Ireland : Fiscal Transparency Assessment.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. Fiscal Affairs Department.

Contributor:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2013/209

IMF Staff Country Reports

Language:

English

Subjects (All):

Fiscal policy--Ireland.

Fiscal policy.

Ireland--Economic conditions.

Ireland.

Physical Description:

1 online resource (97 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2013.

Language Note:

English

Summary:

This paper discusses Ireland’s Fiscal Transparency Assessment. The Irish government has ambitious plans to improve further the timeliness, quality, and comprehensiveness of its budgets, statistics, and accounts. Ireland has the capacity and information to bring its fiscal transparency practices into line with international best practice standards within a reasonable time frame, and at relatively modest additional cost. The Irish administration already incurs many of the fixed and ongoing costs associated with modern accrual-based accounting, and risk-based fiscal management. Fiscal reporting in Ireland is characterized by a high degree of disclosure but also a high degree of fragmentation.

Contents:

Cover; Contents; Abbreviations; Preface; Executive Summary; TABLES; 0.1. Public Sector Financial Overview, 2011; 0.2. Summary Assessment against Fiscal Transparency Code; I. Fiscal Reporting; 1.0. Introduction; 1.1. Coverage of Fiscal Reports; 1.1. List of Fiscal Reports; 1.2. Public Sector: Institutional Composition and Finances (2011); FIGURES; 1.1. Coverage of Public Sector Institutions in Fiscal Reports; 1.2. Public Sector Gross Liabilities; 1.3. Public Sector Balance Sheet and Coverage in Fiscal Reports; 1.4. Public Sector Net Worth in Selected Countries

1.5. Gross Public Sector Pension Liabilities in Selected Countries1.3. Cash to Accrual Adjustments; 1.2. Frequency and Timeliness of Fiscal Reporting; 1.6. Revenue Loss from Tax Expenditures; 1.3. Quality of Fiscal Reports; 1.4. National Classification vs. International Standards; 1.7. Stock-Flow Adjustments; 1.4. Integrity of Fiscal Reports; 1.8. Size of Historical Fiscal Data Revisions; 1.5. Conclusions; 1.5. Summary Assessment of Fiscal Reporting Practices; II. Fiscal Forecasting and Budgeting; 2.0 Introduction; 2.1 Comprehensiveness of Budget Documentation

2.1. Fiscal Forecasting and Budget Documents2.1. Revenues Retained Outside the Budget; 2.2. Average Real GDP Absolute Forecast Errors, 1998-2007; 2.3. Average Real GDP Forecast Errors 1998-2007; 2.4. Real GDP Forecast History; 2.2. Timeliness of Budget Submission and Approval; 2.5. Average Budget Balance Forecasting Error 1998-2007; 2.3. Policy Orientation of the Budget; 2.6. Example of Distributional Analysis; 2.4. Credibility of Forecasts and Budgets; 2.7. Example of Debt Sustainability Analysis for Ireland; 2.8. Budgeted Expenditure versus Outturn; 2.5. Conclusions

2.2. Summary Assessment of Ireland's Fiscal Forecasting and BudgetingIII. Fiscal Risk Analysis and Management; 3.0 Introduction; 3.1. Indebtedness and Leverage in Selected Advanced Economies, 2012; 3.2. Selected Reports Related to Fiscal Risk; 3.1. Fiscal Risk Analysis; 3.1. Indicators of Macrofiscal Risk in the Euro Area, 1999-2008; 3.2. IFAC's Estimate of Uncertainty Surrounding Future Deficits; 3.3. Selected Contingent Liabilities of General Government; 3.2. Management of Fiscal Risk; 3.4. Reconciling Revenue and Expenditure between Exchequer and the Government

3.5. Selected Other Assets and Liabilities, 20113.3. General Government Financial Assets and Liabilities, 2002-12; 3.4. Guaranteed Liabilities, 2008-12; 3.5. Government Guarantees Related to Financial Crisis, Euro Area, 2011; 3.6. Government Guarantees, End-2011; 3.7. Indicators of Banking Financial Stability in Europe, 2012; 3.6. Estimated Size of PPPs in Ireland, Portugal, and UK; 3.8. Nominal and Market Values of Derivatives, 2010-12; 3.7. Net Value of Derivatives of General Government, 2002-12 (Q3); 3.3. Fiscal Coordination; 3.8. Subnational Government Spending

3.9. Local Government Debt and Debt Service to Revenue Ratios

Notes:

Description based upon print version of record.

Description based on print version record.

ISBN:

9781484306543

1484306546

9781484310984

1484310985

9781484384305

148438430X