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Libya Technical Assistance Report—Public Financial Management Reform Priorities in the New Environment

Libya faces a number of challenges to establishing a robust, efficient, and transparent public financial management system. There is a need to establish a clear macrofiscal policy framework. The Sovereign Wealth Fund (SWF) should be a financing fund system with clear and rigid inflow and outflow rul...

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Bibliographic Details
Corporate Author: International Monetary Fund Fiscal Affairs Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2013
Series:IMF Staff Country Reports
Subjects:
Fiscal Policy
National Budget, Deficit, And Debt: General
Accounting
National Government Expenditures And Related Policies: General
Public Financial Management (pfm)
Expenditures, Public
Budgeting
Public Finance Accounting
Public Finance & Taxation
Public Finance
Budget Planning And Preparation
Budget Systems
Public Administration
Fiscal Accounting And Reporting
Budget Execution And Treasury Management
Expenditure
National Budget
Finance, Public
Macroeconomics
Public Sector Accounting And Audits
Budget
Budgeting & Financial Management
Libya
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:Libya faces a number of challenges to establishing a robust, efficient, and transparent public financial management system. There is a need to establish a clear macrofiscal policy framework. The Sovereign Wealth Fund (SWF) should be a financing fund system with clear and rigid inflow and outflow rules and should be based on clear and regulated investment criteria. Under the existing legal and regulatory framework, budget expenditures cannot exceed the initial ceilings specified in the annual budget law. This should be strictly enforced
Physical Description:62 pages
ISBN:9781475528954

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