On July 28, 2016, the State Department released the 2016 Fiscal Transparency Report pursuant to section 7031(b) of the Department of State, Foreign Operations, and Related Programs Appropriations Act, 2016 (Div. K, P.L.114-113) (“the Act”). The report found that 76 of 140 governments reviewed by the Department met minimum requirements of fiscal transparency. Eight governments found not to meet minimum requirements made significant progress toward meeting minimum requirements. The Department continued to update and strengthen the minimum requirements, as required by law.
The Department evaluated the public availability, substantial completeness, and reliability of budget documents, as well as the transparency of processes for awarding government contracts and licenses for natural resource extraction. Continue…
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