IMF Staff Country Reports

Portugal: Report on the Observance of Standards and Codes—Fiscal Transparency Module

Publication Date:

December 1, 2003

Electronic Access:

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Summary:

This report provides an assessment of fiscal transparency practices in Portugal against the requirements of the IMF Code of Good Practices on Fiscal Transparency. IMF staff observed that Portugal meets the requirements of fiscal transparency code in several areas. Significant progress has also been made in strengthening fiscal management and transparency at all levels of government. However, in the view of IMF staff, further corrective efforts are required on the part of Portuguese policymakers. They recommend a monitoring unit be set up in all public-private partnership projects and state-owned enterprise (SOE) activities.

Series:

Country Report No. 2003/373

Subject:

Budget execution and treasury management Budget planning and preparation Expenditure Fiscal accounting and reporting Public debt Public financial management (PFM)