Chile: Fiscal Transparency Evaluation.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. Fiscal Affairs Dept.

Series:

IMF Staff Country Reports; Country Report ; No. 2021/241

IMF Staff Country Reports

Language:

English

Physical Description:

1 online resource (110 pages)

Other Title:

Chile

Place of Publication:

Washington, D.C. : International Monetary Fund, 2021.

Summary:

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.

Notes:

Description based on print version record.

ISBN:

9781616350949

1616350946