Bismarck, ND – North Dakota’s financial standing continues to strengthen, according to the state’s Annual Comprehensive Financial Report for the fiscal year 2024, released on Thursday by the Office of Management and Budget (OMB). Covering the period from July 1, 2023, to June 30, 2024, the report highlights positive growth in the state’s financial position.
The report reveals that North Dakota’s net position has increased by 11.2% over the past year, signaling robust financial health. Additionally, the state’s general fund balance saw a 12.4% increase, compared to the previous fiscal year. These gains reflect strong fiscal management and underscore the state’s continued economic resilience.
Joe Morrissette, Director of the OMB, emphasized North Dakota’s commitment to fiscal responsibility and transparency. “North Dakota remains a leader in fiscal responsibility, and this report continues to demonstrate our commitment to providing accessible and reliable financial information to all North Dakotans,” said Morrissette.
The state’s financial practices were recognized nationally as well. North Dakota received an “A” grade, the highest score among all states, from the nonpartisan Truth in Accounting organization in its 2024 financial report. This distinction reinforces the state’s dedication to maintaining a strong and transparent fiscal foundation.
In addition to this achievement, the state received the prestigious Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association (GFOA) for its 2023 report. This marks the 33rd consecutive year that North Dakota has earned this honor, a testament to its long-standing commitment to sound financial practices.
The comprehensive financial report offers a detailed look at the state’s finances, ensuring that citizens have access to reliable and thorough information. To view the full 2024 financial report, residents can visit the Office of Management and Budget’s official website.
