El Salvador: Report on the Observance of Standards and Codes—Fiscal Transparency Module

Volume/Issue: Volume 2005 Issue 067
Publication date: March 2005
ISBN: 9781451834734
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Economics- Macroeconomics , Public Finance , ISCR , CR , government , government equity ownership , final accounts , public finance , audit report , government activity , state obligation , government sector , executive branch , Budget planning and preparation , Fiscal accounting and reporting , Budget execution and treasury management , Public sector

Summary

This Report on the Observance of Standards and Codes on Fiscal Transparency on El Salvador reviews the fiscal transparency module. El Salvador needs to make progress on a number of important aspects of the code on fiscal transparency. It is also important to clarify the distribution of functions between levels of government, their roles in terms of expenditure and taxes, and to redefine the borrowing faculties of municipalities. The authorities could improve the transparency of the legal framework by introducing a legal requirement for all new regulations in the private sector.