IMF says Turkey has risen to top tier in fiscal transparency

An updated IMF Fiscal Transparency Evaluation finds Turkey has advanced to the upper tier of fiscal openness, complying with good or advanced practice in roughly two-thirds of the code's principles. The assessment credits a decade of reforms such as enhanced fiscal statistics, the rollout of performance-based program budgeting, and alignment with international public sector accounting standards. Compared with a 2000 review that flagged weak budget preparation and cash-based reporting, Turkey now shows stronger legal frameworks, medium-term budgeting, and expanded balance-sheet data.

The IMF rates fiscal reporting as the country's strongest domain, followed by forecasting and budgeting, but notes room for improvement in fiscal risk analysis. Overall, the report reflects more than twenty years of institutional change.