Jordan: Report on Observance of Standards and Codes—Fiscal Transparency Module

Author: International Monetary Fund

Volume/Issue: Volume 2006 Issue 021

Publication date: January 2006

ISBN: 9781451820355

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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.

Public Finance , ISCR , CR , budget document , final accounts , nontax revenue , entities holding , government development policy , government regulation , General government expenditure , government holding , power production company , Budget planning and preparation , Fiscal accounting and reporting , Contingent liabilities , Global

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Summary

This paper examines the Report on the Observance of Standards and Codes on Jordan’s fiscal transparency. Government activities are generally distinguished from those of public financial institutions, which carry out quasi-fiscal activities. Government holdings of fully owned corporations, and equity participations are moderate, but the management of state assets is not defined clearly, and the monitoring system is inadequate. Quasi-fiscal activities have been particularly prominent in the energy sector, related to the maintenance of fuel prices below world prices.