The Philippines is among the 76 countries that had complied with the minimum requirements on fiscal transparency for 2020, an annual review conducted by the US Department of State on governments that receive assistance from the United States.
This was contained in the US State Department’s 2020 Fiscal Transparency Report, the results of which were based on its assessment of governments during the review period of January 1 – December 31, 2019. The State Department considered information from its embassies and consulates, other US government agencies, international organizations, and civil society organizations.
“Minimum requirements of fiscal transparency” is defined in the report as the public disclosure of national budget documentation and government contracts and licenses for natural resource extraction . “Fiscal transparency fosters greater government accountability by providing a window into government budgets for citizens, helping citizens hold their leadership accountable, and facilitating better-informed public debate,” it noted in the report.
Similarly, a finding that a government “does not meet the minimum requirements of fiscal transparency” does not necessarily mean there is significant corruption in the government.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Putin says Russia dealing better with virus than U.S.Putin also criticizes anti-racism protests in the United States for sparking crowd violence, in his first comments on the issue.
Read more »
Record spikes in new coronavirus cases, hospitalizations sweep parts of US
Read more »
US records 382 virus deaths in 24 hours, lowest in weeks: monitor
Read more »
Trump says he won't watch NFL, U.S. soccer if players kneel during anthem
Read more »
US coronavirus survivor get P20.1-million medical bill
Read more »
US to share C0VID-19 vaccine or cure with alliesThe United States has assured its allies it would share the possible cure or vaccine for the new coronavirus disease (COVID-19) once available.
Read more »