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

Author: International Monetary Fund

Volume/Issue: Volume 2004 Issue 361

Publication date: November 2004

ISBN: 9781451805147

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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 equity holding , privatization program , government property , pension liability , policy objective , government regulation , government decision , government activity , government policy , government ministry , lists of government equity holding , government policy objective , government pension liability , Budget planning and preparation , Budget execution and treasury management , Fiscal law , Public sector

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Summary

This report reviews the Observance of Standards and Codes on Fiscal Transparency for Belarus. Belarus meets the requirements of the fiscal transparency code in some important areas. There is a comprehensive legal and administrative framework for management of budget resources. The Budget systems law contains an explicit commitment to an open and transparent budget process, and budget coverage improved considerably with the inclusion of five major extrabudgetary funds into the budget in 1998. Budget execution mechanisms are quite effective, and budget execution reports are of consistent quality.