High-Level Summary Technical Assistance Reports

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Cigdem Aslan, David S Bailey, Felipe Bardella, Lesley Fisher, Camilo Gomez-Osorio, Jean-Baptiste Gros, and Timothy C Irwin. "Panama: Fiscal Transparency Evaluation", High-Level Summary Technical Assistance Reports 2024, 052 (2024), accessed February 10, 2025, https://0-doi-org.library.svsu.edu/10.5089/9798400297618.029

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Summary

An IMF team found that Panama has a cash-based system of budgeting and accounting that generates good information on many aspects of public finances. There are, however, many weaknesses in the system which diverge from the sound practices included in the Fund's Fiscal Transparency Code. Panama's ratings are lower than those of regional comparators, especially in the area of fiscal risks. The team developed high-priority recommendations to improve Panama's fiscal transparency principles.

Subject: Budget planning and preparation, Fiscal law, Fiscal policy, Fiscal risks, Fiscal Transparency Evaluation (FTE), Macroeconomic and fiscal forecasts, Public financial management (PFM)

Keywords: Auditing, Budget planning and preparation, Budgeting, Capacity development recipient, Deficit target, Financial Statements, Fiscal Coordination, Fiscal Forecasting, Fiscal law, Fiscal Planning, Fiscal Policy Objectives, Fiscal Reporting, Fiscal Risk, Fiscal risks, Fiscal Transparency, Fiscal Transparency Evaluation (FTE), Global, IMF team, Macroeconomic and fiscal forecasts, Macroeconomic Risks, Revenue compare, Social-Fiscal Responsibility Law, Specific Fiscal Risks

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