Colombia : Fiscal Transparency Evaluation
Author/Editor:
International Monetary Fund. Western Hemisphere Dept.
Publication Date:
August 2, 2018
Electronic Access:
Free Full Text. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
This fiscal transparency evaluation (FTE) assesses fiscal transparency practices in Colombia against the first three pillars of the IMF’s Fiscal Transparency Code (FTC). Pillar I requires that fiscal reports provide a comprehensive, relevant, timely, and reliable overview of the government’s financial position and performance; Pillar II requires that budgets and their underlying fiscal forecasts provide a clear statement of the government’s budgetary objectives and policy intentions, and comprehensive, timely, and credible projections of the evolution of the public finances; and Pillar III stipulates that governments disclose, analyze, and manage risks to the public finances and ensure effective coordination of fiscal decision-making across the public sector.
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