## Chile: Fiscal Transparency Evaluation

_IMF Staff Country Reports, November 11, 2021_

## Source details

**Canonical URL:** [Chile: Fiscal Transparency Evaluation](https://www.imf.org/en/publications/cr/issues/2021/11/11/chile-fiscal-transparency-evaluation-506777)

## Other formats

- [Markdown version](/en/publications/cr/issues/2021/11/11/chile-fiscal-transparency-evaluation-506777/index.md)
- [Structured JSON version](/en/publications/cr/issues/2021/11/11/chile-fiscal-transparency-evaluation-506777/index.json)
- [Bundle manifest](/en/publications/cr/issues/2021/11/11/chile-fiscal-transparency-evaluation-506777/bundle-manifest.json)

## Bibliographic details
- Published: November 11, 2021
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781616350703.002

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### Assessment summary
- 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.

### Key findings
- Strengths:
  - Fiscal forecasting and budgeting: rated very strong.
  - Fiscal reporting: strong performance following forecasting and budgeting.
- Weaknesses / mixed results:
  - Fiscal risk analysis and management: mixed results, with room for improvement.
- Comparisons:
  - Chile’s overall score is good relative to Latin American Countries and Emerging Market Economies.

### Policy implications and recommended actions
- 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 and metadata
- 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 Staff Country Reports (2021), Country Report No. 2021/241, November 11, 2021.*

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## Content in this bundle

- **Chile: Fiscal Transparency Evaluation; IMF Country Report No. 21/241; October 2021**
  - [Chile: Fiscal Transparency Evaluation; IMF Country Report No. 21/241; October 2021 (Markdown version)](/-/media/files/publications/cr/2021/english/1chlea2021005.pdf.md){rel="alternate" type="text/markdown"}
  - [Chile: Fiscal Transparency Evaluation; IMF Country Report No. 21/241; October 2021 (PDF)](/-/media/files/publications/cr/2021/english/1chlea2021005.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2021/11/11/chile-fiscal-transparency-evaluation-506777_