United States

US Federal Fiscal Transparency Framework

31 U.S.C. § 1101 et seq.; Pub. L. 103-62; Pub. L. 109-282; Pub. L. 113-101

Statute text →

Fiscal Transparency: 96/100 (excellent)
96
out of 100
strong
37 of 37 scored fields populated. Higher = stronger statutory transparency requirements.

Federal framework combines constitutional appropriations, Budget and Accounting Act, CFO Act, Single Audit Act, FFATA/DATA Act, IG Act, and GAO oversight.

Transparency Requirements

Budget Publicationmax 12 pts

Budget publication required ✓ Yes
Budget published online ✓ Yes
Budget publication timeline 120 days before fiscal year
Machine-readable budget format ✓ Yes
Draft budget required before adoption ✓ Yes

Expenditure Disclosuremax 12 pts

Expenditure disclosure required ✓ Yes
Expenditure granularity transaction
Public expenditure portal required ✓ Yes
Expenditure reporting frequency monthly

Independent Auditmax 12 pts

Audit required ✓ Yes
Auditor independent of entity ✓ Yes
Auditor selection method appointed independent
Audit frequency annual
Audit reports public ✓ Yes
Audit scope financial performance

Contract & Procurementmax 10 pts

Public bidding required ✓ Yes
Public bidding threshold 10,000
Contract publication required ✓ Yes
Bid award disclosure ✓ Yes
Beneficial ownership disclosure ✓ Yes

Debt & Liability Disclosuremax 10 pts

Debt disclosure required ✓ Yes
Pension liability disclosure ✓ Yes
Contingent liability disclosure ✓ Yes
Voter approval required for new debt No

Fiscal Reporting Frequencymax 10 pts

Interim reporting required ✓ Yes
Interim reporting frequency monthly
Year-end report deadline 75 days after fiscal year
Citizens budget required ✓ Yes

Enforcement & Oversightmax 10 pts

Non-compliance penalties ✓ Yes
Fiscal oversight body ✓ Yes
Whistleblower protections ✓ Yes
Legislative budget office ✓ Yes

Revenue & Tax Transparencymax 8 pts

Tax expenditure reporting ✓ Yes
Revenue forecasting required ✓ Yes
Tax rate publication ✓ Yes
Fee schedule publication ✓ Yes

Compensation & Payrollmax 8 pts

Salary disclosure required ✓ Yes
Salary disclosure scope all
Pension benefit disclosure ✓ Yes
Overtime reporting ✓ Yes

Capital & Asset Disclosuremax 8 pts

Capital plan required ✓ Yes
Asset inventory required ✓ Yes
Surplus asset disposal transparency ✓ Yes

All Fiscal Transparency Laws