Turkey: Fiscal Transparency Evaluation

International Monetary Fund

No 2017/208, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses findings of the evaluation of fiscal transparency in Turkey. As a result of several reforms, Turkey has made significant progress against the 36 principles of the IMF’s new Fiscal Transparency Code. Of the 36 principles in the Code, Turkey now meets 10 principles at the basic level, 13 principles at the good level, and 6 principles at the advanced level. Fiscal transparency practices are strongest in the area of fiscal reporting. Moreover, in 5 of the areas where Turkey’s transparency practices do not currently meet basic practice, this could be readily addressed by publishing data that are already collected for internal management purposes.

Keywords: ISCR; CR; balance sheet; annual budget; central government; final accounts; budget proposal; contingency reserve; local government; General government debt; service fee; government transfer; property holding; government report; government data; income statement; appropriation authority; government forecast; Budget planning and preparation; Fiscal risks; Macroeconomic and fiscal forecasts; Financial statements; Global; Europe (search for similar items in EconPapers)
Pages: 79
Date: 2017-07-18
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