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Armenia meets fiscal transparency requirements: U.S. State Department

Armenia meets fiscal transparency requirements: U.S. State Department

PanARMENIAN.Net - The U.S. Department of State on Tuesday, September 12 unveiled the findings from the 2017 fiscal transparency review process, stating that Armenia meets the minimum requirements of fiscal transparency for this year.

The Fiscal Transparency Report reviews 141 governments worldwide and assesses whether those governments have made complete and reliable budget information widely and easily accessible to their citizens.

The Department said Turkey and Georgia too are among the countries meeting the minimum requirements.

Azerbaijan, on the contrary, was listed among governments assessed in 2017 as not meeting those requirements, having made no significant progress in this regard.

The Department says fiscal transparency can play a role in establishing healthy dialogue between a government and its citizens. Despite what many think, it is also an achievable goal that 1) can be reached by any country, regardless of its income, 2) can usually be met through a series of small, strategic changes in policy, 3) can be met in part, even when countries do not fully meet the minimum requirements, and 4) requires continued government effort and focus, even after minimum standards have been met.

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