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Panama: Fiscal Transparency Evaluation
Author:
Cigdem Aslan
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,
David S Bailey
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Felipe Bardella
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Lesley Fisher
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Camilo Gomez-Osorio
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Jean-Baptiste Gros
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Timothy C Irwin
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Series:
High-Level Summary Technical Assistance Reports
Volume/Issue:
Volume 2024: Issue 052
Language:
English
Publication Date:
27 Dec 2024
DOI:
https://doi.org/10.5089/9798400297618.029
ISBN:
9798400297618
ISSN:
2959-4103
Pages:
4
Keywords:
Fiscal Transparency; Fiscal Reporting; Financial Statements; Auditing; Fiscal Forecasting; Fiscal Planning; Budgeting; Fiscal Policy Objectives; Fiscal Risk; Macroeconomic Risks; Specific Fiscal Risks; Fiscal Coordination; IMF team; capacity development recipient; deficit target; revenue compare; Social-Fiscal Responsibility Law; Fiscal risks; Fiscal Transparency Evaluation (FTE); Budget planning and preparation; Fiscal law; Macroeconomic and fiscal forecasts; Global
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An IMF team found that Panama has a cash-based system of budgeting and accounting that generates good information on many aspects of public finances. There are, however, many weaknesses in the system which diverge from the sound practices included in the Fund's Fiscal Transparency Code. Panama's ratings are lower than those of regional comparators, especially in the area of fiscal risks. The team developed high-priority recommendations to improve Panama's fiscal transparency principles.
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Cover High-Level Summary Technical Assistance Reports
High-Level Summary Technical Assistance Reports
ISSN:
2957-658X
Publisher:
International Monetary Fund