Fiscal Transparency, Accountability, and Risk

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Fiscal Policies and Political Economy Economic and Fiscal Studies Global Financial Crisis and Policies

Abstract

This paper surveys that state of fiscal transparency in the wake of the current crisis and looks at what can be done to improve it. It examines the relationship between fiscal transparency and fiscal outcomes; reviews progress in promoting greater fiscal transparency over the past decade; considers the lessons of the recent crisis for existing fiscal transparency standards, practices, and monitoring arrangements; and makes a series of recommendations for renewing the global fiscal transparency effort in the wake of the crisis.

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2011Fiscal Policy Implementation in Sub-Saharan Africa 2014Budget Transparency and Legislative Budgetary Oversight 2015The Impact of Accrual-Based Public Accounting Harmonization on EU Macroeconomic Surveillance and Governments’ Policy Decision-Making 2015The effects of fiscal opacity on sovereign credit spreads 2016How to Improve the Financial Oversight of Public Corporations 2020Time to rethink public sector accounting education? A practitioner’s perspective 2021Reconciliation of budgeting and accounting 2022UK public sector fiscal reporting: clear and contradictory

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