U.S. DEPARTMENT OF STATE 2017 FISCAL TRANSPARENCY REPORT PURSUANT TO SECTION 7031(b) OF THE DEPARTMENT OF STATE, FOREIGN OPERATIONS, AND RELATED PROGRAMS APPROPRIATIONS ACT, 2017 (DIV. J, P.L. 115-31)
2017 Fiscal Transparency Report
AGENCY: Department of State
Djibouti: Djibouti made significant progress during the review period by finalizing and publishing a mining code that describes the procedures and criteria by which the government assesses and awards natural resource extraction contracts or licenses. During the review period, the government published a summary enacted budget and end-of-year report, including online, but did not publish an executive budget proposal. Limited information on debt obligations was publicly available. Public budget documents did not provide a substantially complete picture of the government’s planned expenditures and revenue streams. While earnings and expenditures from state-owned enterprises were included in public budget documents, the figures were outdated. Significant, large state-owned enterprises did not have publicly available audited accounts. Some ministries maintained off-budget accounts not subject to audit. Budget documents were not prepared according to internationally accepted principles, and budget information was not considered reliable. Djibouti’s supreme audit institution did not publish its reports within a reasonable period of time. The criteria and procedures by which the national government awards contracts or licenses for natural resource extraction were specified in new laws and regulations. The government has not yet awarded any natural resource contracts since the new laws and regulations were implemented. Basic information on natural resource extraction awards was publicly available. Djibouti’s fiscal transparency would be improved by: publishing its executive budget proposal within a reasonable period of time; publishing a full enacted budget; ensuring budget documents are substantially complete, including with information on state-owned enterprises and off-budget accounts; producing more credible and reliable budget data; and ensuring the supreme audit institution audits the government’s financial statements and publishes its reports within a reasonable period of time.
Read the full version of the report at : https://www.state.gov/e/eb/ifd/oma/fiscaltransparency/273700.htm