Costa Rica: Fiscal Transparency Assessment
October 30, 2013
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This paper discusses pilot fiscal transparency assessment for Costa Rica. The assessment confirmed that Costa Rica has various excellent and sophisticated fiscal transparency practices. Those include: (1) institutional coverage with annual consolidated budgetary information for the entire public sector and monthly information for the Executive Branch; (2) information produced regarding tax expenditures; (3) an independent Office of the Comptroller General of the Republic that audits budget balances by May of the following year; and (4) a medium-term budgetary framework and budgetary projections with forecasts of key macroeconomic variables and the assumptions on which they are based. However, weaknesses do persist in some areas.
Subject: Budget execution and treasury management, Budget planning and preparation, Economic sectors, Expenditure, Fiscal reporting, Public financial management (PFM), Public sector
Keywords: accounts payable, budget approval, Budget execution and treasury management, Budget planning and preparation, budget target, central government, CR, executive branch, fiscal report, Fiscal reporting, Global, government state, ISCR, public finance, Public sector
Pages:
66
Volume:
2013
DOI:
Issue:
316
Series:
Country Report No. 2013/316
Stock No:
1CRIEA2013003
ISBN:
9781484316733
ISSN:
1934-7685
