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Global Initiative for Fiscal Transparency

Stretching the Frontiers on Fiscal Openness Initiatives

Massimo Mastruzzi's picture

The recent Open Government Partnership (OGP) regional events in  Bali and Dublin have provided a fertile opportunity for participating countries to showcase their performance in advancing open data reforms and for newer members to learn from their peers. The positive energy and participation at these events was a reminder of the strides achieved in recognizing the importance of open data as a precondition for better development outcomes. This was particularly relevant in the field of fiscal openness where an increasing number of countries demonstrated how they are taking actions towards improving transparency in financial matters.

The fiscal openness working group (FOWG) - a partnership between the Global Initiative on Fiscal Transparency (GIFT), the OGP Secretariat and the Governments of Brazil and Philippines - – provided a good opportunity to review the results achieved so far. It produced a background paper that reviewed the status of fiscal commitments. The following highlights stood out in helping us gauge the extent to which fiscal transparency principles are being operationalized in the OGP context: