Jordan: Technical Assistance Report-Fiscal Transparency Evaluation

October 8, 2021

Preview Citation

Format: Chicago

Jordan: Technical Assistance Report-Fiscal Transparency Evaluation, (USA: International Monetary Fund, 2021) accessed November 21, 2024

Summary

Jordan has taken important steps to enhance its fiscal transparency over the past decade. Notably, there is a comprehensive legal framework for the management of public finances. Fiscal reports have become more comprehensive and cover a high proportion of public sector institutions. The frequency of in-year reporting is at an advanced level, as is the timeliness of publication of the government’s annual financial statements. Fiscal statistics are disseminated in accordance with international standards (SDDS). Fiscal forecasts and budgets have become more forward looking and policy oriented with the introduction of a five-year medium-term budget framework and a program classification. As a result of improvements in fiscal transparency practices, in the 2019 Open Budget Survey, Jordan scored above the global average for transparency, and is the only country in the region ranked overall as ‘green’ on this measure. Nevertheless, the FTE provides a more detailed and in-depth analysis with a broader focus.

Subject: Budget planning and preparation, Expenditure, Fiscal reporting, Fiscal risks, International organization, Monetary policy, Public debt, Public financial management (PFM)

Keywords: Budget planning and preparation, Equity ratio, Europe, Fiscal reporting, Fiscal risks, General government debt, General government finance bulletin, Global, IMF mission, Jordan FTC rating, Middle East and Central Asia

Publication Details

Pages:

69
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2021/224
Stock No:

1JOREA2021003
ISBN:

9781513598840
ISSN:

1934-7685

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