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Cover IMF Staff Country Reports
Chile: Fiscal Transparency Evaluation
International Monetary Fund. Fiscal Affairs Dept.
Strong fiscal institutions have contributed to Chile’s macroeconomic stability, and recent reform initiatives have focused on enhancing these institutions and fiscal transparency. This report assesses fiscal transparency practices in Chile in relation to the requirements of the IMF’s Fiscal Transparency Code and confirms that many elements of sound fiscal transparency practices are already in place. Chile’s practices meet the principles of the code at a good or advanced level for 21 out of the 36 principles. This is a good score, compared to the average for Latin American Countries and Emerging Market Economies. On a further nine principles, Chile meets the basic standard of practice. Chile’s fiscal transparency practices are very strong for fiscal forecasting and budgeting, followed by fiscal reporting, while fiscal risk analysis and management demonstrate more mixed results. Further improvements could be achieved relatively easily through the publication of some internal analyses or through a more timely or user-friendly publication of already available information.
Keywords:
IMF mission team; government finance statistics manual; Chilean authorities; IMF's Fiscal Affairs Department; IMF team; Budget planning and preparation; Fiscal risks; Financial statements; Government finance statistics; Global; Africa
Cover IMF Staff Country Reports
Republic of Kazakhstan: Technical Assistance Report-Government Finance Statistics
International Monetary Fund. Statistics Dept.
The mission welcomes the progress made by the RK in improving the quality of GFS. The Ministry of Finance has taken into account several recommendations of the previous mission on increasing transparency, improving data quality, and regarding the channels used to provide GFS. In particular, updated bridge tables are used when generating statistics, National Fund (NF) data are recorded separately from national budget (NB) data, and GFS are disseminated through the IMF Integrated Data Collection System.
Keywords:
E. government sector debt statistics; General government sector; authorities of the Republic of Kazakhstan; C. budget classification; government entity; Government finance statistics; Public sector; Budget classification
Cover IMF Staff Country Reports
Kenya: Technical Assistance Report—Improving the Quality of Fiscal and Public Debt Data (October 7-16, 2019)
International Monetary Fund. Statistics Dept.
In response to a request from the Government of Kenya, an AFRITAC East (AFE) government finance statistics (GFS) technical assistance (TA) mission was conducted in Nairobi, Kenya, during October 7–16, 2019. The primary objective of the mission was to support staff in improving the quality of fiscal and public debt data for the general government and migration of the fiscal framework to Government Finance Statistics Manual 2014 (GFSM 2014) concepts to facilitate fiscal and debt policy analysis for improved public financial management. This is a continuation of the ongoing efforts in capacity development aimed at supporting member countries to adopt the GFSM 2014 and the Public Sector Debt Statistics Guide (PSDSG 2011).
Keywords:
IMF PSDS Questionnaire; appendix XI; appendix I. Implementation of recommendation; BCG statement; TA mission; Government finance statistics; Public sector; Fiscal governance; Total expenditures; Global