2019 Fiscal Transparency Report

The U.S. Department of State presented their 2019 Fiscal Transparency Report. This report describes the minimum requirements of fiscal transparency developed, updated, and strengthened by the Department in consultation with other relevant federal agencies. For the purpose of this report, the minimum requirements of fiscal transparency include having key budget documents that are publicly available, substantially complete, and generally reliable.

Fiscal transparency fosters greater government accountability by providing a window into government budgets for citizens, helping citizens hold their leadership accountable and facilitating better-informed public debate.

The report includes a description of how governments fell short of the minimum requirements.  It outlines any significant progress being made to disclose publicly national budget documentation, contracts and licenses.  It also provides specific recommendations of short- and long-term steps governments should take to improve fiscal transparency.  Finally, the report outlines the process the Department followed in completing the assessments and describes how U.S. foreign assistance resources have been used to support fiscal transparency.

The Department concluded that, of the 140 governments evaluated pursuant to the Act plus Equatorial Guinea, 67 did not meet the minimum requirements of fiscal transparency.  Of these 67, however, 13 governments made significant progress toward meeting the minimum requirements of fiscal transparency. Among those who meet the minimum requirements are all South East European countries!

To read more about the Report, follow this link>>>