State Department on Fiscal Transparency in Albania in 2019

State Department on Fiscal Transparency in Albania in 2019

TIRANA, August 20

The United States Department of State has published on Thursday, 15 August 2019, the annual report titled ‘2019 Fiscal transparency report’, which assessed the fiscal transparencies of 141 governments, and indicates whether those governments made significant progress toward meeting the requirements during the review period of January 1 to December 31, 2018.

According to this report, Albania is listed in the group of states that meets the minimum requirements of fiscal transparency, along with Montenegro, North Macedonia, Bosnia-Herzegovina, and Serbia, among others. The department of State reached the conclusion that out of 141 countries assessed, 67 of them did not meet the minimum requirements of fiscal transparency. However, from these 67 governments, 13 of them have made significant progress toward meeting those requirements, such as Egypt, Ecuador, Angola, etc.

Also, the report describes how the Fiscal Transparency Innovation Fund was used in 15 chosen countries, with a total value of $4.5 million. This fund was created from the Department of State since 2012, to support projects to enhance the governments’ capacity and transparent budgets, citizens’ visibility into state expenditure and revenue programs, as well as the citizens’ ability to advocate for specific issues related to government budgets. In 2018, this fund supported the projects, in countries such as: Algeria, Armenia, Guinea, etc.

Source and Photo Credit/state.gov

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