The following four key requirements for fiscal transparency

The following four key requirements for fiscal transparency are regarded as essential:• Clear roles and responsibilities• Full provision of information• Open budget preparation and execution• Assurances of integrityPlease explain how those fiscal requirements are present – or not – in Saudi Arabia and how far the country is on its way to a Medium Term Budgetary Framework (MBTF). Please provide a write-up for each requirement and include most recent trends as available.Country for the purpose of this assignment:Saudi ArabiaRecommended Material for this assignment includeInternational Monetary Fund – Article IV Consultation – Saudi Arabia, June 2014 Monetary Fund – Budget Institutions in G20 CountriesCountry Evaluations – (See in particular Saudi Arabia, pages 78-81An Update –…IMF, Saudi Arabia: 2015 Article IV Consultation –Press Release – Staff Report, IMF Country Report No. 15/251, September 2015.…IMF, Saudi Arabia: 2016 Article IV Consultation –Press Release – Staff Report, IMF Country Report No. 16/326, October 2016.…Allen, Richard, Challenges of Reforming Budgetary Institutions in Developing Countries. In: Cangiano, Marco – Curristine, Teresa – Lazare, Michel (eds.), Public Financial Management and Its Emerging Architecture, IMF 2013, pp. 411-430.

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