• Service: Advisory
  • Type: KPMG information
  • Date: 9/12/2013

First chapter of the book “The political economy of transparency, participation and accountability” 

In this chapter, we begin by summarizing the relevant literature on fiscal transparency, participation, and accountability. We examine cross-country evidence through statistical and comparative studies, looking for conditions that are associated with higher levels of budget transparency.

Raising, allocating, and spending public resources are among the primary functions and policy instruments of any government. Government budgets, as well as off-budget fiscal instruments such as state-owned enterprises and sovereign wealth funds, profoundly affect economies, societies, and ecoystems. Decisionmaking around government revenues and expenditures has historically been shrouded in secrecy—the purview of heads of state, finance ministers, and central bankers, along with a few select officials in executive agencies.