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Fiscal Transparency In Eu Accession Countries
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Book Synopsis Fiscal Transparency in EU Accession Countries by : Mr.William Allan
Download or read book Fiscal Transparency in EU Accession Countries written by Mr.William Allan and published by International Monetary Fund. This book was released on 2003-08-01 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the findings of fiscal transparency reports on standards and codes (ROSCs) for most EU accession candidate countries. Emphasis is given to the need to establish effective and accountable medium-term budget frameworks to establish policy credibility and anchor adjustment programs to meet EU fiscal goals. Adoption of budgeting and accounting standards consistent with the IMF Government Finance Statistics Manual 2001 framework will also help link budget decisions to EU standards of fiscal reporting. More consistent and comprehensive coverage of off-budget activities is needed for assessing fiscal risk and sustainability. Finally, local government issues need to be addressed by many of these countries since EU fiscal goals are set with reference to general government. Progress in all of these areas can be monitored by keeping fiscal ROSC assessments up to date.
Book Synopsis Fiscal Transparency in EU Accession Countries Progress and Future Challenges by : William A. Allan
Download or read book Fiscal Transparency in EU Accession Countries Progress and Future Challenges written by William A. Allan and published by . This book was released on 2006 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the findings of fiscal transparency reports on standards and codes (ROSCs) for most EU accession candidate countries. Emphasis is given to the need to establish effective and accountable medium-term budget frameworks to establish policy credibility and anchor adjustment programs to meet EU fiscal goals. Adoption of budgeting and accounting standards consistent with the IMF Government Finance Statistics Manual 2001 framework will also help link budget decisions to EU standards of fiscal reporting. More consistent and comprehensive coverage of off-budget activities is needed for assessing fiscal risk and sustainability. Finally, local government issues need to be addressed by many of these countries since EU fiscal goals are set with reference to general government. Progress in all of these areas can be monitored by keeping fiscal ROSC assessments up to date.
Author :Piotr Jaworski Publisher :University of London School of Slavonic & East European Studies ISBN 13 : Total Pages :196 pages Book Rating :4.F/5 ( download)
Book Synopsis Polish EU Accession in Comparative Perspective by : Piotr Jaworski
Download or read book Polish EU Accession in Comparative Perspective written by Piotr Jaworski and published by University of London School of Slavonic & East European Studies. This book was released on 2006 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Transparency in Government Operations by : Mr.J. D. Craig
Download or read book Transparency in Government Operations written by Mr.J. D. Craig and published by International Monetary Fund. This book was released on 1998-02-03 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis The Baltics by : International Monetary Fund
Download or read book The Baltics written by International Monetary Fund and published by International Monetary Fund. This book was released on 2002-01-24 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper on the Baltic countries analyzes medium-term fiscal issues related to European Union (EU) and NATO accession. The paper supports the Baltic authorities’ intention to aim at balancing their budgets over the economic cycle. The paper describes the Baltics’ current fiscal position and structure. It reviews theory and empirical evidence of the possible macroeconomic benefits of fiscal adjustment. It also reviews the experience of earlier EU accession countries prior to and after their accession. The medium-term fiscal frameworks are also presented.
Book Synopsis Greece by : International Monetary Fund
Download or read book Greece written by International Monetary Fund and published by International Monetary Fund. This book was released on 2005-02-10 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents an update to the Report on the Observance of Standards and Codes (ROSC)—Fiscal Transparency Module for Greece. As noted in previous updates of the fiscal ROSC, much progress has been made in Greece since joining the European Union in separating government from nongovernment functions, and more tightly delineating the boundaries between the government and the rest of the public sector. For this purpose, a consistent legal framework has been developed. However, there are a few areas where roles and responsibilities could be more clearly defined.
Book Synopsis Cyprus by : International Monetary Fund
Download or read book Cyprus written by International Monetary Fund and published by International Monetary Fund. This book was released on 2005-10-25 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Report on the Observance of Standards and Codes (ROSC) examines Fiscal Transparency for Cyprus. The report reveals that Cyprus has been making major progress in improving fiscal transparency, helped by the government’s efforts to strengthen budget management systems and comply with the European Union acquis communautaire. As a result, the country now fully meets or even exceeds the code’s standards in many areas. The momentum of fiscal management reform efforts should be maintained to meet the requirements of the code in additional areas.
Book Synopsis Fiscal Foundation of Convergence to European Union in Pre-Accession Transition Countries by : Laszlo Halpern
Download or read book Fiscal Foundation of Convergence to European Union in Pre-Accession Transition Countries written by Laszlo Halpern and published by . This book was released on 2016 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pre-Accession Transition Countries (PATCs) aim at early admittance to the monetary club. Their fiscal indicators - deficit and debt - do not show any serious symptoms. Closer scrutiny reveals, however, that the interest burden of their public debt might be underestimated, and that restructuring and unavoidable fiscal transparency may increase their debt significantly. All in all about 1 per cent primary surplus might be sufficient to remain on the safe side of their debt in the medium run. According to the estimated model the fiscal adjustment is driven by the external imbalance, the monetary conditions are determined by the fiscal stress and their growth is affected by fiscal and monetary stimuli.Die fiskalpolitischen Grundlagen für die Konvergenz der Transformationsländer hin zur Europäischen Union. Die Transformationsländer wollen möglichst schnell dem monetären Club beitreten. Ihre fiskalischen Indikatoren ? Defizite und Verschuldung ? weisen nicht auf ernsthafte Symptome für Probleme hin. Eine nähere Betrachtung zeigt jedoch, dass die Zinslast ihrer öffentlichen Verschuldung möglicherweise unterschätzt wird und dass eine Restruktierung im Zusammenhang mit einer unvermeidlichen fiskalischen Transparenz die Verschuldung beträchtlich ausweiten wird. Insgesamt wird ein Primärüberschuss von etwa 1 Prozent ausreichend sein, um in der mittleren Frist bei der Verschuldung auf der sicheren Seite zu sein. Nach dem geschätzten Modell wird die fiskalpolitische Anpassung durch das aussenwirtschaftliche Ungleichgewicht bestimmt, die monetären Bedingungen werden durch den fiskalischen Druck determiniert und das Wachstum wird durch fiskalische und monetäre Impulse beinflusst.
