Guatemala: Fiscal Transparency Evaluation

December 9, 2016

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Format: Chicago

Guatemala: Fiscal Transparency Evaluation, (USA: International Monetary Fund, 2016) accessed September 20, 2024

Also available in: español

Summary

This paper discusses key findings of the Fiscal Transparency Evaluation report on Guatemala. Guatemala has transparency practices that achieve the ratings of basic, good, and advanced regarding three-quarters of the principles established in the IMF’s Fiscal Transparency Code. The wealth of information available and the systems in place related to the public sector’s execution of its budget, finances, and accounts allow for easy access by the population to an impressive volume of fiscal data. However, there is much room for improvement in the area of fiscal transparency. Establishing a new fiscal pact in which the medium-term fiscal targets are defined would help create fiscal predictability and ensure that the major challenges of social and economic development are met.

Subject: Budget execution and treasury management, Budget planning and preparation, Economic sectors, Expenditure, Financial statements, Public financial management (PFM), Public sector

Keywords: Accounts payable, Balance sheet, Budget execution and treasury management, Budget planning and preparation, Central government, Consolidated financial statement, CR, Financial asset, Financial statements, Fiscal year, Global, Insurance fund, ISCR, Organic law, Profit and loss, Public sector

Publication Details

Pages:

87
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/372
Stock No:

1GTMEA2016003
ISBN:

9781475558586
ISSN:

1934-7685

Notes

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