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Sri Lanka: Report on the Observance of Standards and Codes—Fiscal Transparency Module
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2002: Issue 233
Language:
English
Publication Date:
29 Oct 2002
DOI:
https://doi.org/10.5089/9781451823523.002
ISBN:
9781451823523
ISSN:
1934-7685
Pages:
22
Keywords:
ISCR; CR; State accounts department; government regulation; Subnational government; energy monopoly; government equity holding; Obtain government approval; a number of government; accounting system; government program; Budget planning and preparation; Business enterprises; Contingent liabilities; Fiscal accounting and reporting
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This report evaluates the Observance of Standards and Codes on Fiscal Transparency for Sri Lanka. Sri Lanka has achieved a substantial degree of fiscal transparency in several important areas, including the legal and administrative framework for fiscal management, the compilation and publication of detailed accounts for the central government, and the maintenance of separate and aggregate accounts for public corporations. The government is also undertaking additional reforms to improve transparency, including the passage of a new Public Finance Act, and the development of a quantitative macroeconomic framework for budget preparation.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund