Table 29 of the REO shows expenditures by functional classification. As can be seen in this table, the three sectors with the most weight are “General Public Services” (28.9% of expenses incurred); “Economic Affairs” (20.4%) and Education (19.9%). This table in itself is not very informative, as it piles up the Functional Classification too much: the reader does not know, at first glance, what the “General Public Services” or “Economic Matters” contain. The CIP wants to remember that already in the Report for the Wednesday
Assessment under the Economic Policy Support Instrument, June 2015, the IMF noted that the Government was preparing a more detailed classification framework to better identify priority expenditures. The CIP recommends that the Government apply this framework so that Table 29 is more informative, easy to read and interpret. CIP makes this recommendation in the spirit that the Government publishes information in a clear and easy-to-read form, thus increasing the transparency of the State Budget.
