Albania: Fiscal Transparency Evaluation

International Monetary Fund

No 2016/005, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses key findings of the fiscal transparency evaluation for Albania. Many of the fundamental elements of fiscal transparency are now in place. The budget clearly shows the government’s forecasts of revenue and its plans for spending and for financing the deficit. The budget is detailed, showing spending on each of several hundred government programs. Reports on the implementation of the budget are frequent, timely, and comprehensive. Basic data on revenue and spending are published monthly, usually no more than 20 days after the end of the month. Quarterly and annual reports give more detailed information. There are even daily reports listing each government payment.

Keywords: ISCR; CR; annual budget; accounts payable; public finance; budget documentation; budget-execution report; draft budget Law; Ministry of Finance show exemption; fiscal year; reserve fund; real GDP; expenditure projection; debt holding; natural resources; GDP volatility; volatility in Albania; debt data; Budget planning and preparation; Fiscal risks; Government finance statistics; Macroeconomic and fiscal forecasts; Central and Eastern Europe (search for similar items in EconPapers)
Pages: 52
Date: 2016-01-15
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