{
  "title": "Italy: Report on Observance of Standards and Codes—Fiscal Transparency Module Update",
  "publication": "IMF Staff Country Reports, November 13, 2003",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/30/italy-report-on-observance-of-standards-and-codes-fiscal-transparency-module-update-17026",
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  "summary": "During the 2003 Article IV Consultation mission, IMF staff reviewed developments in Italy's observance of fiscal transparency practices, with a view to updating changes in current practices, reviewing progress in implementing the initial report on observance and codes (ROSCs) recommendations, and id",
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    {
      "heading": "Executive summary",
      "content": "- During the 2003 Article IV Consultation mission, IMF staff reviewed developments in Italy's observance of fiscal transparency practices.\n- Objectives of the review:\n  - Update changes in current practices.\n  - Review progress in implementing the initial report on observance and codes (ROSCs) recommendations.\n  - Identify developments relevant for future observance of good fiscal transparency practices.\n- IMF staff recommendations in the first ROSC for Italy focused on four main areas:\n  - clarity of roles and responsibilities;\n  - public availability of information;\n  - open budget preparation, execution, and reporting; and\n  - assurances of integrity."
    },
    {
      "heading": "Findings and thematic areas",
      "content": "- Clarity of roles and responsibilities:\n  - The ROSC recommendations emphasized improved definition and communication of institutional roles in fiscal management and transparency.\n- Public availability of information:\n  - The review assessed accessibility and comprehensiveness of fiscal information made available to the public.\n- Open budget preparation, execution, and reporting:\n  - The mission examined procedures and practices across budget preparation, execution, and reporting to evaluate openness.\n- Assurances of integrity:\n  - The review considered mechanisms that support the integrity of fiscal data and processes."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subject: Budget execution and treasury management, Budget planning and preparation, Expenditure, Fiscal accounting and reporting, Public financial management (PFM)\n- Keywords: budget appropriation, Budget execution and treasury management, Budget planning and preparation, CR, execution, execution procedure, Fiscal accounting and reporting, government, ISCR, RGS, ROSC, staff recommendation\n\n---\n\n Content in this bundle\n\n- Italy: Report on Observance of Standards and Codes - Fiscal Transparency Module Update - ISCR/03/353\n  - Italy: Report on Observance of Standards and Codes - Fiscal Transparency Module Update - ISCR/03/353 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Italy: Report on Observance of Standards and Codes - Fiscal Transparency Module Update - ISCR/03/353 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: November 13, 2003",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451819847.002",
    "During the 2003 Article IV Consultation mission, IMF staff reviewed developments in Italy's observance of fiscal transparency practices.",
    "Objectives of the review:",
    "IMF staff recommendations in the first ROSC for Italy focused on four main areas:",
    "Clarity of roles and responsibilities:",
    "Public availability of information:",
    "Open budget preparation, execution, and reporting:",
    "Assurances of integrity:",
    "Subject: Budget execution and treasury management, Budget planning and preparation, Expenditure, Fiscal accounting and reporting, Public financial management (PFM)",
    "Keywords: budget appropriation, Budget execution and treasury management, Budget planning and preparation, CR, execution, execution procedure, Fiscal accounting and reporting, government, ISCR, RGS, ROSC, staff recommendation",
    "**Italy: Report on Observance of Standards and Codes - Fiscal Transparency Module Update - ISCR/03/353**"
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