The Fiscal Transparency in Romania and Turkey : A Comparative Study

The recent financial crisis had a significant impact global economy and fiscal transparency all over the world. International Monetary Fund and other international institutions are concern about fiscal policy, fiscal reforms and fiscal transparency among its member countries. The aim of this paper is to present a comparative study of fiscal transparency in Romania and Turkey, the evolution of fiscal and financial reforms, and weaknesses in the public system in Romania and Turkey. Romania and Turkey has a positive evolution in the last decades regarding fiscal, financial reforms and budget structure according to EU regulations