Cyprus: Report on the Observance of Standards and Codes: Fiscal Transparency Module

International Monetary Fund

No 2005/382, IMF Staff Country Reports from International Monetary Fund

Abstract: This Report on the Observance of Standards and Codes (ROSC) examines Fiscal Transparency for Cyprus. The report reveals that Cyprus has been making major progress in improving fiscal transparency, helped by the government’s efforts to strengthen budget management systems and comply with the European Union acquis communautaire. As a result, the country now fully meets or even exceeds the code’s standards in many areas. The momentum of fiscal management reform efforts should be maintained to meet the requirements of the code in additional areas.

Keywords: ISCR; CR; government organization; General government debt data; telecommunications authority; government-controlled companies; minister of finance; annual budget; central bank; development plan; internal audit; central government; State aid; accounting system; Budget planning and preparation; Fiscal accounting and reporting; Public employment (search for similar items in EconPapers)
Pages: 45
Date: 2005-10-25
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