Morocco Abides By Fiscal Transparency Standards, US State Dept.

Morocco adheres to fiscal transparency standards as it met the minimum requirements of transparency for 2023, according to a report released on Tuesday by the US Department of State.
The governments of 72 out of 141 countries evaluated by the US body also met such transparency requirements.
The report underscored that 69 countries failed to achieve the minimum benchmarks for budgetary openness, 25 of which made, however, significant progress such as Senegal, Saudi Arabia and Mauritania. Meanwhile, other countries as Algeria, Afghanistan and Ethiopia showed no progress.
Fiscal transparency is essential to effective governmental financial management, marketf confidence, and long-term economic viability. Annual audits verify that tax funds are being spent wisely.
The report examines eligible governments and ranks those that did not satisfy minimal standards. It advocates for a solid legislative framework, independent audit agencies, and public web access to government debt obligations.