Romania: Fiscal Transparency Evaluation

International Monetary Fund

No 2015/067, IMF Staff Country Reports from International Monetary Fund

Abstract: The paper discusses recommendations made in a fiscal transparency evaluation report for Romania. Seven recommendations are made to improve the level of information available to decision makers and the public. The report recommends reducing fragmentation of existing fiscal reporting and expanding the institutional coverage to include the wider public sector. It also recommends improving the timeliness, quality, and integrity of fiscal reports and financial statements through publishing reconciliations between cash and accrual based reports and enforcing strict timelines for publication of financial statements.

Keywords: ISCR; CR; execution report; accounts payable; local government; budget submission; finance statistics; government assets; government ordinance; Budget planning and preparation; Fiscal risks; Macroeconomic and fiscal forecasts; Fiscal reporting; Europe; Africa; Global; IMF resident representative; summary evaluation; FAD staff; staff team of the International Monetary Fund; mission from the Fiscal Affairs Department; Government finance statistics manual (search for similar items in EconPapers)
Pages: 73
Date: 2015-03-11
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