on positive trends in the area of accounting, information recording, and financial reporting. …

financing fund system with clear and rigid inflow and outflow rules and should be based on clear and regulated investment …

of Russia’s fiscal reporting and budgeting practices are in line with good or advanced practice under the July 2013 …

standards. • Fiscal forecasting and budgeting have improved over the last three years, although investment evaluation only … requirements and ESA 95 standards, but still lacks a sound conceptual accounting framework based on internationally accepted … undertaken in the last few years, such as the publication of a fiscal risk statement, remains fragmented. The large amount and …

, and its legacy on sovereign balance sheets, reaffirms the need for strengthening financial risk management. This paper … perspective, the SALM approach could help detect direct and derived sovereign risk exposures. It allows analyzing the financial … risk. The paper also outlines institutional requirements in implementing an SALM framework and seeks to lay the ground for …