{
  "title": "Fiscal Transparency, Accountability, and Risk",
  "publication": "Policy Papers, August 7, 2012",
  "sourceUrl": "https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/fiscal-transparency-accountability-and-risk-pp4709",
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  "summary": "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.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- 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.\n- 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."
    },
    {
      "heading": "Scope and focus",
      "content": "- Subject: Central banks, Fiscal policy, Fiscal risk, Fiscal transparency\n- Main areas reviewed:\n  - Relationship between fiscal transparency and fiscal outcomes.\n  - Progress in promoting greater fiscal transparency over the past decade.\n  - Lessons of the recent crisis for existing fiscal transparency standards, practices, and monitoring arrangements.\n  - Recommendations for renewing the global fiscal transparency effort."
    },
    {
      "heading": "Findings and analytical emphasis",
      "content": "- Surveys the state of fiscal transparency in the wake of the current crisis.\n- Emphasizes the link between fiscal transparency and fiscal outcomes.\n- Reviews a decade of progress in promoting greater fiscal transparency.\n- Analyzes how the recent crisis revealed strengths and weaknesses in fiscal transparency standards, practices, and monitoring."
    },
    {
      "heading": "Policy recommendations (as described)",
      "content": "- Makes a series of recommendations for renewing the global fiscal transparency effort in the wake of the crisis.\n- Focus of recommendations:\n  - Reinforcing fiscal transparency standards and practices.\n  - Improving monitoring arrangements.\n  - Strengthening the link between transparency and accountability to improve fiscal outcomes."
    },
    {
      "heading": "Related IMF outreach (from page)",
      "content": "- Policy Papers (category)\n- IMF Publications Newsletter: Latest economic research and insights delivered to your inbox each month. (Subscribe)\n\nSource: Fiscal Transparency, Accountability, and Risk (August 7, 2012), International Monetary Fund — accessed 9/18/2026.\n\n---\n\n Content in this bundle\n\n- Fiscal Transparency, Accountability, and Risk; IMF Policy Paper; August 7, 2012\n  - Fiscal Transparency, Accountability, and Risk; IMF Policy Paper; August 7, 2012 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Fiscal Transparency, Accountability, and Risk; IMF Policy Paper; August 7, 2012 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/fiscal-transparency-accountability-and-risk-pp4709"
    }
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    "Published: August 7, 2012",
    "Series: Policy Papers",
    "Stock No: ISBN",
    "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.",
    "Subject: Central banks, Fiscal policy, Fiscal risk, Fiscal transparency",
    "Main areas reviewed:",
    "Surveys the state of fiscal transparency in the wake of the current crisis.",
    "Emphasizes the link between fiscal transparency and fiscal outcomes.",
    "Reviews a decade of progress in promoting greater fiscal transparency.",
    "Analyzes how the recent crisis revealed strengths and weaknesses in fiscal transparency standards, practices, and monitoring.",
    "Makes a series of recommendations for renewing the global fiscal transparency effort in the wake of the crisis.",
    "Focus of recommendations:",
    "Policy Papers (category)",
    "IMF Publications Newsletter: Latest economic research and insights delivered to your inbox each month. (Subscribe)",
    "**Fiscal Transparency, Accountability, and Risk; IMF Policy Paper; August 7, 2012**"
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