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FISCAL TRANSPARENCY

Statistics Directorate    
Definition:
Openness toward the public at large about government structure and functions, fiscal policy intentions, public sector accounts, and projections.

It involves ready access to reliable, comprehensive, timely, understandable, and internationally comparable information on government activities so that the electorate and financial markets can accurately assess the government’s financial position and the true costs and benefits of government activities, including their present and future economic and social implications.

(Kopits, George, and Jon Craig, 1998, Transparency in Government Operations, IMF Occasional Paper No. 158 (Washington: International Monetary Fund), p. 1).

Source Publication:
IMF, 2007, Manual on Fiscal Transparency, IMF, Washington DC, Glossary.

Statistical Theme: Financial statistics

Created on Monday, July 23, 2007

Last updated on Thursday, July 26, 2007