Colombia : Fiscal Transparency Evaluation.

This fiscal transparency evaluation (FTE) report assesses fiscal transparency practices in Colombia against the first three pillars of the IMF's Fiscal Transparency Code. Fiscal forecasting and budgeting-Pillar II-is the strongest area in Colombia's FTE. Half of the related indicators are...

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Korporativní autor: International Monetary Fund. Fiscal Affairs Dept
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2018.
Edice:IMF Staff Country Reports; Country Report ; No. 2018/250
On-line přístup:Full text available on IMF
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520 3 |a This fiscal transparency evaluation (FTE) report assesses fiscal transparency practices in Colombia against the first three pillars of the IMF's Fiscal Transparency Code. Fiscal forecasting and budgeting-Pillar II-is the strongest area in Colombia's FTE. Half of the related indicators are advanced, mostly in the areas of: (1) orderliness of the legislative process and the adequacy of powers and information available to Congress; (2) credibility of economic and fiscal forecasts; and (3) medium-term forecasts and policy orientation. Fiscal reporting-Pillar I-and fiscal risk analysis and management-Pillar III-also reveal clear strengths. Fiscal reporting practices are advanced in terms of the coverage of fiscal institutions in fiscal reports and timeliness of annual financial statements. 
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