Paraguay: Report on Observance of Standards and Codes: Fiscal Transparency Module

Volume/Issue: Volume 2006 Issue 014

Publication date: January 2006

ISBN: 9781451832440

$20.00

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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 , departmental government , audit rule , term of office , constitution state , state budget , fiscal policy , government transfer , debt information , private sector , government activity , government manager , Budget planning and preparation , Budget execution and treasury management , Public sector , Fiscal accounting and reporting

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Grenada

Republic of Congo : 2001 Article IV

Summary

This report on the Observance of Standards and Codes on Paraguay examines the Fiscal Transparency Module. Paraguay has made important progress toward greater fiscal transparency. The fairly comprehensive financial administration law has been complemented by legal reforms that eliminated most tax exemptions, revamped revenue administration procedures, and introduced standardized transparency requirements for public procurement, all of which reduce the scope for corruption. The framework for public employment should be modernized to increase the role of merit-based transparent and objective criteria in the hiring, selection, and promotion procedures.