An advisory panel to the finance minister unveiled on Tuesday new accounting guidelines for government-affiliated corporations as part of an effort to improve transparency in their management.
The Fiscal System Council recommended that 78 of the firms be required to use the new standard -- which is similar to that used in the private sector -- and disclose a new kind of financial statement that clarifies the burden on taxpayers.
Although the government affiliates are required to compile income statements and balance sheets, various exceptions to the accounting rules have made their financial situation unclear.