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The United States Department of State released the 2024 Fiscal Transparency Report. Annual reviews of the fiscal transparency of governments that are eligible to receive U.S. assistance help ensure the appropriate use of U.S. taxpayer funds.
The United States Department of State released the 2024 Fiscal Transparency Report. Annual reviews of the fiscal transparency of governments that are eligible to receive U.S. assistance help ensure the appropriate use of U.S. taxpayer funds.
The US State Department concluded that, of the 139 countries (and the Palestinian Authority) evaluated, 72 governments met minimum requirements of fiscal transparency and 68 did not meet the minimum requirements of fiscal transparency. Of these 68, however, 23 made significant progress toward meeting the minimum requirements of fiscal transparency.
The “Specific Assessments” section explains which governments and authorities did not meet the Department of State’s minimum requirements of fiscal transparency during the review period and includes specific recommendations of short- and long-term steps they can take to improve fiscal transparency.
During the review period, the government made significant progress by eliminating off-budget accounts and subjecting them to adequate audit and oversight, and by providing a sound legal framework for the country’s new sovereign wealth fund. It published its executive budget proposal, enacted budget, and end-of-year report online within a reasonable period. Publicly available budget documents provided a complete picture of the government’s planned expenditures and revenues, but they did not include all allocations to and earnings from state-owned enterprises.
The other African countries assessed as not meeting the minimum requirements of fiscal transparency for 2024 are: Algeria, Angola, Benin, Burundi, Cameroon, Central African Republic, Chad, Comoros, Congo, the Democratic Republic of the Congo, Republic of the Djibouti, Egypt, El Salvador, Eswatini, Ethiopia, Gabon, Gambia, The Guinea, Guinea-Bissau, Lesotho, Liberia, Libya, Madagascar, Malawi, Maldives, Mali, Mauritania, Mozambique, Niger, Papua New Guinea, Rwanda, Sao Tome and Principe, Senegal, Sierra Leone, Somalia, South Sudan, Sudan, Suriname, Tanzania, Zambia, and Zimbabwe,
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The Department assessed the following governments as meeting the minimum requirements of fiscal transparency for 2024: Botswana, Burkina Faso, Cabo Verde, Côte d’Ivoire, Ghana, Kenya, Mauritius, Morocco, Namibia, Nigeria, South Africa, Togo, Tonga, Tunisia, and Uganda.
