Costa Rica: Report on Observance of Standards and Codes: Fiscal Transparency Module

Volume/Issue: Volume 2007 Issue 372
Publication date: November 2007
ISBN: 9781451809671
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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 , budget document , annual budget , final accounts , cash management , private sector , budget process , internal audit , government holding , central bank , budgetary authority , customs authorities , Budget planning and preparation , Public sector , Budget execution and treasury management , Global

Summary

This report on the Observance of Standards and Codes on Fiscal Transparency on Costa Rica analyzes open budget preparation and assurances of integrity. A number of initiatives currently under way would further advance fiscal transparency. A clearer division of responsibilities for monetary and fiscal policies would require a strong commitment to recapitalizing fully the central bank. Policy responsibilities across general government institutions should be clarified and coordination improved. Internal audit processes should be strengthened to ensure the integrity of the financial management systems.