Abstract

Research background: The quality of information provided by fiscal and monetary authorities are important in a democratic state. Ensuring fiscal policy transparency reduces fiscal risk and corruption and promotes public acceptance of fiscal reforms. Ensuring transparency in monetary policy allows market participants to anticipate central bank responses and take their effects into account when making investment and consumption decisions. Aim of the article: The aim of the article is to evaluate the transparency of information provided to the public by the fiscal and monetary authorities in Poland in the light of international standards of fiscal and monetary policy transparency and to propose changes to increase it. Methods: Qualitative analysis, deductive and inductive reasoning were used. The assessment of the level of transparency of publicly available information on fiscal and monetary policy in Poland was based on the analysis of the implementation of good practices formulated by the International Monetary Fund and the open budget index calculated by the International Budget Partnership. Findings and added value: There are no publications in the national literature dealing with the transparency of publicly available information on fiscal and monetary policies in the context of coordination of these policies. Poland lacks transparent message about public finance, with particular emphasis on the state budget, which would allow citizens to control the government's fiscal policy actions. There is a lack of transparent information about the operations of the NBP in relation to the government. There is a lack of clear, reliable and complete information for citizens about the coordination of actions taken by the fiscal and monetary authorities in Poland to achieve specific objectives of the state's financial policy.

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