{
  "title": "Canada: Report on the Observance of Standards and Codes—Fiscal Transparency Module",
  "publication": "IMF Staff Country Reports, March 12, 2002",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/30/canada-report-on-the-observance-of-standards-and-codes-fiscal-transparency-module-15710",
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  "summary": "This report evaluates the Observance of Standards and Codes on the Fiscal Transparency Module for Canada. Fiscal management in Canada meets the requirements of the fiscal transparency code and in a number of instances represents best practice.",
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      "heading": "Executive evaluation",
      "content": "- The report evaluates the Observance of Standards and Codes on the Fiscal Transparency Module for Canada.\n- Conclusion: Fiscal management in Canada meets the requirements of the fiscal transparency code and in a number of instances represents best practice.\n- Recent reforms by federal and provincial governments continue to improve transparency."
    },
    {
      "heading": "Notable practices and strengths",
      "content": "- Federal government innovations highlighted:\n  - Use of private sector economic forecasts.\n  - Use of prudence factors in fiscal forecasts.\n  - Use of a contingency reserve in fiscal forecasts.\n- Other areas receiving high marks:\n  - Statistical integrity.\n  - Impartial tax administration.\n  - Open procurement.\n  - A transparent regulatory process."
    },
    {
      "heading": "Scope, subjects, and keywords",
      "content": "- Subject: Budget planning and preparation, Expenditure, Financial statements, Fiscal accounting and reporting, Labor, Public employment, Public financial management (PFM).\n- Keywords: audit authority, budget, Budget planning and preparation, CR, federal budget, federal government, financial asset, Financial statements, Fiscal accounting and reporting, government, government equity holding, government holding, government regulation, ISCR, member government, policy review, Public employment.\n\n---\n\n Content in this bundle\n\n- Canada: Report on the Observance of standards and Codes-Fiscal Transparency Module - ISCR/02/51\n  - Canada: Report on the Observance of standards and Codes-Fiscal Transparency Module - ISCR/02/51 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Canada: Report on the Observance of standards and Codes-Fiscal Transparency Module - ISCR/02/51 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: March 12, 2002",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451806946.002",
    "The report evaluates the Observance of Standards and Codes on the Fiscal Transparency Module for Canada.",
    "Conclusion: Fiscal management in Canada meets the requirements of the fiscal transparency code and in a number of instances represents best practice.",
    "Recent reforms by federal and provincial governments continue to improve transparency.",
    "Federal government innovations highlighted:",
    "Other areas receiving high marks:",
    "Subject: Budget planning and preparation, Expenditure, Financial statements, Fiscal accounting and reporting, Labor, Public employment, Public financial management (PFM).",
    "Keywords: audit authority, budget, Budget planning and preparation, CR, federal budget, federal government, financial asset, Financial statements, Fiscal accounting and reporting, government, government equity holding, government holding, government regulation, ISCR, member government, policy review, Public employment.",
    "**Canada: Report on the Observance of standards and Codes-Fiscal Transparency Module - ISCR/02/51**"
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