Manual on Fiscal Transparency

Fiscal transparency is an important aspect of good governance, as this should make those responsible for the design and implementation of fiscal policies more publicly accountable. The Code of Good Practices on Fiscal Transparency was developed by the IMF, together with an explanatory manual, in order to develop comprehensive and reliable guidance for good practice. This was revised in 2001 to reflect developments in fiscal management practices, and is available in a hard copy version for the first time. The Code covers: clarity of roles and responsibilities; public availability of information; open budget preparation, execution and reporting; and assurances of integrity.