ArmInfo. According to the US Department of State, Armenia, together with neighboring Georgia, are among the countries that satisfy the minimum requirements of fiscal transparency.
Thus, according to the report on fiscal transparency for 2019 published by the US Department of State, Moldova, Northern Macedonia, Serbia, Turkey, Albania, Estonia, Latvia, Lithuania, Poland, Romania, and Slovenia were also included in the group that meets the minimum fiscal transparency requirements. , Slovakia, Czech Republic, Croatia, Greece, Hungary, Israel, Afghanistan, Kyrgyzstan.
It is noteworthy that the report estimates 140 countries divided into two groups. In one group, countries that satisfy the minimum fiscal requirements are represented, and in the second, those that do not meet these minimum standards. According to estimates by the US Department of State, a total of 67 out of 140 countries do not meet the minimum requirements, among them Azerbaijan, Ukraine, Turkmenistan, Uzbekistan, China, Iraq, Pakistan, Saudi Arabia, and others.
The Department of State assured that fiscal transparency is an important element in the effective management of public finances, which helps to build confidence in private markets and supports economic sustainability. <This strengthens government accountability and is a window for citizens into state budgets, helps citizens control power, and promotes more informed public debate. The annual fiscal transparency assessment of governments receiving US assistance ensures that US taxpayer finance is used appropriately>, the US Department of State said in a report.
The report was prepared with the participation of the United States Agency for International Development (USAID).