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

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.
Year of publication:
2005-07-25
Institutions: International Monetary Fund (IMF) ; International Monetary Fund
Subject: Fiscal transparency | Reports on the Observance of Standards and Codes | budget estimates | contingent liabilities | fiscal management | quasi-fiscal activities | fiscal strategy | government guarantees | fiscal activities | budget documentation | budget information | public finances | central government debt | budget framework | medium-term budget framework | government deficit | medium-term budget | budget year | fiscal information | public debt | central government deficit | budget outturn | annual accounts | accounts payable | tax administration | expenditure programs | fiscal relations | intergovernmental fiscal relations | fiscal policy | fiscal balance | fiscal data | intergovernmental fiscal | medium-term macroeconomic framework | revenue collection | cash accounting | accumulation of payment arrears | fiscal position | fiscal report | budget expenditures | tax evasion | fiscal indicators | open budget preparation | fiscal cost | budget preparation
Extent:
application/pdf
Series:
Type of publication: Book / Working Paper
Notes:
The text is part of a series IMF Staff Country Reports Number 05/251 7 pages long
Source:
Persistent link: https://www.econbiz.de/10005825039
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