- Revised Code to help improve policymaking and accountability for use of public money
- Consultation seeks public input into Code revisions
- Pilot Fiscal Transparency Assessments initiated in several countries
Following an initial consultation early in 2013, the IMF has released a draft of its revised Fiscal Transparency Code for further public consultation. The revised Code will be the basis for a renewed push for greater fiscal transparency.
Information on public finances is sometimes reported by governments in ways that do not provide a full and reliable picture of their financial position, outlook, and risks. Greater fiscal transparency helps to ensure governments make informed economic decisions and allows legislatures and citizens to hold governments accountable for their use of public resources.
See full Article:
http://www.imf.org/external/pubs/ft/survey/so/2013/POL061713A.htm
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