The IMF Country Reports Series covers economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with officials of the country, is published at the option of the member.
Indonesia has improved fiscal transparency; tax legislation has been substantially revised; tax administration is improving; legal and administrative measures have been adopted to improve public sector governance; and important steps have been taken to rationalize government banking arrangements. However, much remains to be done to improve transparency. There is a large but crucial agenda to improve the monitoring of subnational budgetary and debt developments so as to improve the transparency and quality of fiscal policy at the general government level.