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

October 28, 2002

Preview Citation

Format: Chicago

Italy: Report on the Observance of Standards and Codes-Fiscal Transparency Module, (USA: International Monetary Fund, 2002) accessed November 22, 2024

Summary

This report assesses the Observance of Standards and Codes on Fiscal Transparency for Italy. The report finds that significant progress has been made in budget management, especially in recent years, and that Italy meets the standards of the code in many respects. In particular, roles of various branches of government are clearly defined, and in most state-owned or participated enterprises, noncommercial activities have been identified and reflected in the budget. Intergovernmental fiscal relations are evolving, following recent constitutional reform. Procurement practices meet European Union standards.

Subject: Budget execution and treasury management, Budget planning and preparation, Currencies, Expenditure, Fiscal accounting and reporting, Money, Public financial management (PFM)

Keywords: Accounting system, Accrual basis, Annual budget, Baseline forecast, Budget execution and treasury management, Budget planning and preparation, Budget year, Central government, CR, Currencies, Final accounts, Fiscal accounting and reporting, General government, Government budget, Government equity holding, ISCR, Reserve fund, Sector statistics

Publication Details

Pages:

38
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2002/231
Stock No:

1ITAEA0022002
ISBN:

9781451819809
ISSN:

1934-7685

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