Cyprus: Report on the Observance of Standards and Codes: Fiscal Transparency Module

Author: International Monetary Fund

Volume/Issue: Volume 2005 Issue 382

Publication date: October 2005

ISBN: 9781451809862

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Topics covered in this book

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Labor , Public Finance , ISCR , CR , government organization , General government debt data , telecommunications authority , government-controlled companies , minister of finance , annual budget , central bank , development plan , internal audit , central government , State aid , accounting system , Budget planning and preparation , Fiscal accounting and reporting , Public employment

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Summary

This Report on the Observance of Standards and Codes (ROSC) examines Fiscal Transparency for Cyprus. The report reveals that Cyprus has been making major progress in improving fiscal transparency, helped by the government’s efforts to strengthen budget management systems and comply with the European Union acquis communautaire. As a result, the country now fully meets or even exceeds the code’s standards in many areas. The momentum of fiscal management reform efforts should be maintained to meet the requirements of the code in additional areas.