April, 2015 | By Alta Fölscher (GIFT) and the International Budget Partnership
For the proponents of democratic governance, fiscal openness is arguably an end itself. For the international investment community and for some in-country actors, fiscal openness is necessary for fiscal surveillance, stability, and to assess fiscal risk. For those interested in government effectiveness, it is more about disciplining public decisions.
This paper argues that there is value in treating fiscal openness as a fundamentally multi-faceted concept when looking at incentives, even while acknowledging that its facets are inter-related and, in the long run, inter-dependent.