as search for 'Transatlantic Bond' kicks off in Brussels
Financial management information is routinely provided by intergovernmental bodies such as the EU and World Bank. But NATO does not yet provide basic information about its income, expenditure or performance evaluations to the general public. One way for the public and parliamentarians to really understand what is happening in NATO is to follow the money. But without a publicly available annual budget or reliable performance metrics, it is often impossible to grasp the significance of what is being proposed or implemented within the Alliance.
Public information about NATO’s budgets and results is sparse because most of the information is classified. Thus, there is no way of knowing whether NATO is delivering value for the taxpayers’ money. Consequently, citizens and parliaments of member countries are unable to monitor whether their contributions to NATO result in an efficient international organization.
Since our inception in 2009 we have been pressing NATO to become more transparent about its decision making and financial information.We are pleased therefore that the Netherlands Court of Audit (NCA)— the official auditing body of the Dutch government— agrees with us and has today launched a new website that aims to stimulate further debate and progress on this important issue.
For further details please see the attached media briefing (pdf).