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Disclosing Fiscal Risks in the Post-Crisis World

International Monetary Fund




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 | #4441228 in eBooks |  2009-07-16 |  2009-07-16 | File type: PDF

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This note discusses the appropriate methods for disclosing fiscal risks from exogenous shocks and the realization of explicit or implicit contingent obligations of governments. The note also focuses on fiscal risks emerging from recent public interventions in the financial sector. One of the key recommendations is that countries should regularly prepare and publish a statement of fiscal risks along with annual budget documents and include different types of financial ri...

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