IMF Staff Country Reports

Russian Federation: Report on the Observance of Standards and Codes—Fiscal Transparency Module

September 3, 2004

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Format: Chicago

International Monetary Fund. "Russian Federation: Report on the Observance of Standards and Codes—Fiscal Transparency Module", IMF Staff Country Reports 2004, 288 (2004), accessed 12/13/2025, https://doi.org/10.5089/9781451833058.002

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Summary

This report on the Russian Federation’s Observance of Standards and Codes reports on the fiscal transparency module. Russia has achieved considerable progress in fiscal transparency and financial management since 1999, although a number of important reforms remain to be undertaken. The legal framework of the budget and tax system as well as for intergovernmental relations has been reformed. Macroeconomic policy forecasts are soundly based and open for scrutiny. Budget preparation has become sophisticated, with considerable transparency in the process and in the availability of information.

Subject: Budget execution and treasury management, Budget planning and preparation, Expenditure, Fiscal accounting and reporting, Fiscal law, Fiscal policy, Public financial management (PFM)

Keywords: budget, Budget execution and treasury management, Budget planning and preparation, company, CR, debt management, federal budget, Fiscal law, government, government Finance Statistics Manual, government finances, government institution, government interference, government plan, government resolution, government shareholding, government's budget proposal, ISCR, joint stock, State body