Fiscal Transparency
/ˈfɪskəl trænˈspærənsi/
Definitions
- (n.) The principle and practice requiring governments to openly disclose accurate, comprehensive, and timely information about public financial activities.
Fiscal transparency is critical for ensuring accountability in government budgeting.
- (n.) A legal framework mandating public access to data on government revenues, expenditures, debt, and fiscal risks to promote informed policy decisions and public scrutiny.
The law enhances fiscal transparency by obligating periodic publication of detailed financial reports.
Forms
- fiscal transparency
Related terms
See also
Commentary
Fiscal transparency is often mandated by law to prevent corruption and promote responsible governance; clear definitions in legislation enhance its effectiveness.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.