important and describes current trends in implementation of the principles, noting relevant international standards as well. Selected country examples are also provided.

Manual on Fiscal Transparency (2007)

Anonim
Manual on Fiscal Transparency 2007 Book PDF

Author : Anonim
Publisher : International Monetary Fund
Page : 162 pages
File Size : 43,7 Mb
Release : 2007-10-19
Category : Business & Economics
ISBN : UCSD:31822035343086

Get Book

Manual on Fiscal Transparency (2007) by Anonim Pdf

Provides an authoritative account and explanation of the revised IMF Code of Good Practices on Fiscal Transparency (the Code), used by countries undertaking assessments of the transparency of their fiscal management practices (including so-called fiscal ROSCs), legislatures, civil society organizations, economists, and financial analysts. Supplemented by the revised Guide on Resource Revenue Transparency, it identifies numerous benefits from fiscal transparency, including providing citizens with information to hold governments accountable for their policy choices, informing and improving the quality of economic policy decisions, highlighting potential risks to the fiscal outlook, and easing a country's access to international capital markets.--Publisher's description.

Czech Republic Report on the Observance of Standards and Codes?Fiscal Transparency Banking Supervision Insurance Regulation Securities Regulation Payment Systems and Monetary and Financial Policy Transparency Updates

International Monetary Fund
Czech Republic Report on the Observance of Standards and Codes Fiscal Transparency Banking Supervision Insurance Regulation Securities Regulation Payment Systems and Monetary and Financial Policy Transparency Updates Book PDF

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 11 pages
File Size : 54,9 Mb
Release : 2002-08-07
Category : Business & Economics
ISBN : 9781451810158

Get Book

Czech Republic Report on the Observance of Standards and Codes?Fiscal Transparency Banking Supervision Insurance Regulation Securities Regulation Payment Systems and Monetary and Financial Policy Transparency Updates by International Monetary Fund Pdf

This paper presents an update to the Czech Republic’s Report on the Observance of Standards and Codes (ROSC) on Fiscal Transparency, Banking Supervision, Insurance Regulation, Securities Regulation, Payment Systems, and Monetary and Financial Policy Transparency. The Czech Republic continues to lack a comprehensive perspective on fiscal risks. Although the extension of government guarantees has dropped sharply, other forms of contingent liabilities are still not fully captured, for example, those resulting from the operations of the National Property Fund or the Czech Consolidation Agency. Moreover, there is no requirement to quantify tax expenditures.