South Africa: Fiscal Transparency Evaluation

By Carolina Renteria Rodriguez, Trish N Chiinze, Sage De Clerck, Foyzunnesa Khatun, Natalie Manuilova, Vincent Tang

May 8, 2024

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Format: Chicago

Carolina Renteria Rodriguez, Trish N Chiinze, Sage De Clerck, Foyzunnesa Khatun, Natalie Manuilova, and Vincent Tang. South Africa: Fiscal Transparency Evaluation, (USA: International Monetary Fund, 2024) accessed December 21, 2024

Summary

South Africa has many elements of sound fiscal transparency practices. Based on an assessment of fiscal transparency practices against the IMF’s Fiscal Transparency Code, South Africa’s practices are strongest in fiscal reporting, followed by fiscal forecasting and budgeting, and weakest in fiscal risk analysis. South Africa’s Balance Sheet public sector net worth – including assumptions for the values of non-reported assets – is estimated to be 100 percent of GDP. There is room to improve South Africa’s fiscal reporting, budget transparency, and management of fiscal risks.

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

Keywords: Africa, Budget credibility, Budget planning and preparation, Budget transparency, Budgeting, Fiscal reporting, Fiscal risks, Fiscal transparency, Fiscal Transparency Evaluation (FTE), Procurement deficiency, Risk category, State capture

Publication Details

Pages:

3
Volume:

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DOI:

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Issue:

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Series:

High Level Summary Technical Assistance Report No. 2024/017
Stock No:

HLSEA2024017
ISBN:

9798400274152
ISSN:

2959-4103

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