[wanabidii] Press Releases: State Department Releases Annual Fiscal Transparency Report

You are subscribed to Press Releases for U.S. Department of State. This information has recently been updated, and is now available. Press Releases: State Department Releases Annual Fiscal Transparency Report 06/12/2015 01:57 PM EDT State Department Releases Annual Fiscal Transparency Report Media Note Office of the Spokesperson Washington, DC June 12, 2015 Today, the State Department released the FY 2015 Fiscal Transparency Report pursuant to section 7031(b)(3) of the Department of State, Foreign Operations, and Related Programs Appropriations Act, 2015 (Div. J, P.L.113-235).  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.  The report can be found on the Department’s website at http://www.state.gov/e/eb/ifd/oma/. Fiscal transparency is a critical element of effective public financial management, helps in building market confidence, and underpins economic sustainability.  It fosters greater government accountability by providing a window into government budgets for citizens, helping citizens to hold their leadership accountable, and facilitating better-informed public debates.  Annual fiscal transparency reviews provide opportunities to dialogue with governments on the importance of fiscal transparency. The report describes the minimum requirements of fiscal transparency developed, updated, and strengthened by the Department, reviews those governments that were identified as anticipated recipients of foreign assistance funds in the FY 2014 Fiscal Transparency Report, assesses those that did not meet the minimum fiscal transparency requirements, and indicates whether governments that did not meet those requirements made significant progress towards meeting the requirements during the review period of January 17–December 31, 2014.  Because the requirements were strengthened, more governments fell short of meeting the minimum requirements than during the previous assessment, despite in many cases maintaining or even improving their fiscal transparency.          The Office of Website Management, Bureau of Public Affairs, manages this site as a portal for information from the U.S. State Department. External links to other Internet sites should not be construed as an endorsement of the views or privacy policies contained therein. Stay connected with the State Department:       External links found in this content or on Department of State websites that go to other non-Department websites should not be construed as an endorsement of the views or privacy policies contained therein.  Update your subscriptions, modify your password or email address, or stop subscriptions at any time on your Subscriber Preferences Page. You will need to use your email address to log in. If you have questions or problems with the subscription service, please visit subscriberhelp.govdelivery.com. This service is provided to you at no charge by U.S. Department of State. This email was sent to wanabidii@googlegroups.com using GovDelivery, on behalf of: U.S. Department of State · 2201 C Street NW · Washington, DC 20520

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