Bureau of the Fiscal Service financial management and shared services. The Fiscal Service replaced the Bureau of the Public Debt and the Financial Management Service effective October 7, 2012 per directive of Treasury Secretary Timothy Geithner. The Bureau manages the government's accounting, central payment systems, and public debt. Among its duties is to collect any voluntary donations made to the government for reduction of the public debt. 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
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