Fiscal transparency Industries Transparency Initiative (EITI)<br> • Government finance statistics (GFS) Fiscal transparency Fiscal transparency refers to the publication of information on how governments raise, spend, and manage public resources. More specifically, it means publication of high quality information on how governments raise taxes, borrow, spend, invest, and manage public assets and liabilities. Fiscal transparency includes public reporting on the past, present, and future state of public finances. Fiscal policies have critical impacts on economic, social and environmental outcomes in all countries at all levels of development. Fiscal transparency is sometimes used synonymously with budget transparency. However, fiscal transparency is in principle
Sense-for-sense translation verbo verbum curabit reddere / fidus interpretes": "not to try to render them word for word [like some] faithful translator." Some have read that passage in Horace differently: In John Dryden’s 1680 preface to his translation of Ovid's Epistles, he proposed dividing translation into three parts called: metaphrase, paraphrase and imitation. Metaphrase is word-for-word and line by line translation from one language into another. Paraphrase is sense-for-sense translation where the message of the author is kept but his words are not so strictly followed as his sense, which too can be altered or amplified. Imitation is the use of either