Bangladesh: Report on Observance of Standards and Codes-Fiscal Transparency
International Monetary Fund, Jun 25, 2003 - Business & Economics - 32 pages
This report assesses the Observance of Standards and Codes on Fiscal Transparency for Bangladesh. Bangladesh has made significant progress in recent years toward addressing longstanding problems of fiscal reporting and meeting basic requirements of fiscal transparency. Measures are in hand to present audited accounts from 2002/3 onward within 12 months of year-end, and monthly reports are being produced about 5–8 weeks after month-end. Much remains to be done to improve data reliability, particularly with respect to reporting of foreign-financed projects, but processes are in place to establish sustainable improvements in accounts reconciliation.
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accounts annual Budget Speech Annual Development Plan Anti-Corruption assumptions underlying authorities indicated basis block allocation budget documents budget preparation budget process budgetary CAOs central government clearly disciplined compiled comprehensive concessions consolidated fund contingent liabilities costs curbing corruption data on external Data on government Demands for Grants Development Budget development projects discretionary power discussed further disseminated domestic debt donor enforced establishment estimates of revenue expenditures extensive externally financed Finance Division financial assets fiscal activity fiscal data fiscal position ﬂows further in paragraph govemment government fiscal government transactions Grants and Appropriations implementation included inﬂuence large number maintenance mechanism Ministry of Defense Ministry of Planning mission’s visit monitoring non-transparent number of projects open-ended operations overall paragraph 52 payment priority project directors provides Public debt public sector published receipts Reforms regulations reports revenue budget Revised budget estimates RIBEC spending Subsequent systematic Tax laws tax officials taxpayers year-end year’s