The Fiscal Transparency Code


A. FISCAL TRANSPARENCY PRINCIPLES I. Fiscal Reporting Fiscal reports should provide a comprehensive, relevant, timely, and reliable overview of the government’s financial position and performance. II. Fiscal Forecasting and Budgeting Budgets and their underlying fiscal forecasts should provide a clear statement of the government’s budgetary objectives and policy intentions, and comprehensive, timely, and credible projections of the evolution of the public finances. III. Fiscal Risk Analysis and Management Governments should disclose, analyze, and manage risks to the public finances and ensure effective coordination of fiscal decision-making across the public sector.

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