Costa Rica: Fiscal Transparency Assessment

International Monetary Fund

No 2013/316, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses pilot fiscal transparency assessment for Costa Rica. The assessment confirmed that Costa Rica has various excellent and sophisticated fiscal transparency practices. Those include: (1) institutional coverage with annual consolidated budgetary information for the entire public sector and monthly information for the Executive Branch; (2) information produced regarding tax expenditures; (3) an independent Office of the Comptroller General of the Republic that audits budget balances by May of the following year; and (4) a medium-term budgetary framework and budgetary projections with forecasts of key macroeconomic variables and the assumptions on which they are based. However, weaknesses do persist in some areas.

Keywords: ISCR; CR; executive branch; central government; accounts payable; fiscal report; government state; public finance; Budget planning and preparation; Public sector; Budget execution and treasury management; Fiscal reporting; Global; budget target; budget approval (search for similar items in EconPapers)
Pages: 66
Date: 2013-10-30
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