ΔΗΜΟΣΙΟΝΟΜΙΚΗ ΔΙΑΦΑΝΕΙΑ

Fiscal Transparency

Initiatives, standards and codes | Tools for assessing public financial

management | Fiscal rules and fiscal councils | The Greek fiscal reform

Katerina Savvaidou

Lecturer at the School of Law of the Aristotle University of Thessaloniki

Abstract:

The concept of fiscal transparency is not new. It constitutes a funda-

mental principle of the budgetary law along with the other traditional budget

principles. However, the concept has evolved over time and today is really at the

heart of the initiatives for the improvement of fiscal governance. Various interna-

tional organizations as well as civil society organizations have undertaken several

initiatives and have developed several tools for assessing fiscal transparency and

public financial management in general. The introduction of fiscal rules and fis-

cal institutions, especially in the context of strengthening budgetary discipline

in the EU, also contributes to promoting fiscal transparency. The present study

attempts to record the above initiatives, the assessment tools, the fiscal rules and

the fiscal institutions. Also, the study makes a reference to the reform effort that

took place in Greece, after the beginning of the crisis, in order to strengthen fiscal

transparency and improve public financial management in general.

ISBN 978-960-622-126-2

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