Finland: Fiscal Transparency Evaluation

March 11, 2015

Preview Citation

Format: Chicago

Finland: Fiscal Transparency Evaluation, (USA: International Monetary Fund, 2015) accessed November 12, 2024

Summary

This paper discusses key findings of fiscal transparency evaluation for Finland. It highlights that Finland meets most of the principles of the Fiscal Transparency Code at good or advanced level. Some areas, notably related to the analysis and management of fiscal risks, are still rated as basic or below, but with a few exceptions the importance of these areas for fiscal management in Finland is relatively low. Overall, the Finnish authorities produce an impressive amount of data and information related to all three pillars of the Code. It is also highlighted that fiscal reporting in Finland is transparent and meets good or advanced practice in all areas.

Subject: Budget planning and preparation, Expenditure, Financial statements, Fiscal reporting, Fiscal risks, Pension spending, Public financial management (PFM)

Keywords: Balance sheet, Budget planning and preparation, Budget proposal, Budget year, CR, Debt management, Financial crisis, Financial statements, Fiscal policy, Fiscal risks, General government, General government, Government decree, Government guarantee, ISCR, Local government, Pension spending, Potential GDP, State treasury, Western Europe

Publication Details

Pages:

80
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/060
Stock No:

1FINEA2015001
ISBN:

9781498318600
ISSN:

1934-7685

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