IMF Staff Country Reports

Chile: Fiscal Transparency Evaluation

November 11, 2021

Download PDF

Preview Citation

Format: Chicago

Chile: Fiscal Transparency Evaluation, (USA: International Monetary Fund, 2021) accessed February 13, 2025

Summary

Strong fiscal institutions have contributed to Chile’s macroeconomic stability, and recent reform initiatives have focused on enhancing these institutions and fiscal transparency. This report assesses fiscal transparency practices in Chile in relation to the requirements of the IMF’s Fiscal Transparency Code and confirms that many elements of sound fiscal transparency practices are already in place. Chile’s practices meet the principles of the code at a good or advanced level for 21 out of the 36 principles. This is a good score, compared to the average for Latin American Countries and Emerging Market Economies. On a further nine principles, Chile meets the basic standard of practice. Chile’s fiscal transparency practices are very strong for fiscal forecasting and budgeting, followed by fiscal reporting, while fiscal risk analysis and management demonstrate more mixed results. Further improvements could be achieved relatively easily through the publication of some internal analyses or through a more timely or user-friendly publication of already available information.

Subject: Budget planning and preparation, Economic and financial statistics, Expenditure, Financial statements, Fiscal risks, Government finance statistics, International organization, Monetary policy, Public financial management (PFM)

Keywords: Africa, Budget planning and preparation, Chilean authorities, Financial statements, Fiscal risks, Global, Government finance statistics, Government finance statistics manual, IMF mission team, IMF team, IMF's Fiscal Affairs Department

Publication Details

  • Pages:

    110

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2021/241

  • Stock No:

    1CHLEA2021005

  • ISBN:

    9781616350703

  • ISSN:

    1934-7685