Republic of Armenia: Fiscal Transparency Evaluation

IMF Staff Country Reports, May 15, 2019

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Republic of Armenia: Fiscal Transparency Evaluation

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Bibliographic details

• Published: May 15, 2019
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781498315098.002

Summary and scope

• This paper presents Fiscal Transparency Evaluation (FTE) for Armenia.
• The report provides 10 recommendations aimed at further enhancing fiscal transparency in the areas prioritized.
• The report presents the assessment of fiscal transparency practices against the IMF’s Fiscal Transparency Code (FTC).
• The fiscal transparency evaluation also estimates Armenia’s public sector financial position, in order to provide a more comprehensive view of public finances.
• Pages: 90
• Volume: 2019
• Issue: 134
• Series: Country Report No. 2019/134
• DOI: https://doi.org/10.5089/9781498315098.002
• Stock No: 1ARMEA2019004
• ISBN: 9781498315098
• ISSN: 1934-7685

Key findings

• Fiscal forecasts and budgets have become more forward looking and policy oriented, with the introduction of a medium-term expenditure framework (MTEF), improved fiscal objectives, and a performance budgeting system.
• Armenia’s fiscal transparency practices have strengths and weaknesses in all areas of the FTC: fiscal reporting, fiscal forecasting and budgeting, and fiscal risk disclosure and management.
• Expanding the institutional coverage of Armenia’s fiscal reports to the entire public sector would increase the deficit by 1.3 percent of gross domestic product and would have a material impact on revenue and expenditure.

Thematic coverage

• Budget execution and treasury management
• Budget planning and preparation
• Economic sectors
• Expenditure
• Fiscal risks
• Medium-term budget frameworks
• Public financial management (PFM)
• Public sector

Keywords and technical terms preserved from the report

• annual budget
• annual budget execution report
• balance sheet
• baseline debt projection
• budget appropriation
• budget document
• budget documentation
• Budget execution and treasury management
• budget message
• Budget planning and preparation
• central government
• CR
• debt management
• execution report
• fiscal policy
• Fiscal risks
• Global
• ISCR
• Public sector
• real GDP
• reserve fund
• state budget receipt
• state debt

IMF Staff Country Reports. "Republic of Armenia: Fiscal Transparency Evaluation", May 15, 2019.

Content in this bundle

• Republic of Armenia: Fiscal Transparency Evaluation; IMF Country Report No. 19/134; January 2019
  • Republic of Armenia: Fiscal Transparency Evaluation; IMF Country Report No. 19/134; January 2019 (Markdown version)
  • Republic of Armenia: Fiscal Transparency Evaluation; IMF Country Report No. 19/134; January 2019 (PDF)