Malta: Technical Assistance Report-Fiscal Transparency Evaluation

September 27, 2018

Preview Citation

Format: Chicago

Malta: Technical Assistance Report-Fiscal Transparency Evaluation, (USA: International Monetary Fund, 2018) accessed September 20, 2024

Summary

Malta meets a large number of the principles of the Fiscal Transparency Code at good or advanced level. Based on the assessment made in this report, Malta meets the good or advanced practice on 21 out of 35 principles in the Code. One principle, related to natural resources, was not relevant to Malta and therefore not assessed. Malta meets the basic practice on a further 12 principles (Table 0.1). Practices are stronger in the areas of fiscal reporting and fiscal forecasting and budgeting, where Malta is subject to and complies with the comprehensive reporting framework established by the European Union. Practices are generally weaker in the area of fiscal risk analysis and management, notably oversight of public corporations.

Subject: Budget planning and preparation, Expenditure, Financial statements, Fiscal reporting, Fiscal risks, Public financial management (PFM), Public sector

Keywords: Balance sheet, Banking sector, Budget documentation, Budget planning and preparation, Central government, Contingency reserve, Control tax expenditure, CR, Europe, Financial situation, Financial statements, Fiscal reporting, Fiscal risks, Global, Government guarantee, ISCR, NSO report revenue, Open economy, Outstanding Malta Gov. securities, Potential GDP, Public sector, Stock-flow adjustment

Publication Details

Pages:

68
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/284
Stock No:

1MLTEA2018003
ISBN:

9781484378076
ISSN:

1934-7685

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