Book Synopsis Republic of Estonia by : International Monetary Fund
Download or read book Republic of Estonia written by International Monetary Fund and published by International Monetary Fund. This book was released on 2001-07-09 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Report on the Observance of Standards and Codes on Fiscal Transparency provides an assessment of fiscal transparency practices in Estonia. Being a leader among countries in transition, the country has achieved most of the requirements of fiscal transparency, especially in accrual accounting and fiscal management practices, which are needed to meet the demanding European Union standards for accession. There are several areas where transparency can be improved. The IMF staff has provided suggestions to improve the quality of data and fiscal reporting.
Book Synopsis Fisal Transparency in EU Accession Countries by : William Allan
Download or read book Fisal Transparency in EU Accession Countries written by William Allan and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Country-by-country Reporting and Other Financial Transparency Measures Affecting the European Union by : Petr Janský
Download or read book Country-by-country Reporting and Other Financial Transparency Measures Affecting the European Union written by Petr Janský and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we use the recently developed Bilateral Financial Secrecy Index to evaluate which countries supply most secrecy to EU Member States. Then, we assess how well-aimed are two of the EU's recent policy efforts to increase financial transparency: automatic Country-by-Country Reporting information exchange (CbCRIE) and the blacklist and the greylist of non-cooperative jurisdictions. We find that more than one-third of the financial secrecy that the EU faces comes from within the EU itself, and that the United States, Switzerland, and the Cayman Islands are the largest non-EU suppliers of secrecy to EU Member States. We report that active CbCRIE relationships now cover 79 per cent of the secrecy faced by the EU, but there is considerable heterogeneity in the share of secrecy that is covered by CbCRIE across the individual EU Member States, pointing to the potential to better aim the efforts of policymakers in identifying the most critical secrecy jurisdictions for individual countries. We further find that the blacklist and the greylist of noncooperative jurisdictions published by the European Commission overlap with our results for most of the critical jurisdictions, with the significant exception of the United States.
Book Synopsis Managing Public Expenditure A Reference Book for Transition Countries by : OECD
Download or read book Managing Public Expenditure A Reference Book for Transition Countries written by OECD and published by OECD Publishing. This book was released on 2001-03-20 with total page 497 pages. Available in PDF, EPUB and Kindle. Book excerpt: Managing Public Expenditure presents a comprehensive and in-depth analysis of all aspects of public expenditure management from the preparation of the budget to the execution, control and audit stages.
Book Synopsis Republic of Uzbekistan by : International Monetary Fund. Fiscal Affairs Dept.
Download or read book Republic of Uzbekistan written by International Monetary Fund. Fiscal Affairs Dept. and published by International Monetary Fund. This book was released on 2019-05-01 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Open Budgets written by Sanjeev Khagram and published by Brookings Institution Press. This book was released on 2013 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explicates political economy factors that have brought about greater transparency and participation in budget settings across Asia, Africa, and Latin America. This title presents the strategies, policies, and institutions through which improvements can occur and produce change in policy and institutional outcomes.
Book Synopsis Fiscal Transparency Handbook (2018) by : Sailendra Pattanayak
Download or read book Fiscal Transparency Handbook (2018) written by Sailendra Pattanayak and published by International Monetary Fund. This book was released on 2018-04-16 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Fiscal Transparency, Fiscal Performance and Credit Ratings by : Ms.Elif Arbatli
Download or read book Fiscal Transparency, Fiscal Performance and Credit Ratings written by Ms.Elif Arbatli and published by International Monetary Fund. This book was released on 2012-06-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the effect of fiscal transparency on market assessments of sovereign risk, as measured by credit ratings. It measures this effect through a direct channel (uncertainty reduction) and an indirect channel (better fiscal policies and outcomes), and it differentiates between advanced and developing economies. Fiscal transparency is measured by an index based on the IMF’s Reports on the Observance of Standards and Codes (ROSCs). We find that fiscal transparency has a positive and significant effect on ratings, but it works through different channels in advanced and developing economies. In advanced economies the indirect effect of transparency through better fiscal outcomes is more significant whereas for developing economies the direct uncertainty-reducing effect is more relevant. Our results suggest that a one standard deviation improvement in fiscal transparency index is associated with a significant increase in credit ratings: by 0.7 and 1 notches in advanced and developing economies respectively.
Author :International Monetary Fund Publisher :International Monetary Fund ISBN 13 :1498333583 Total Pages :165 pages Book Rating :4.4/5 (983 download)
Book Synopsis Manual on Fiscal Transparency, revised April 2007 by : International Monetary Fund
Download or read book Manual on Fiscal Transparency, revised April 2007 written by International Monetary Fund and published by International Monetary Fund. This book was released on 2007-04-20 with total page 165 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Manual, which is a companion document to the IMF’s Code of Good Practices on Fiscal Transparency (2007), has been revised to reflect the new Code and to provide more recent examples of good practice by individual countries. The Manual expands and explains the pillars and principles of the Code and provides richer and more in-depth coverage of each good practice. Country examples are taken from Reports on Standards and Codes (ROSCs). The Manual also includes new linkages to the Guide on Resource Revenue Transparency (2007), including reporting on contracts, quasi-fiscal activities and use of public assets.
