United Kingdom: Fiscal Transparency Evaluation
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
This report assesses fiscal transparency practices in the United Kingdom in relation to the requirements of the IMF’s new Fiscal Transparency Code (FTC). Across all pillars evaluated in the code, the United Kingdom scores very highly when compared with other countries that have undergone an assessment. Of the 48 principles in the FTC, the United Kingdom meets 9 principles at the basic level, 10 principles at the good level, and 23 principles at the advanced level. Fiscal transparency practices are strongest in the area of fiscal reporting and resource revenue management. In four principles, the United Kingdom’s transparency practices do not currently meet basic practice.
Series:
Country Report No. 2016/351
Subject:
Budget planning and preparation Economic sectors Expenditure Financial statements Public financial management (PFM) Public sector Revenue administration
English
Publication Date:
November 16, 2016
ISBN/ISSN:
9781475553451/1934-7685
Stock No:
1GBREA2016018
Pages:
88
Please address any questions about this title to publications@imf.org