Chile: Report on Observance of Standards and Codes—Fiscal Transparency
August 5, 2003
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The Chilean government has succeeded in constructing and disseminating a clear view of its objectives and targets, both at the macroeconomic level and for individual budget programs. Government accountability to congress and the public is demonstrably being strengthened. A general reform challenge for Chile will be to institutionalize the many recent advances in transparency, so that they become permanent components of fiscal management. The flexibility inherent in such instruments as protocols and time-bound laws may contribute importantly to speedy and effective policy responses.
Subject: Budget planning and preparation, Economic sectors, Fiscal policy, Fiscal stance, Public debt, Public enterprises, Public financial management (PFM), Public sector
Keywords: annual budget, Budget planning and preparation, central bank, CR, final accounts, financial statement, fiscal policy, Fiscal stance, Global, government accounting base, government accounting basis, government equity holding, ISCR, management system, Public enterprises, Public sector, stabilization fund, state authorities
Pages:
35
Volume:
2003
DOI:
Issue:
237
Series:
Country Report No. 2003/237
Stock No:
1CHLEA0012003
ISBN:
9781451807516
ISSN:
1934-7685
