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