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Budget transparency is defined as the full disclosure of all relevant fiscal information in a timely and systematic manner.
The "OECD Best Practices for Budget Transparency" are designed as a reference tool for governments to use in order to increase the degree of budget transparency in their respective countries.
The best practices are in three parts:
- Part 1 lists the principal budget reports that governments should produce and their general content.
- Part 2 describes specific disclosures to be contained in the reports, including both financial and non-financial performance information.
- Part 3 highlights practices for ensuring the quality and integrity of the reports.
The best practices are based on different countries’ experiences in each area and are organised around specific reports for presentational reasons only. Different countries will have different reporting regimes and may have different areas of emphasis for transparency.