US State Department 2016 Fiscal Transparency Report appreciates the activities of the Chamber of Accounts
Add date: 2016-08-02

US State Department 2016 Fiscal Transparency Report mentions the significant progress made by Azerbaijan and appreciates publicizing opinion reports prepared by the Chamber of Accounts of the Republic of Azerbaijan during the review period.

 

US State Department 2016 Fiscal Transparency Report has been released.

 

The report covers information on the public budget and significant progress towards ensuring fiscal transparency as a necessary element of the financial management.

 

The document highlights the important role of the fiscal transparency in fostering greater government accountability and economic sustainability, as well as strengthening government responsibility and public debates and notes the significant progress made by Azerbaijan in this field which is highly appreciated by the US Government.

 

Publishing more detailed information on planned expenditures, including allocations to state-owned enterprises in opinion reports prepared by the Chamber of Accounts is also mentioned.

 

The report also highlights that all significant state-owned enterprises, as well as a portion of the government’s annual executed budget had been audited by the Chamber of Accounts and the reports were publicly available online within a period as specified in the legislation and information in budget documents was generally reliable.