IMF Staff Country Reports

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

Publication Date:

October 29, 2002

Electronic Access:

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Summary:

This report evaluates the Observance of Standards and Codes on Fiscal Transparency for Sri Lanka. Sri Lanka has achieved a substantial degree of fiscal transparency in several important areas, including the legal and administrative framework for fiscal management, the compilation and publication of detailed accounts for the central government, and the maintenance of separate and aggregate accounts for public corporations. The government is also undertaking additional reforms to improve transparency, including the passage of a new Public Finance Act, and the development of a quantitative macroeconomic framework for budget preparation.

Series:

Country Report No. 2002/233

Subject:

Budget planning and preparation Business enterprises Contingent liabilities Economic sectors Fiscal accounting and reporting Public debt Public financial management (PFM)