South Africa: Technical Assistance Report-Fiscal Transparency Evaluation

Author: International Monetary Fund. Fiscal Affairs Dept.

Volume/Issue: Volume 2024 Issue 031

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Economics- Macroeconomics , Money and Monetary Policy , Public Finance , Business and Economics - Statistics , International - Economics , South Africa , Fiscal Transparency , Fiscal Reporting , Fiscal Risks , Budget planning and preparation , Economic sectors , Expenditure , Financial statements , Public financial management (PFM) , Public sector , , IMF's Fiscal Affairs Department , Group chief financial officer , GFS Division , communication technology , Fiscal Affairs Department of the IMF , Public sector , Africa , Global

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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. There is room to improve South Africa’s fiscal reporting, budget transparency and management of fiscal risks.