European Parliament Library

Mozambique :, Fiscal Transparency Evaluation

This Fiscal Transparency Evaluation report highlights that Mozambique’s program of budget reforms has brought most aspects of its fiscal reporting and budgeting practices into line with basic and good practices, as defined under the IMF’s Fiscal Transparency Code. The weaknesses on fiscal reporting could be addressed on the short term by the on-going reforms. The disclosure and management of fiscal risks are inadequate and should be improved on the medium term to face the challenges that may arise from the expected increase in natural resource revenues. This report also describes several areas in which Mozambique’s fiscal transparency practices could be further improved. The institutional coverage of fiscal reports is still limited; it does not provide complete and reliable information on the operations performed by the social security fund and numerous autonomous entities, which are likely to be significant. The government’s fiscal reporting is prepared on a modified cash basis, and important elements of the balance sheet, such as the current value of arrears and of shares of corporations owned by the State, are not reported. Based on the analysis, this report makes seven recommendations aimed at materially enhancing the information base for fiscal decision-making in Mozambique and ensuring the country keeps pace with evolving international transparency standards and practice
Table Of Contents
Cover; CONTENTS; ABBREVIATIONS; PREFACE; EXECUTIVE SUMMARY; TABLES; 1.0. Summary Assessment Against Fiscal Transparency Code; FISCAL REPORTING; 1.0 Introduction; 1.1. List of Consolidated Ex-Post Fiscal Reports; 1.1 Coverage of Fiscal Reports; FIGURES; 1.1. Overview of the Public Sector Based on Authorities' Inventories; 1.2. Public Entities Annual Financial Statements; 1.3. Estimates of the Distribution of Public Sector Resource (Percent of GDP, 2012); 1.4. Estimates of the Distribution of Public Sector Assets and Liabilities; 1.2. Public Entities Annual Financial Statements
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (79 p.)
Specific Material Designation
Form Of Item

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