30/07/21, 15:00–16:00 (CEST) JVI webinar: Fiscal Transparency in CESEE
In the wake of the current global health crisis, fiscal transparency concerns have come to the forefront of discussion. Fiscal risks related to public investment, subnational governments, public guarantees, and state-owned enterprises (SOEs) have increased in CESEE countries, following the strong fiscal response to the COVID pandemic.
While research has shown that fiscal transparency is critical to effective fiscal management and accountability, lack of fiscal transparency has contributed to periods of macroeconomic stress and sovereign debt crises in European countries. Underestimated fiscal risks and deficient fiscal reporting have led to large unexpected debt increases during the global financial crisis. Register here