Overview and Synthesis: The Political Economy of Fiscal Transparency, Participation, and Accountability around the World


Raising, allocating, and spending public resources are among the primary functions and policy instruments of any government. Government budgets, as well as off-budget fiscal instruments such as state-owned enterprises and sovereign wealth funds, profoundly affect economies, societies, and ecoystems. Decisionmaking around government revenues and expenditures has historically been shrouded in secrecy—the purview of heads of state, finance ministers, and central bankers, along with a few select officials in executive agencies.

Sanjeev Khagram, Paolo de Renzio, and Archon Fung...

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