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

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

July 25, 2005

Preview Citation

Format: Chicago

Sri Lanka: Report on the Observance of Standards and Codes: Fiscal Transparency Module—Update, (USA: International Monetary Fund, 2005) accessed November 21, 2024

Summary

This report on Sri Lanka’s Observance of Standards and Codes highlights the fiscal transparency module. The 2003 Fiscal Management Act has improved the transparency of government fiscal policy. There has been little progress made in eliminating the quasi-fiscal activities of public corporations. Following the sharp rise in world oil prices, the authorities suspended the petroleum pricing formula that ensured that domestic prices reflect market prices in 2004. Prices are administered with periodic ad hoc adjustments.

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

Keywords: Budget planning and preparation, Central government, Contingent liabilities, CR, Government, Government fiscal policy, ISCR, Public enterprises, ROSC recommendation

Publication Details

Pages:

7
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/251
Stock No:

1LKAEA2005003
ISBN:

9781451823554
ISSN:

1934-7685

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