This paper discusses the first Report on Observance of Standards and Codes (ROSC) for Italy. IMF staff reviewed developments in Italy's observance of fiscal transparency practices, with a view to updating changes in current practices, reviewing progress in implementing the initial ROSC's...

This paper presents an update to the Report on the Observance of Standards and Codes (ROSC) on Fiscal Transparency Module for the Republic of Poland. The original ROSC concluded that boundaries of the general government were well defined by the public finance law, but proliferation of...

This paper presents an update to the Report on Observance of Standards and Codes on Fiscal Transparency Module for Azerbaijan. Reforms aimed at delineating the roles of the public and private sector in Azerbaijan have moved forward, but a significant amount of work still lies ahead. During 2002,...

During the 2003 Article IV Consultation mission, IMF staff reviewed developments in Italy's observance of fiscal transparency practices, with a view to updating changes in current practices, reviewing progress in implementing the initial report on observance and codes (ROSCs) recommendations,...

From this study, it is noted that accounting, classification, and reporting of fiscal operations would benefit from the establishment of a state treasury, and a number of measures were recommended. The report on the Observance of Standards and Codes (ROSC) concluded that key weaknesses in budget...

This report presents update on the Observance of Standards and Codes—Data and Fiscal Transparency Modules for Hungary. Hungary continues to observe the Special Data Dissemination Standards’ specifications for the coverage, periodicity, and timeliness of all data categories, including the...

This paper discusses the findings of fiscal transparency reports on standards and codes (ROSCs) for most EU accession candidate countries. Emphasis is given to the need to establish effective and accountable medium-term budget frameworks to establish policy credibility and anchor adjustment...

This paper explores initiatives to date by the IMF, financial markets, and civil society organizations to assess and utilize information on fiscal transparency. The results of surveys and interviews of rating agency analysts and surveys of civil society organizations on their level of awareness...

Many believe and argue that fiscal, or budgetary, transparency has large, positive effects on fiscal performance. However, the evidence linking transparency and fiscal policy outcomes is less compelling. To analyze the effects of fiscal transparency on public debt accumulation, we present a...

Since the early 1990s the issue of fiscal transparency has attracted increasing attention from international institutions, governments, and NGO's concerned with budgets and fiscal policy reform. This Article offers a critical analysis of the meaning and purposes of fiscal transparency in light...