Peru: Fiscal Transparency Evaluation

International Monetary Fund

No 2015/294, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper assesses Peru’s fiscal transparency practices in comparison with the IMF’s Fiscal Transparency Code, including the new draft pillar on resource revenue management. Peru’s practices meet most of the principles of the IMF’s Fiscal Transparency Code at good or advanced level. The country provides an extensive set of fiscal information with financial statements covering the entire public sector. There is a comprehensive budget supported by a solid fiscal framework with clear policy objectives embedded in numerical fiscal rules. The country also has a clear and comprehensive legal and fiscal regime for the management of resource revenue.

Keywords: ISCR; CR; resource revenue; natural resource; central government; annual budget; balance sheet; local government; accounts payable; average revenue; beneficial owner; potential GDP; subsoil assets; financial situation; budget documentation; budget execution report; management objective; Budget planning and preparation; Fiscal risks; Financial statements; Budget execution and treasury management; Global (search for similar items in EconPapers)
Pages: 98
Date: 2015-10-26
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