Russian Federation: Report on the Observance of Standards and Codes—Fiscal Transparency Module

Author: International Monetary Fund

Volume/Issue: Volume 2004 Issue 288

Publication date: September 2004

ISBN: 9781451833058

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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 , company , budget , government resolution , debt management , government interference , joint stock , government institution , government Finance Statistics Manual , government plan , State body , government finances , government's budget proposal , federal budget , government shareholding , Budget planning and preparation , Budget execution and treasury management , Fiscal law

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Summary

This report on the Russian Federation’s Observance of Standards and Codes reports on the fiscal transparency module. Russia has achieved considerable progress in fiscal transparency and financial management since 1999, although a number of important reforms remain to be undertaken. The legal framework of the budget and tax system as well as for intergovernmental relations has been reformed. Macroeconomic policy forecasts are soundly based and open for scrutiny. Budget preparation has become sophisticated, with considerable transparency in the process and in the availability of information.