Russian Federation : Fiscal Transparency Evaluation Update.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. Fiscal Affairs Dept.

Series:

IMF Staff Country Reports; Country Report ; No. 2019/329

IMF Staff Country Reports

Language:

English

Physical Description:

1 online resource (29 pages)

Edition:

1st ed.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2019.

Summary:

This Technical Assistance paper on the Russian Federation provides a summary of the changes to Russia’s fiscal transparency practices since 2014 and makes recommendations for further improvements. Russia has made important progress in enhancing the coverage and detail of fiscal reporting since 2014, but assurances of the quality and integrity of fiscal reporting remain incomplete. Reforms to the statistical treatment of taxes and nonfinancial assets have improved the comparability of budgets, statistics, and accounts but transparent reconciliations between the three are still not provided. It is imperative to make Rosstat fully independent of government and produce and publish metadata explaining in an accessible way how the main fiscal indicators or datasets are compiled. The ministry of finance has initiated an annual assessment of the quality of loans and will begin writing-down the value of doubtful debts from 2020. Separate detailed reconciliations of changes to revenue and expenditure are included in the documentation accompanying the annual budget.

Contents:

Cover

CONTENTS

PREFACE

EXECUTIVE SUMMARY

I. FISCAL REPORTING

A. Introduction

B. Updates to the 2014 Evaluation

C. Further Recommendations

II. FISCAL FORECASTING AND BUDGETING

B. Updates to 2014 Evaluation

III. FISCAL RISK ANALYSIS AND MANAGEMENT

FIGURES

1. Assets of the National Welfare Fund on April 1, 2019

2. Functional Composition of Classified Expenditure

3. Russia's Longer-term Fiscal Outlook from 2017 to 2036

4. Composition of Russia Natural Resource Reserves under Active Exploitation

TABLES

1. Fiscal Transparency Evaluation: Summary of Changes since 2014

2. Fiscal Reporting - Summary of Changes since 2014

3. Fiscal Forecasting and Budgeting - Summary of Changes since 2014

4. Fiscal Risk Analysis and Management: Summary of Changes since 2014

APPENDIX

I. 2014 FTE Recommendations: Progress Report.

Notes:

Description based on publisher supplied metadata and other sources.

ISBN:

9781513518435

1513518437

9781513518503

151351850X

OCLC:

1113924075