The International Monetary Fund has released a Report on the Observance of Standards and Codes (ROSC) evaluating Türkiye's fiscal transparency, finding steady improvement since a 2002 review but noting that full compliance with international standards has not yet been achieved.
The IMF credited Türkiye with significant advances following the 2000-01 economic crisis, including a broad restructuring of its legal framework. A key milestone was the passage of the Public Financial Management and Control Law in December 2003, which was intended to anchor further reforms. Full implementation of that law is targeted for 2006.
The report identified earlier weaknesses that Türkiye has worked to address: insufficient budget coverage, scattered budget responsibilities across multiple agencies, and the lack of a medium-term planning framework for annual budgets.
Despite the gains, the IMF warned that the existing legislation does not fully resolve the fragmentation of fiscal responsibilities or other critical management issues. Meeting the reform timetable will require strong commitment at all levels of government and thorough preparation of those taking on new roles under the revised framework.
Historical summary. TurkishPress restated this wire report, first published in March 2006, in its own words.