04/16/2024 | Press release | Distributed by Public on 04/16/2024 00:35
National Treasury notes and welcomes the release of the International Monetary Fund's (IMF) Fiscal Transparency Evaluation Report.
South Africa has a strong record of fiscal transparency and consistently ranks among the top three countries worldwide for transparency, according to the International Budget Partnership.
A predictable and transparent fiscal policy underpins macroeconomic stability. The IMF's Fiscal Transparency Evaluation report notes a strong performance in fiscal reporting and budget transparency, and suggests improvements in three areas:
Work is underway on all these areas. Government is committed to addressing these areas to enhance fiscal credibility and ensure continued transparency and accountability in the management of public finances.
The full report can be accessed from the IMF website here: https://bit.ly/4arlhux