Explain the concept of fiscal transparency.

Economics Fiscal Policy Questions



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Explain the concept of fiscal transparency.

Fiscal transparency refers to the extent to which the government provides comprehensive and reliable information about its fiscal policies, activities, and outcomes to the public. It involves the disclosure of relevant fiscal information, such as budgetary plans, revenue and expenditure data, debt levels, and fiscal risks, in a timely and accessible manner. Fiscal transparency aims to promote accountability, enhance public trust, and enable informed decision-making by citizens, investors, and other stakeholders. It also helps to prevent corruption, mismanagement of public funds, and unsustainable fiscal practices.