Chile Fiscal Transparency Evaluation
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Author | : International Monetary |
Publisher | : International Monetary Fund |
Total Pages | : 110 |
Release | : 2021-11-11 |
Genre | : Business & Economics |
ISBN | : 1616350709 |
Strong fiscal institutions have contributed to Chile’s macroeconomic stability, and recent reform initiatives have focused on enhancing these institutions and fiscal transparency. This report assesses fiscal transparency practices in Chile in relation to the requirements of the IMF’s Fiscal Transparency Code and confirms that many elements of sound fiscal transparency practices are already in place. Chile’s practices meet the principles of the code at a good or advanced level for 21 out of the 36 principles. This is a good score, compared to the average for Latin American Countries and Emerging Market Economies. On a further nine principles, Chile meets the basic standard of practice. Chile’s fiscal transparency practices are very strong for fiscal forecasting and budgeting, followed by fiscal reporting, while fiscal risk analysis and management demonstrate more mixed results. Further improvements could be achieved relatively easily through the publication of some internal analyses or through a more timely or user-friendly publication of already available information.
Author | : Mr.J. D. Craig |
Publisher | : International Monetary Fund |
Total Pages | : 50 |
Release | : 1998-02-03 |
Genre | : Business & Economics |
ISBN | : 155775697X |
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.
Author | : Mr.Bernardin Akitoby |
Publisher | : International Monetary Fund |
Total Pages | : 66 |
Release | : 2020-05-11 |
Genre | : Business & Economics |
ISBN | : 1513532839 |
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.
Author | : |
Publisher | : International Monetary Fund |
Total Pages | : 162 |
Release | : 2007-10-19 |
Genre | : Business & Economics |
ISBN | : |
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.
Author | : International Monetary |
Publisher | : International Monetary Fund |
Total Pages | : 93 |
Release | : 2021-07-23 |
Genre | : Business & Economics |
ISBN | : 1513592181 |
Reflecting an ongoing commitment to enhancing fiscal transparency, Maldives is the first small island state, and the second country in Asia, to have undertaken a Fiscal Transparency Evaluation (FTE). The Government of the Maldives (GoM) recognizes the importance of transparency in fiscal management and in delivering on its ambitious policy agenda, while responding to current challenges within a tight fiscal environment. This report assesses fiscal transparency practices in Maldives against the first three pillars of the IMF’s Fiscal Transparency Code (FTC).
Author | : OECD |
Publisher | : OECD Publishing |
Total Pages | : 326 |
Release | : 2017-03-27 |
Genre | : |
ISBN | : 9264267999 |
This publication contains the following four parts: A model Competent Authority Agreement (CAA) for the automatic exchange of CRS information; the Common Reporting Standard; the Commentaries on the CAA and the CRS; and the CRS XML Schema User Guide.
Author | : International Monetary |
Publisher | : International Monetary Fund |
Total Pages | : 68 |
Release | : 2022-08-29 |
Genre | : Business & Economics |
ISBN | : |
After an impressive recovery from the fallout of the Covid-19 pandemic, the Chilean economy is confronting an acute deterioration of the external environment. Downside risks have materialized, including a tightening of global financial conditions, a slowdown in global growth, and a substantial drop in Chile’s terms of trade. Domestic economic policies are appropriately being recalibrated to mitigate risks and preserve macroeconomic stability, while supporting vulnerable groups. The authorities will continue leveraging on Chile’s very strong fundamentals and policy frameworks to implement an ambitious reform agenda in a challenging external environment.
Author | : International Monetary |
Publisher | : International Monetary Fund |
Total Pages | : 43 |
Release | : 2022-05-24 |
Genre | : Business & Economics |
ISBN | : |
The Chilean economy has rapidly recovered from the fallout of the Covid-19 pandemic, thanks to an impressive vaccination campaign and effective policy support. The authorities will continue leveraging on Chile’s very strong fundamentals and policy frameworks to safeguard the recovery, preserve macroeconomic stability, and boost inclusive and green growth.
Author | : International Monetary Fund. Fiscal Affairs Dept. |
Publisher | : International Monetary Fund |
Total Pages | : 182 |
Release | : 2018-04-16 |
Genre | : Business & Economics |
ISBN | : 1484331850 |
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.
Author | : International Monetary Fund. Western Hemisphere Dept. |
Publisher | : International Monetary Fund |
Total Pages | : 75 |
Release | : 2024-08-28 |
Genre | : |
ISBN | : |
The imbalances built during the pandemic have been largely resolved shifting priorities to supporting stronger, more inclusive and greener medium-term growth. The near-term outlook has improved, primarily due to higher copper prices and prospects for increased lithium production. In this context, policies are focused on creating conditions to add dynamism to the economy such as expediting investment permits while continuing with reforms to increase tax revenue and reduce inequality. The authorities remain fully committed to maintaining very strong policies and policy frameworks.