{
  "title": "Republic of Armenia: Fiscal Transparency Evaluation",
  "publication": "IMF Staff Country Reports, May 15, 2019",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2019/05/15/republic-of-armenia-fiscal-transparency-evaluation-46899",
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  "summary": "This paper presents Fiscal Transparency Evaluation (FTE) for Armenia. This report provides 10 recommendations aimed at further enhancing fiscal transparency in the areas prioritized.",
  "sections": [
    {
      "heading": "Summary and scope",
      "content": "- This paper presents Fiscal Transparency Evaluation (FTE) for Armenia.\n- The report provides 10 recommendations aimed at further enhancing fiscal transparency in the areas prioritized.\n- The report presents the assessment of fiscal transparency practices against the IMF’s Fiscal Transparency Code (FTC).\n- The fiscal transparency evaluation also estimates Armenia’s public sector financial position, in order to provide a more comprehensive view of public finances.\n- Pages: 90\n- Volume: 2019\n- Issue: 134\n- Series: Country Report No. 2019/134\n- DOI: https://doi.org/10.5089/9781498315098.002\n- Stock No: 1ARMEA2019004\n- ISBN: 9781498315098\n- ISSN: 1934-7685"
    },
    {
      "heading": "Key findings",
      "content": "- Fiscal forecasts and budgets have become more forward looking and policy oriented, with the introduction of a medium-term expenditure framework (MTEF), improved fiscal objectives, and a performance budgeting system.\n- Armenia’s fiscal transparency practices have strengths and weaknesses in all areas of the FTC: fiscal reporting, fiscal forecasting and budgeting, and fiscal risk disclosure and management.\n- Expanding the institutional coverage of Armenia’s fiscal reports to the entire public sector would increase the deficit by 1.3 percent of gross domestic product and would have a material impact on revenue and expenditure."
    },
    {
      "heading": "Thematic coverage",
      "content": "- Budget execution and treasury management\n- Budget planning and preparation\n- Economic sectors\n- Expenditure\n- Fiscal risks\n- Medium-term budget frameworks\n- Public financial management (PFM)\n- Public sector"
    },
    {
      "heading": "Keywords and technical terms preserved from the report",
      "content": "- annual budget\n- annual budget execution report\n- balance sheet\n- baseline debt projection\n- budget appropriation\n- budget document\n- budget documentation\n- Budget execution and treasury management\n- budget message\n- Budget planning and preparation\n- central government\n- CR\n- debt management\n- execution report\n- fiscal policy\n- Fiscal risks\n- Global\n- ISCR\n- Public sector\n- real GDP\n- reserve fund\n- state budget receipt\n- state debt\n\nIMF Staff Country Reports. \"Republic of Armenia: Fiscal Transparency Evaluation\", May 15, 2019.\n\n---\n\n Content in this bundle\n\n- Republic of Armenia: Fiscal Transparency Evaluation; IMF Country Report No. 19/134; January 2019\n  - Republic of Armenia: Fiscal Transparency Evaluation; IMF Country Report No. 19/134; January 2019 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Republic of Armenia: Fiscal Transparency Evaluation; IMF Country Report No. 19/134; January 2019 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: May 15, 2019",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781498315098.002",
    "This paper presents Fiscal Transparency Evaluation (FTE) for Armenia.",
    "The report provides 10 recommendations aimed at further enhancing fiscal transparency in the areas prioritized.",
    "The report presents the assessment of fiscal transparency practices against the IMF’s Fiscal Transparency Code (FTC).",
    "The fiscal transparency evaluation also estimates Armenia’s public sector financial position, in order to provide a more comprehensive view of public finances.",
    "Pages: 90",
    "Volume: 2019",
    "Issue: 134",
    "Series: Country Report No. 2019/134",
    "DOI: https://doi.org/10.5089/9781498315098.002",
    "Stock No: 1ARMEA2019004",
    "ISBN: 9781498315098",
    "ISSN: 1934-7685",
    "Fiscal forecasts and budgets have become more forward looking and policy oriented, with the introduction of a medium-term expenditure framework (MTEF), improved fiscal objectives, and a performance budgeting system.",
    "Armenia’s fiscal transparency practices have strengths and weaknesses in all areas of the FTC: fiscal reporting, fiscal forecasting and budgeting, and fiscal risk disclosure and management.",
    "Expanding the institutional coverage of Armenia’s fiscal reports to the entire public sector would increase the deficit by 1.3 percent of gross domestic product and would have a material impact on revenue and expenditure.",
    "annual budget",
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    "balance sheet",
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    "budget appropriation",
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    "budget documentation",
    "budget message",
    "central government",
    "CR",
    "debt management",
    "execution report",
    "fiscal policy",
    "Global",
    "ISCR",
    "real GDP",
    "reserve fund",
    "state budget receipt",
    "state debt",
    "**Republic of Armenia: Fiscal Transparency Evaluation; IMF Country Report No. 19/134; January 2019**"
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