## Fiscal Transparency, Accountability, and Risk

_Policy Papers, August 7, 2012_

## Source details

**Canonical URL:** [Fiscal Transparency, Accountability, and Risk](https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/fiscal-transparency-accountability-and-risk-pp4709)

## Other formats

- [Markdown version](/en/publications/policy-papers/issues/2016/12/31/fiscal-transparency-accountability-and-risk-pp4709/index.md)
- [Structured JSON version](/en/publications/policy-papers/issues/2016/12/31/fiscal-transparency-accountability-and-risk-pp4709/index.json)
- [Bundle manifest](/en/publications/policy-papers/issues/2016/12/31/fiscal-transparency-accountability-and-risk-pp4709/bundle-manifest.json)

## Bibliographic details
- Published: August 7, 2012
- Series: Policy Papers
- Stock No: ISBN

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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.
- 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.

### Scope and focus
- Subject: Central banks, Fiscal policy, Fiscal risk, Fiscal transparency
- Main areas reviewed:
  - Relationship between fiscal transparency and fiscal outcomes.
  - Progress in promoting greater fiscal transparency over the past decade.
  - Lessons of the recent crisis for existing fiscal transparency standards, practices, and monitoring arrangements.
  - Recommendations for renewing the global fiscal transparency effort.

### Findings and analytical emphasis
- 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.

### Policy recommendations (as described)
- Makes a series of recommendations for renewing the global fiscal transparency effort in the wake of the crisis.
- Focus of recommendations:
  - Reinforcing fiscal transparency standards and practices.
  - Improving monitoring arrangements.
  - Strengthening the link between transparency and accountability to improve fiscal outcomes.

### Related IMF outreach (from page)
- Policy Papers (category)
- IMF Publications Newsletter: Latest economic research and insights delivered to your inbox each month. (Subscribe)

*Source: Fiscal Transparency, Accountability, and Risk (August 7, 2012), International Monetary Fund — accessed 9/18/2026.*

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## Content in this bundle

- **Fiscal Transparency, Accountability, and Risk; IMF Policy Paper; August 7, 2012**
  - [Fiscal Transparency, Accountability, and Risk; IMF Policy Paper; August 7, 2012 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/np/pp/eng/2012/_080712.pdf.md){rel="alternate" type="text/markdown"}
  - [Fiscal Transparency, Accountability, and Risk; IMF Policy Paper; August 7, 2012 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/np/pp/eng/2012/_080712.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/fiscal-transparency-accountability-and-risk-pp4709_