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 Saturday, August 17 2019 15:02
Marianna Mkrtchyan

US State Department: Armenia and Georgia are among the countries  satisfy the minimum requirements of fiscal transparency, while  Azerbaijan does not

US State Department: Armenia and Georgia are among the countries  satisfy the minimum requirements of fiscal transparency, while  Azerbaijan does not

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). 

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