Fiscal Transparency

Fiscal Transparency

US indicts FG, says Nigeria lacks fiscal transparency


US indicts FG, says Nigeria lacks fiscal transparency

This was the submission of the U.S. Department of State 2019 Fiscal Transparency Report spanning January 1 – December 31, 2018.

The report also provides a description of the use of the Fiscal Transparency Innovation Fund.

Released on Thursday, the report notes that the minimum requirements of fiscal transparency include having key budget documents that are publicly available, substantially complete, and generally reliable.

It adds that 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.

Nigeria is one of the countries that did not meet the minimum requirements for fiscal transparency.

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18 August 2019, Sunday News

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