Initiate Fiscal Transparency in the Extractive Industry (PH0027)

Overview

At-a-Glance

Action Plan: Not Attached

Action Plan Cycle: 2013

Status:

Institutions

Lead Institution: Department of Finance

Support Institution(s): NA

Policy Areas

Extractive Industries, Fiscal Openness, Publication of Budget/Fiscal Information

IRM Review

IRM Report: Pending IRM Review

Early Results: Outstanding

Design i

Verifiable: Yes

Relevant to OGP Values: Yes

Ambition (see definition): High

Implementation i

Completion:

Description

Policies that will institutionalize fiscal transparency in the extractive industries will be enacted by 2014. The government also commits to publish a report disclosing the revenues of extractive industries and government revenues from these industries by May 2015.