Philippines: Report on the Observance of Standards and Codes

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

October 4, 2002

Preview Citation

Format: Chicago

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

Summary

This report provides an assessment of the Observance of Standards and Codes on Fiscal Transparency Module for the Philippines. The Philippines meets the requirements of fiscal transparency in many important respects. Despite broad adherence to the transparency code, there are some key areas that require strengthening. Although the existing responsibilities, procedures, and reporting arrangements are well defined, more efforts are required to enforce them, to clearly define accountabilities, and to take firm and demonstrable corrective action when they are not met.

Subject: Budget execution and treasury management, Budget planning and preparation, Chart of accounts, Expenditure, Fiscal accounting and reporting, Public financial management (PFM)

Keywords: Accounting system, Annual budget, Budget document, Budget execution and treasury management, Budget planning and preparation, Chart of accounts, CR, Expenditure program, Financing flow, Fiscal accounting and reporting, Government account, Government accounting, Government operation, Government policy, Government regulation, ISCR, NG budget balance, Policy intention, Procurement procedure, Tax authorities

Publication Details

Pages:

25
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2002/216
Stock No:

1PHLEA0012002
ISBN:

9781451831238
ISSN:

1934-7685

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