2. Issue an annual financial report to the taxpayers. The Department of the Treasury should develop a simplified version of the consolidated financial statements for distribution to the public by the President by June 1995. In order to provide an accounting to the public, an annual statement of the government's revenues, expenditures, investments, contingent liabilities, and financial condition should be provided to the public in terms that are easy to understand. This would provide some much-needed accountability from the government to its citizens. The report could be called the Annual Accountability Report to the Citizens, and its publication should be codified in a Presidential Executive Order in order to ensure its ongoing publication.[Endnote 4] This information could be provided in printed and electronic form to provide wide accessibility to thepublic.
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