24.10.2026 11:03
The International Monetary Fund (IMF) announced that Turkey has made significant progress in fiscal transparency over the last 10 years. Speaking about the assessment, in which Turkey ranks among the top among approximately 40 countries, Minister of Treasury and Finance Mehmet Şimşek stated that the success is the result of an institutional transformation that has continued for more than 20 years.
The International Monetary Fund (IMF) has published its new assessment report examining Turkey's public financial management and transparency practices. The report stated that Turkey has made significant progress over the past 10 years and ranks among the top countries among approximately 40 countries whose assessments in the field of fiscal transparency have been completed.
TURKEY RANKS HIGH AMONG 40 COUNTRIES
Within the scope of the IMF's Fiscal Transparency Evaluation, fiscal statistics, budget management, fiscal risks, and accountability practices were examined.
It was noted that in 2015, Turkey was at a good or advanced application level in approximately half of the principles in the Fiscal Transparency Code, while in the latest assessment this rate rose to two-thirds.
The report stated that Turkey ranks high among approximately 40 countries, including the United Kingdom, Finland, Ireland, Austria, and Portugal.
THE RESULT OF A 20-YEAR TRANSFORMATION
The IMF stated that reforms in developing public fiscal statistics, transitioning to a performance-based program budget, and international public accounting standards were effective in Turkey's progress in fiscal transparency.
In Turkey's first review in 2000, shortcomings were identified in budget processes, fiscal reporting, and disclosure of risks. In 2015, it was assessed that the legal infrastructure had strengthened and the scope of fiscal reporting had expanded.
ŞİMŞEK: STRUCTURAL REFORMS CONTINUE
Minister of Treasury and Finance Mehmet Şimşek, in his statement regarding the IMF report, drew attention to Turkey's progress in the field of fiscal transparency.
Şimşek said, "This significant achievement is a concrete result of the institutional transformation that has been ongoing for more than 20 years. Our work on structural reforms that will further increase fiscal transparency continues."
Şimşek continued his remarks as follows:
"The Fiscal Transparency Evaluation, which examines Turkey's practices in the areas of fiscal statistics, budget management, fiscal risks, and accountability, was published by the IMF.
While Turkey was at a good or advanced application level in approximately half of the principles in the Fiscal Transparency Code in the 2015 assessment, this rate rose to two-thirds.
Thus, our country ranked among the top in fiscal transparency among approximately 40 countries, including the United Kingdom, Finland, Ireland, Austria, and Portugal.
This significant achievement is a concrete result of the institutional transformation that has been ongoing for more than 20 years. Our work on structural reforms that will further increase fiscal transparency continues."