Bureau of the Fiscal Service Bureau of the Fiscal Service The Bureau of the Fiscal Service (Fiscal Service) is a bureau of the U.S. Department of the Treasury, an agency of the United States federal government. The mission of the Fiscal Service is to promote the financial integrity and operational efficiency of the U.S. government through exceptional accounting, financing, collections, payments, and shared services. Their vision is to transform financial management and the delivery of shared services in the federal government. They collaborate with and help other government organizations raise the level of their performance by utilizing modern business practices and emerging technology for federal
Fiscal transparency 2012 reviewed the state of fiscal transparency in the wake of the global financial crisis and proposed a series of improvements to existing international fiscal transparency standards and monitoring arrangements. The 2012 paper laid the groundwork for the IMF’s new Fiscal Transparency Code and Fiscal Transparency Evaluation that replaced the 2007 Code and the related fiscal module of the ROSC. The new Code covers four key elements of fiscal transparency: For each of the principles defined in the Code, the new Code differentiates between basic, good, and advanced practices in order to distinguish between different levels of performance and capacity