Russian Federation: Fiscal Transparency Evaluation

International Monetary Fund

No 2014/134, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses key findings of the pilot Fiscal Transparency Evaluation for the Russian Federation. Most aspects of Russia’s fiscal reporting and budgeting practices are in line with good or advanced practice under the July 2013 draft of the Fiscal Transparency Code. The disclosure and management of fiscal risks has significantly improved in recent years. The evaluation highlights a number of important areas where fiscal transparency practices could be further improved. Addressing these gaps in fiscal transparency practices would enable the government to provide a more complete picture of its fiscal position, prospects, and risks.

Keywords: ISCR; CR; annual budget; balance sheet; fiscal policy; reserve fund; net present value; financial activity; public-private partnership; investment fund; federal budget; General government balance sheet; Budget planning and preparation; Financial statements; Fiscal risks; Fiscal reporting; Africa; Australia and New Zealand; Global (search for similar items in EconPapers)
Pages: 81
Date: 2014-05-26
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