Panama: Fiscal Transparency Evaluation

An IMF team found that Panama has a cash-based system of budgeting and accounting that generates good information on many aspects of public finances.
READ MORE...
Volume/Issue: Volume 2024 Issue 052
Publication date: December 2024
ISBN: 9798400297618
$5.00
Add to Cart by clicking price of the language and format you'd like to purchase
Available Languages and Formats
English
Prices in red indicate formats that are not yet available but are forthcoming.
Summary

An IMF team found that Panama has a cash-based system of budgeting and accounting that generates good information on many aspects of public finances. There are, however, many weaknesses in the system which diverge from the sound practices included in the Fund's Fiscal Transparency Code. Panama's ratings are lower than those of regional comparators, especially in the area of fiscal risks. The team developed high-priority recommendations to improve Panama's fiscal transparency principles.