Bangladesh: Report on Observance of Standards and Codes-Fiscal Transparency
IMF Staff Country Reports, June 25, 2003
Source details
- Canonical URL
- Bangladesh: Report on Observance of Standards and Codes-Fiscal Transparency
Other formats
Bibliographic details
- Published: June 25, 2003
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451804102.002
Executive assessment
- 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.
- 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.
- Processes are in place to establish sustainable improvements in accounts reconciliation.
Key findings
- Progress toward meeting basic requirements of fiscal transparency has been significant.
- Audited accounts from 2002/3 are targeted to be available within 12 months of year-end.
- Routine monthly reporting has improved timeliness, with reports produced about 5–8 weeks after month-end.
- Data reliability issues persist, especially for foreign-financed projects.
- Institutional processes exist that can support sustainable improvements in accounts reconciliation.
Subjects and keywords
- Subjects: Auditing; Budget planning and preparation; Fiscal accounting and reporting; Fiscal transparency; Internal audit; Public financial management (PFM).
- Keywords: accounting system; annual budget; Auditing; balance sheet; Budget planning and preparation; CR; executive government; Fiscal accounting and reporting; General government; General government consist; government holding; government policy; government regulation; internal audit; Internal audit; ISCR; NBR authority.