Morocco: Report on Observance of Standards and Codes: Fiscal Transparency Module

IMF Staff Country Reports, August 16, 2005

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This report evaluates Morocco’s fiscal transparency practices and assesses compliance with the IMF’s Code of Good Practices on Fiscal Transparency.
Morocco’s fiscal management system is described as highly centralized, essentially reliable, supported by legal safeguards, and adequate for steering budget performance.
Key legal and institutional reforms cited include the far-reaching amendment of the organic law governing budget laws carried out in November 1998, accompanying legislative and regulatory provisions, and more recent reforms that have improved clarity of fiscal and accounting standards and access to financial information.
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Report date: August 16, 2005.

Fiscal management system:
- Highly centralized.
- Essentially reliable and supported by legal safeguards.
- Adequate for steering budget performance.
Legal and institutional reforms:
- Far-reaching amendment of the organic law governing budget laws in November 1998.
- Legislative and regulatory provisions accompanying the amendment.
- Recent reforms have led to significant progress in:
- Clarity of fiscal and accounting standards.
- Access to financial information.