Republic of Serbia: Report on Observance of Standards and Codes: Fiscal Transparency Module
IMF Staff Country Reports, May 14, 2009
Source details
- Canonical URL
- Republic of Serbia: Report on Observance of Standards and Codes: Fiscal Transparency Module
Other formats
Bibliographic details
- Published: May 14, 2009
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451834925.002
Assessment summary
- The report provides an assessment of fiscal transparency practices in Serbia in relation to the requirements of the IMF Code of Good Practices on Fiscal Transparency.
- Serbia has made solid advances in fiscal transparency in recent years, but there are still some major shortcomings.
Key findings
- Fiscal transparency has improved, but persistent gaps remain that affect the reliability and comprehensiveness of fiscal information.
- Integration of capital planning into budget processes is inconsistent: the National Investment Plan is not consistently integrated into budget preparation and reporting.
- Commitment control is not fully enforced, hindering comprehensive monitoring of expenditure arrears.
Policy recommendations
- Strengthen effective prioritization and execution of the budget process by integrating the National Investment Plan consistently into budget preparation and reporting.
- Fully enforce commitment control so that any expenditure arrears can be comprehensively monitored.
Thematic coverage (as listed in the source)
- Budget planning and preparation
- Expenditure
- Fiscal accounting and reporting
- Fiscal risks
- Public debt
- Public financial management (PFM)
Keywords (as listed in the source)
- Budget planning and preparation, CR, final accounts, Fiscal accounting and reporting, Fiscal risks, General government, General government balance, government activity, government entity, government financing, government ownership, government regulation, government transaction, government website, ISCR, local government, Republic budget, Republic budget estimate