Jordan: Technical Assistance Report-Fiscal Transparency Evaluation

International Monetary Fund

No 2021/224, IMF Staff Country Reports from International Monetary Fund

Abstract: Jordan has taken important steps to enhance its fiscal transparency over the past decade. Notably, there is a comprehensive legal framework for the management of public finances. Fiscal reports have become more comprehensive and cover a high proportion of public sector institutions. The frequency of in-year reporting is at an advanced level, as is the timeliness of publication of the government’s annual financial statements. Fiscal statistics are disseminated in accordance with international standards (SDDS). Fiscal forecasts and budgets have become more forward looking and policy oriented with the introduction of a five-year medium-term budget framework and a program classification. As a result of improvements in fiscal transparency practices, in the 2019 Open Budget Survey, Jordan scored above the global average for transparency, and is the only country in the region ranked overall as ‘green’ on this measure. Nevertheless, the FTE provides a more detailed and in-depth analysis with a broader focus.

Keywords: General government finance bulletin; equity ratio; General government debt; IMF mission; Jordan FTC rating; Budget planning and preparation; Fiscal risks; Fiscal reporting; Global; Middle East and Central Asia; Europe (search for similar items in EconPapers)
Pages: 69
Date: 2021-10-08
New Economics Papers: this item is included in nep-acc, nep-ara and nep-mac
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