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

October 25, 2005

Summary

This Report on the Observance of Standards and Codes (ROSC) examines Fiscal Transparency for Cyprus. The report reveals that Cyprus has been making major progress in improving fiscal transparency, helped by the government’s efforts to strengthen budget management systems and comply with the European Union acquis communautaire. As a result, the country now fully meets or even exceeds the code’s standards in many areas. The momentum of fiscal management reform efforts should be maintained to meet the requirements of the code in additional areas.

Subject: Budget planning and preparation, Expenditure, Fiscal accounting and reporting, Labor, Public debt, Public employment, Public financial management (PFM)

Keywords: accounting system, annual budget, Budget planning and preparation, central bank, central government, CR, development plan, Fiscal accounting and reporting, General government debt data, government organization, government-controlled companies, internal audit, ISCR, minister of finance, Public employment, State aid, telecommunications authority

Pages:
45
Volume:
2005
DOI:
https://doi.org/10.5089/9781451809862.002
Issue:
382
Series:
Country Report No. 2005/382
Stock No:
1CYPEA2005003
ISBN:
9781451809862
ISSN:
1934-7685

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