Fiscal councils’ impact on promoting transparency and accountability in public finance management

Keywords: fiscal councils, fiscal transparency, fiscal accountability, fiscal policy communication, media influence

Abstract

This paper addresses two main questions: (1) how far do the activities of fiscal councils in the EU countries help promote transparency and accountability in the management of public finances and (2) how could fiscal councils enhance the impact of those activities? The analysis is based on a questionnaire collected in 2016 from fiscal councils in 18 EU countries. The questionnaire looked at how the councils themselves assessed their impact on the management of public finances, and how they communicated their findings to the wider public. The councils see some benefits of their work; and their monitoring of adherence to fiscal rules and legislative regulation, as well as their warnings about excessive government spending, seem to get noticed in the media. This activity informs the public, and may in turn influence politicians’ ratings, thereby helping to contribute to greater accountability in the management of public finances.

Published
2020-09-01
How to Cite
Bach, S. (2020). Fiscal councils’ impact on promoting transparency and accountability in public finance management. Public Sector Economics, 44(3), 356-384. Retrieved from https://hrcak.srce.hr/ojs/index.php/pse/article/view/12158
Section
Articles