IMF Staff Country Reports

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

Publication Date:

March 12, 2002

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This report evaluates the Observance of Standards and Codes on the Fiscal Transparency Module for Canada. Fiscal management in Canada meets the requirements of the fiscal transparency code and in a number of instances represents best practice. Recent reforms by federal and provincial governments continue to improve transparency. The federal government has been particularly innovative in the use of private sector economic forecasts, prudence factors, and a contingency reserve in its fiscal forecasts. Canada also deserves high marks for statistical integrity, impartial tax administration, open procurement, and a transparent regulatory process.

Series:

Country Report No. 2002/051

Subject:

Budget planning and preparation Expenditure Financial statements Fiscal accounting and reporting Labor Public employment Public financial management (PFM)