{
  "title": "Chile: Fiscal Transparency Evaluation",
  "publication": "IMF Staff Country Reports, November 11, 2021",
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  "summary": "Strong fiscal institutions have contributed to Chile’s macroeconomic stability, and recent reform initiatives have focused on enhancing these institutions and fiscal transparency.",
  "sections": [
    {
      "heading": "Assessment summary",
      "content": "- The report assesses Chile’s fiscal transparency practices against the IMF’s Fiscal Transparency Code.\n- Chile’s practices meet the principles of the code at a good or advanced level for 21 out of the 36 principles.\n- On a further nine principles, Chile meets the basic standard of practice.\n- Overall performance is described as a good score compared to the average for Latin American Countries and Emerging Market Economies.\n- The report finds fiscal forecasting and budgeting to be very strong, followed by fiscal reporting; fiscal risk analysis and management show more mixed results.\n- Further improvements could be achieved relatively easily through the publication of some internal analyses or through more timely or user-friendly publication of already available information."
    },
    {
      "heading": "Key findings",
      "content": "- Strengths:\n  - Fiscal forecasting and budgeting: rated very strong.\n  - Fiscal reporting: strong performance following forecasting and budgeting.\n- Weaknesses / mixed results:\n  - Fiscal risk analysis and management: mixed results, with room for improvement.\n- Comparisons:\n  - Chile’s overall score is good relative to Latin American Countries and Emerging Market Economies."
    },
    {
      "heading": "Policy implications and recommended actions",
      "content": "- Publish internal analyses that are currently not public to increase transparency.\n- Improve timeliness and user-friendliness of already available information to enhance public access and utility.\n- Strengthen fiscal risk analysis and management practices to close gaps relative to forecasting, budgeting, and reporting strengths."
    },
    {
      "heading": "Publication and metadata",
      "content": "- Publication date: November 11, 2021\n- Pages: 110\n- Series: Country Report No. 2021/241\n- Issue: 241\n- Volume: 2021\n- Stock No: 1CHLEA2021005\n- DOI: https://doi.org/10.5089/9781616350703.002\n- ISBN: 9781616350703\n- ISSN: 1934-7685\n- Subjects: Budget planning and preparation, Economic and financial statistics, Expenditure, Financial statements, Fiscal risks, Government finance statistics, International organization, Monetary policy, Public financial management (PFM)\n- Keywords: Africa, Budget planning and preparation, Chilean authorities, Financial statements, Fiscal risks, Global, Government finance statistics, government finance statistics manual, IMF mission team, IMF team, IMF's Fiscal Affairs Department\n\nChile: Fiscal Transparency Evaluation, IMF Staff Country Reports (2021), Country Report No. 2021/241, November 11, 2021.\n\n---\n\n Content in this bundle\n\n- Chile: Fiscal Transparency Evaluation; IMF Country Report No. 21/241; October 2021\n  - Chile: Fiscal Transparency Evaluation; IMF Country Report No. 21/241; October 2021 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Chile: Fiscal Transparency Evaluation; IMF Country Report No. 21/241; October 2021 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: November 11, 2021",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781616350703.002",
    "The report assesses Chile’s fiscal transparency practices against the IMF’s Fiscal Transparency Code.",
    "Chile’s practices meet the principles of the code at a good or advanced level for 21 out of the 36 principles.",
    "On a further nine principles, Chile meets the basic standard of practice.",
    "Overall performance is described as a good score compared to the average for Latin American Countries and Emerging Market Economies.",
    "The report finds fiscal forecasting and budgeting to be very strong, followed by fiscal reporting; fiscal risk analysis and management show more mixed results.",
    "Further improvements could be achieved relatively easily through the publication of some internal analyses or through more timely or user-friendly publication of already available information.",
    "Strengths:",
    "Weaknesses / mixed results:",
    "Comparisons:",
    "Publish internal analyses that are currently not public to increase transparency.",
    "Improve timeliness and user-friendliness of already available information to enhance public access and utility.",
    "Strengthen fiscal risk analysis and management practices to close gaps relative to forecasting, budgeting, and reporting strengths.",
    "Publication date: November 11, 2021",
    "Pages: 110",
    "Series: Country Report No. 2021/241",
    "Issue: 241",
    "Volume: 2021",
    "Stock No: 1CHLEA2021005",
    "DOI: https://doi.org/10.5089/9781616350703.002",
    "ISBN: 9781616350703",
    "ISSN: 1934-7685",
    "Subjects: Budget planning and preparation, Economic and financial statistics, Expenditure, Financial statements, Fiscal risks, Government finance statistics, International organization, Monetary policy, Public financial management (PFM)",
    "Keywords: Africa, Budget planning and preparation, Chilean authorities, Financial statements, Fiscal risks, Global, Government finance statistics, government finance statistics manual, IMF mission team, IMF team, IMF's Fiscal Affairs Department",
    "**Chile: Fiscal Transparency Evaluation; IMF Country Report No. 21/241; October 2021**"
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