Turkey ranks among top 40 nations in IMF fiscal transparency report

IMF fiscal transparency Mehmet Şimşek public financial management structural reforms

Turkish Treasury and Finance Minister Mehmet Şimşek announced that Turkey has achieved high rankings in fiscal transparency according to a recent update from the International Monetary Fund (IMF). The IMF's Fiscal Transparency Assessment examines public financial management practices, including fiscal statistics, budget management, fiscal risk management, and accountability.

According to the report, Turkey has made significant progress over the last decade. In 2015, the country met the principles of the Fiscal Transparency Code at a 'good' or 'advanced' level in approximately half of the criteria. This figure has since risen to two-thirds, placing Turkey among the top performers in a group of approximately 40 assessed countries, alongside nations such as the United Kingdom, Finland, Ireland, Austria, and Portugal.

Minister Şimşek attributed this success to over 20 years of ongoing institutional transformation and structural reforms. The IMF noted that improvements were driven by the continuous development of fiscal statistics, the implementation of performance-based program budgeting, and the adoption of international public accounting standards.

Entities

International Monetary Fund · Mehmet Şimşek · Ministry of Treasury and Finance · Turkey · Türkiye

Claims

What the coverage asserts, and how many sources carry each claim.

[● 3 SOURCES] The IMF's 2000 assessment found deficiencies in budget preparation and limited balance sheet information.
[● 3 SOURCES] Türkiye ranked among the top performers in a group of approximately 40 assessed countries.
[● 3 SOURCES] Reforms in performance-based program budgeting and international accounting standards contributed to progress.
[○ 1 SOURCE] The IMF lowered Türkiye's 2026 growth forecast from 2.9 percent to 2.7 percent.
[● 3 SOURCES] Türkiye has made significant progress in fiscal transparency over the last 10 years.
[● 3 SOURCES] The IMF assessed fiscal statistics, budget management, fiscal risk management, and accountability.
[● 3 SOURCES] The current development is the result of an institutional transformation lasting over 20 years.
[● 3 SOURCES] The 2015 assessment showed a strengthened legal framework and improved medium-term budgeting.