IMF Staff Country Reports

Colombia : Fiscal Transparency Evaluation

Author/Editor:

International Monetary Fund. Fiscal Affairs Dept.

Publication Date:

August 2, 2018

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This fiscal transparency evaluation (FTE) assesses fiscal transparency practices in Colombia against the first three pillars of the IMF’s Fiscal Transparency Code (FTC). Pillar I requires that fiscal reports provide a comprehensive, relevant, timely, and reliable overview of the government’s financial position and performance; Pillar II requires that budgets and their underlying fiscal forecasts provide a clear statement of the government’s budgetary objectives and policy intentions, and comprehensive, timely, and credible projections of the evolution of the public finances; and Pillar III stipulates that governments disclose, analyze, and manage risks to the public finances and ensure effective coordination of fiscal decision-making across the public sector.

Series:

Country Report No. 18/250

Subject:

Budgeting Economic forecasting Fiscal reporting Fiscal risk Fiscal transparency Pensions Public sector Risk management