Fiscal year end their fiscal years shortly after the Christmas shopping season. Fiscal year A fiscal year (or financial year, or sometimes budget year) is the period used by governments for accounting and budget purposes, which varies between countries. It is also used for financial reporting by business and other organizations. Laws in many jurisdictions require company financial reports to be prepared and published on an annual basis, but generally do "not" require the reporting period to align with the calendar year (1 January to 31 December). Taxation laws generally require accounting records to be maintained and taxes calculated on an annual
Fiscal transparency efficiency, equity, effectiveness, stability and sustainability of fiscal policies. This in turn enhances the likelihood that fiscal policies will have positive economic, social and environmental impacts. • Global Initiative for Fiscal Transparency (GIFT)<br> - GIFT's Resources and Publications.<br> - High Principles on Fiscal Transparency.<br> - Principles of Public Participation in Fiscal Policy.<br> - GIFT’s Guide on Principles and Mechanisms of Public Participation in Fiscal Policy.<br> • The World Bank - Fiscal Transparency<br> • IMF - Fiscal Transparency: (Fiscal Transparency Code, Fiscal Transparency Evaluation, Fiscal Transparency Manual and Natural Resource Guide)<br> • Public Expenditure and Financial Accountability (PEFA)<br> • The Extractive