IV Summary and Conclusions
Author:
Mr. George Kopits
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Mr. J. D. Craig
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Abstract

Fiscal transparency—defined as public openness in government institutions, fiscal policy intentions, public sector accounts, indicators, and forecasts—is fundamental to sound economic policy. Transparency allows the market to evaluate, and impose discipline on, government policy and increases the political risk of unsustainable policies. The potential role of transparency in promoting good governance has been widely recognized.

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