ES.1. Summary of Fiscal Transparency Evaluation
ES.2. Public Sector Financial Overview, 2017
1.1. Fiscal and Budget ProjectionDocuments
1.2. Subsector Contributions to Public Sector Results
1.3. Flows Between Central Government and Trusts
1.4. Reconciliation of Stocks and Flows for Trusts
1.5. Fiscal Reports Published by BCH
1.6. Summary of Fiscal Reporting Evaluation
2.1. Fiscal and Budget ProjectionDocuments
2.2. Documents Containing Medium-Term Fiscal Projections that Accompany the Budget Presentation
2.3. Characteristics of the Medium
previous two years are presented in a comparable form in the reference document. Projections of general account revenue and expenditure for the three years following the budget are provided in a Medium-Term Fiscal Projectionsdocument, which is submitted to the Diet separately from the budget documentation. A ceiling is specified for new guarantees that can be extended each year. Information on gross debt is detailed, and includes total guarantees outstanding. The budget documentation provides an aggregate figure for government holdings of securities (stocks, bonds
The paper provides an assessment of fiscal transparency practices in Japan against the requirements of the IMF code of good practices on fiscal transparency. The responsibilities of different levels of government, and of the separate branches of government, are well defined. The coordination and management of fiscal activity is fairly effective. There are many respects in which Japan meets high standards of fiscal transparency. Recent initiatives have improved fiscal transparency. There is nevertheless room for major progress in key areas.
This report evaluates Honduras’s fiscal transparency practices in relation to the IMF Fiscal Transparency Code (FTC). Honduras’s score is similar to those of other Latin American countries and emerging market economies that have undergone the evaluation. In relation to the fiscal transparency principles, Honduran practices are considered basic in 15 areas; good in seven areas; and advanced in six areas. Fiscal transparency practices in the area of fiscal forecasting and budgeting are the strongest, while the fiscal risk analysis and management practices are the weakest. Finally, Honduras’s current fiscal transparency practices fall short of the FTC principles in eight areas.
the quality, accessibility, and comparability of fiscal reports
the reliability and integrity of data.
2. Honduras’s fiscal reports are prepared and disseminated by different entities. Table
1.1 presents a summary of the principal fiscal and budget laws and documents reviewed during the mission.
Fiscal and Budget ProjectionDocuments
Budget Framework Law (LOP) and implementing regulations
Fiscal Responsibility Law and implementing regulations
TSC founding law (LOTSC)
Following satisfactory economic and financial performance under the Poverty Reduction and Growth Facility-supported program, performance was mixed. Benin should pursue a prudent debt-management policy with the support of the newly created debt committee. Implementation of the structural reform agenda is of critical importance for achieving the objectives of the Poverty Reduction Strategy Paper. Strengthening of the financial sector and maintaining external debt on a sustainable path is needed in Benin. Risks to the medium-term program remain, but they are manageable.
projectionsdocument written by this department, which constitutes a note accompanying the budget, uses the GFS presentation in particular for projecting the general government deficit, expenditure, revenue and breakdown. This note is adopted in Spring by the government and updated at time of the budget vote in Parliament. It is accessible on the website.
Users’ needs for more detailed data on revenue, expenditure and financing are not being met. It is difficult to reconcile consolidated GFS data with unconsolidated budget execution data as information on transactions
This report on the Observance of Standards and Codes data module provides a review of Lithuania’s data dissemination practices against the IMF’s Special Data Dissemination Standard, complemented by an in-depth assessment of the quality of the national accounts, consumer price index, producer price index, government finance, monetary, and balance-of-payments statistics, using the IMF’s Data Quality Assessment Framework. The quality of Lithuania’s macroeconomic statistics has improved significantly. The authorities have also established a good track record of implementing recommendations of the past IMF technical assistance missions in the area of statistics.