Fiscal transparency

Fiscal Transparency Fiscal Transparency refers to the openness, clarity, and accessibility of information regarding a government’s fiscal operations — including its budget, revenues, expenditures, debt, and fiscal risks. It ensures that citizens, investors, and oversight institutions can clearly understand how public resources are raised and spent, thereby promoting accountability, efficiency, and good governance. A fiscally transparent government regularly publishes detailed reports such as budget documents, mid-year and year-end fiscal statements, and audit reports, enabling public scrutiny and informed decision-making. High fiscal transparency also helps build public trust and supports economic stability by reducing uncertainty and corruption risks.

Example: A government that publishes its annual budget, public debt reports, and independent audit findings online demonstrates strong fiscal transparency, allowing citizens to track how tax money is being used.