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Sri Lanka: Report on the Observance of Standards and Codes - Fiscal Transparency Module--Update.

Author: International Monetary Fund
Publisher: [Place of publication not identified] International Monetary Fund 2005
Series: IMF Staff Country Reports, Country Report No. 05/251.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
This report on Sri Lanka’s Observance of Standards and Codes highlights the fiscal transparency module. The 2003 Fiscal Management Act has improved the transparency of government fiscal policy. There has been little progress made in eliminating the quasi-fiscal activities of public corporations. Following the sharp rise in world oil prices, the authorities suspended the petroleum pricing formula that ensured that  Read more...
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Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: International Monetary Fund
ISBN: 1455280313 9781455280315 1452737339 9781452737331 1280890940 9781280890949 9786613732255 6613732257 1451883692 9781451883695 9781451823554 145182355X
ISSN:2227-8907
OCLC Number: 1059059177
Language Note: English.
Description: 1 online resource
Series Title: IMF Staff Country Reports, Country Report No. 05/251.
Other Titles: Sri Lanka: 2005 Article IV Consultation - Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion
Sri Lanka

Abstract:

This report on Sri Lanka’s Observance of Standards and Codes highlights the fiscal transparency module. The 2003 Fiscal Management Act has improved the transparency of government fiscal policy. There has been little progress made in eliminating the quasi-fiscal activities of public corporations. Following the sharp rise in world oil prices, the authorities suspended the petroleum pricing formula that ensured that domestic prices reflect market prices in 2004. Prices are administered with periodic ad hoc adjustments.

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