US Department of State 2026 Fiscal Transparency Report names Georgia among compliant nations

The United States Department of State on Friday released its 2026 Fiscal Transparency Report, placing Georgia among the countries that met the minimum requirements for fiscal transparency, while 67 governments failed to meet the standards and Ukraine made no progress.

During the reporting period, 14 governments made significant progress toward meeting the minimum requirements.

“In this year’s report, Department officials determined that, of the 139 governments and one entity assessed, 73 met the minimum requirements for fiscal transparency, while 67 did not. During the reporting period, 14 of them made significant progress toward meeting the minimum requirements for fiscal transparency”, the report said.

The assessment examined the public availability, completeness and reliability of budget documents, as well as the transparency of government contracting, licensing processes and procurement contracts.

“The Department assessed the public availability, completeness, and reliability of budget documents, as well as the transparency of government contracting and licensing processes and government procurement contracts. Fiscal transparency is a critical element of effective public financial management. It helps strengthen market confidence, lays the foundation for global economic stability and greater government accountability by enabling the public to see government budgets and expenditures”, the report noted.

The report also aims to improve the business environment for U.S. companies abroad by reducing risks of corruption and unfair practices.

“The Fiscal Transparency Report contributes to creating a specific business environment for US companies abroad by improving public financial management and reducing the risks of corruption and unfair practices in international markets”, the report concluded.