Dominican Republic – Fiscal Transparency Evaluation

This technical assistance report evaluates the fiscal transparency practices of the Dominican Republic (DR) against the International Monetary Fund’s (IMF) Fiscal Transparency Code. The assessment covers three pillars: fiscal reporting, fiscal forecasting and budgeting, and fiscal risk analysis and management. The DR demonstrates strengths in fiscal reporting and budget processes but faces challenges in comprehensive coverage, particularly regarding public trusts and long-term fiscal risks. Key recommendations focus on improving the inclusion of extrabudgetary entities in fiscal reports, enhancing macro-fiscal projections and monitoring under the new Fiscal Responsibility Law, and strengthening the analysis and disclosure of fiscal risks, especially those related to public enterprises and long-term contracts. Implementing these recommendations would enhance fiscal policy credibility, transparency, and risk management.