Bulgaria: Report on the Observance of Standards and Codes: Fiscal Transparency Module

August 19, 2005

Preview Citation

Format: Chicago

Bulgaria: Report on the Observance of Standards and Codes: Fiscal Transparency Module, (USA: International Monetary Fund, 2005) accessed September 19, 2024

Summary

This report on the Observance of Standards and Codes on Fiscal Transparency on Bulgaria explains a detailed description of practice. Important areas where Bulgaria meets the code include the consistent use of the consolidated general government as the basis for fiscal policy and reporting; and clear articulation of fiscal targets and rules. The capacity of the Minister of Finance, under the terms of the current organic budget law, to authorize additional discretionary spending in the event of revenue overperformance, is problematic because it reduces fiscal transparency and also accountability to the parliament.

Subject: Budget execution and treasury management, Budget planning and preparation, Budget reporting, Expenditure, Fiscal law, Fiscal policy, Public financial management (PFM)

Keywords: Budget document, Budget execution and treasury management, Budget planning and preparation, Budget reporting, Central government, CR, Customs authorities, Draft State budget, Draft State budget Law, Equity holding, Fiscal law, Government policy, ISCR, Procedure code

Publication Details

Pages:

35
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/300
Stock No:

1BGREA2005002
ISBN:

9781451804522
ISSN:

1934-7685

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