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Venezuela

Open Budget Survey Document Availability Tracker

December 2016 Update

To recognize improvements and identify slippages in budget transparency between rounds of the biennial Open Budget Survey, we periodically assess the public availability of the eight key budget documents – an essential component of transparency. This update presents the results of the most recent of these interim assessments.

Venezuela

Open Budget Survey 2015December 2016 Update
Pre-Budget StatementProduced for Internal Use OnlyProduced for Internal Use Only
Executive's Budget ProposalProduced for Internal Use OnlyProduced for Internal Use Only
Enacted BudgetAvailable to the PublicPublished Late
Citizens BudgetNot ProducedNot Produced
In-Year ReportsAvailable to the PublicProduced for Internal Use Only
Mid-Year ReviewNot ProducedNot Produced
Year-End ReportProduced for Internal Use OnlyProduced for Internal Use Only
Audit ReportNot ProducedNot Produced

As of 31 December 2016, the government of Venezuela makes none of the eight key budget documents publicly available online in a timeframe consistent with international standards. This reflects a net decrease over the findings of the Open Budget Survey 2015, which assessed the availability of documents up to 30 June 2014. Since that assessment, Venezuela has failed to publish the Enacted Budget in a timely manner and produced In-Year Reports for internal use only.

To improve budget transparency, Venezuela should publish an Executive’s Budget Proposal and a Year-End Report, and publish an Enacted Budget in a timely manner. For more information on the content that the eight key budget documents should contain, and the publication timeframe for each document, please see IBP’s Guide to Transparency in Government Budget Reports and the Open Budget Survey Guidelines on Public Availability of Budget Documents.


2015

Downloads:
Country Summary - English Country Summary - Spanish Questionnaire

Transparency (Open Budget Index) 8/100 

The Government of Venezuela provides the public with scant budget information.

Public Participation 23/100 

The Government of Venezuela is weak in providing the public with opportunities to engage in the budget process.

Budget Oversight 

By legislature 39/100

Budget oversight by the legislature in Venezuela is weak.

By auditor 67/100

Budget oversight by the supreme audit institution in Venezuela is adequate.

Recommendations 

Improving Transparency

Venezuela should prioritize the following actions to improve budget transparency:

  • Publish an Executive’s Budget Proposal.
  • Publish a Pre-Budget Statement and Year-End Report.
  • Produce and publish an Audit Report, a Citizens Budget, and a Mid-Year Review.
Improving Participation

Venezuela should prioritize the following actions to improve budget participation:

  • Establish credible and effective mechanisms (i.e., public hearings, surveys, focus groups) for capturing a range of public perspectives on budget matters.
  • Hold legislative hearings on the budgets of specific ministries, departments, and agencies as well as on audit reports at which testimony from the public is heard.
  • Provide detailed feedback on how public assistance and participation has been used by the supreme audit institution.
Improving Oversight

Venezuela should prioritize the following actions to strengthen budget oversight:

  • Establish regular consultations on budget matters between the executive and the legislature.
  • In both law and practice, ensure the legislature is consulted prior to the virement of funds in the Enacted Budget, the spending of any unanticipated revenue, and the spending of contingency funds that were not identified in the Enacted Budget.
  • Ensure the supreme audit institution has adequate funding to perform its duties, as determined by an independent body (e.g., the legislature or judiciary).

 







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