Fiscal transparency in the European Union

The fiscal transparency is a key point in the fiscal policy stance, which is why a special attention should be paid to this issue. The fiscal transparency provides to the policymakers the ability to accurately analyse the costs and benefits of any changes in the fiscal policy. In addition, the economic turmoil manifested lately led to a strengthening of the fiscal surveillance in the European Union. Thus, in this article the objective is to analyse how fiscal transparency is achieved in the European Union through the changes made or planned to be implemented due to recent economic pressures.