Former Yugoslav Republic of Macedonia: Fiscal Transparency Evaluation

International Monetary Fund

No 2018/299, IMF Staff Country Reports from International Monetary Fund

Abstract: This report assesses the state of fiscal transparency practices in the Former Yugoslav Republic of Macedonia against the IMF’s Fiscal Transparency Code. The report finds that Macedonia meets the standard of good or advanced practice on 13 of the 36 principles, and the basic standard on a further 12 principles. Moreover, in 5 of the areas where Macedonia’s transparency practices do not currently meet basic practice, this could be addressed by publishing data that are already collected for internal management purposes. It is recommended to expand the institutional coverage of fiscal and statistical reports, to include the activities of all institutional units that would be classified as part of the general government under international statistical standards.

Keywords: ISCR; CR; central government; real GDP; annual budget; accounts payable; debt management; natural resource; expenditure plan; foreign currency; spending outturn; Budget planning and preparation; Fiscal risks; Fiscal reporting; Europe; Global (search for similar items in EconPapers)
Pages: 67
Date: 2018-10-29
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