Sri Lanka: Report on the Observance of Standards and Codes

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

October 29, 2002

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Sri Lanka: Report on the Observance of Standards and Codes—Fiscal Transparency Module, (USA: International Monetary Fund, 2002) accessed November 21, 2024

Summary

This report evaluates the Observance of Standards and Codes on Fiscal Transparency for Sri Lanka. Sri Lanka has achieved a substantial degree of fiscal transparency in several important areas, including the legal and administrative framework for fiscal management, the compilation and publication of detailed accounts for the central government, and the maintenance of separate and aggregate accounts for public corporations. The government is also undertaking additional reforms to improve transparency, including the passage of a new Public Finance Act, and the development of a quantitative macroeconomic framework for budget preparation.

Subject: Budget planning and preparation, Business enterprises, Contingent liabilities, Economic sectors, Fiscal accounting and reporting, Public debt, Public financial management (PFM)

Keywords: A number of government, Accounting system, Budget planning and preparation, Business enterprises, Contingent liabilities, CR, Energy monopoly, Fiscal accounting and reporting, Government equity holding, Government program, Government regulation, ISCR, Obtain government approval, State accounts department, Subnational government

Publication Details

Pages:

22
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2002/233
Stock No:

1LKAEA0052002
ISBN:

9781451823523
ISSN:

1934-7685

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