IMF Staff Country Reports

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

Publication Date:

October 25, 2005

Electronic Access:

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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.

Series:

Country Report No. 2005/382

Subject:

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