Haiti - Economy : For the State Department, Haiti made no significant progress - HaitiLibre.com : Haiti news 7/7
Download the School calendar 2023-2024 (Official)





iciHaiti - Futsal qualifiers for the 2024 World Cup : Grenadiers pre-list

iciHaiti - Insecurity : Blocked outside the country for 1 month, two Ministers return to Haiti

iciHaiti - Special D1 Championship : Presentation of the 5th day

iciHaiti - Port-de-Paix : Reconstruction of the Roundabout at the corner of Street D. Estimé…

iciHaiti - Economy : Message from the Embassy of Haiti in France


more news


Haiti - News : Zapping...

Haiti - PNH : Message from Frantz Elbé to the population and the police (Video)

Haiti - Politic : After 17 days, the Presidential Council publishes its first press release...

Haiti - FLASH : The USA will provide weapons and ammunition to the PNH

Haiti - News : Zapping...


more news


Haiti - Economy : For the State Department, Haiti made no significant progress
29/07/2016 09:27:43

Haiti - Economy : For the State Department, Haiti made no significant progress
The U.S. State Department released the 2016 Fiscal Transparency Report (January 1 to December 31, 2015). The report found that 76 of 140 governments reviewed by the Department met minimum requirements of fiscal transparency. Eight governments found not to meet minimum requirements made significant progress toward meeting minimum requirements.

The Department evaluated the public availability, substantial completeness, and reliability of budget documents, as well as the transparency of processes for awarding government contracts and licenses for natural resource extraction.

Fiscal transparency is a critical element of effective public financial management, helps in building market confidence, and underpins economic sustainability. It fosters greater government accountability by providing a window into government budgets for citizens, helping citizens to hold their leadership accountable and facilitating better-informed public debates. Annual fiscal transparency reviews provide opportunities to dialogue with governments on the importance of fiscal transparency.

For the US State Department Haiti made "no significant progress" :

"During the review period, Haiti published its enacted budget, but not its executive budget proposal. The government did not publish end-of-year reports. Budget documents were neither substantially complete nor reliable. Natural resource revenues were not identified by source or type. Allocations to and earnings from state-owned enterprises were not clearly included in the budget. Significant state-owned enterprises did not have audited accounts that were either provided to an oversight body or made publicly available. The supreme audit institution did not make audit reports publicly available. The criteria and process for allocating licenses and contracts for natural resource extraction were outlined in law but have apparently been inconsistently applied. Basic information on natural resource extraction contracts and licenses was rarely publicly available.

Haiti’s fiscal transparency would be improved by making its executive budget proposal and end-of-year reports widely and easily accessible to the general public within a reasonable period of time; clearly identifying natural resource revenues and allocations to and earnings from state-owned enterprises in the budget; making audited financial statements publicly available for significant state-owned enterprises; making supreme audit institution audit reports publicly available; consistently adhering to the legal criteria and procedures for natural resource contracting and licensing in practice; and making basic information on natural resource contracts and licenses publicly available."


HL/ HaitiLibre

Twitter Facebook Rss
Send news to... Daily news...




Why HaitiLibre ? | Contact us | Français
Copyright © 2010 - 2024
Haitilibre.com