President Barack Obama released his federal budget this week to much publicity, analysis and politicking. But before the federal budget was the release of the State Department’s annual Fiscal Transparency Report, a document that analyzes budget transparency of governments that receive U.S. assistance – and reveals that certain countries still receive aid from the U.S. even though they don’t meet fiscal transparency requirements.
A provision in the Appropriations Bill requires the State Department to produce the report examining all 140 countries that were potential recipients of bilateral allocations in fiscal 2014. The report, quietly released Jan. 14, rated them based upon transparency of budget information and natural resource extraction contracting and licensing. Continue reading “State Department quietly releases fiscal transparency report”