US report calls for strengthening parliamentary oversight of Pakistan's public finances

WASHINGTON: A report by the United States State Department has said that Pakistan needs to strengthen parliamentary oversight of public finances by improving the timely disclosure of budget proposals, government debt and other fiscal information. The State Department’s 2026 Fiscal Transparency Report, an annual assessment, identified several areas where greater transparency and oversight were needed, including the timely publication of the executive budget proposal and fuller disclosure of government debt obligations, particularly those of major state-owned enterprises. “During the review period, the government made its enacted budget and end-of-year report widely and easily accessible to…