Certified Government Financial Manager (CGFM) 2026 – 400 Free Practice Questions to Pass the Exam

The American Recovery and Reinvestment Act of 2009 aimed to stimulate the economy in response to the financial crisis, and one of its key features was transparency and accountability in how funds were utilized. This was addressed through the requirement for online reporting of government fund usage.

The act mandated that recipients of federal funds provide clear and accessible data on how the money was spent, promoting transparency to the public. This online reporting was designed to allow citizens to track the recovery funds, ensuring that the funds were used effectively and efficiently. This focus on transparency was a significant shift in how government projects were monitored in real-time, aligning with broader goals of accountability in government spending.

In contrast, while standardized budgeting processes, a national budgeting framework, and mandatory audits were all noteworthy financial practices, they were not specific key requirements of this particular act. Instead, the emphasis on online reporting was a direct response to the need for oversight during the implementation of such a large financial stimulus initiative.