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.
|Open Budget Survey 2015||December 2016 Update|
|Pre-Budget Statement||Produced for Internal Use Only||Produced for Internal Use Only|
|Executive's Budget Proposal||Produced for Internal Use Only||Produced for Internal Use Only|
|Enacted Budget||Available to the Public||Published Late|
|Citizens Budget||Not Produced||Not Produced|
|In-Year Reports||Available to the Public||Produced for Internal Use Only|
|Mid-Year Review||Not Produced||Not Produced|
|Year-End Report||Produced for Internal Use Only||Produced for Internal Use Only|
|Audit Report||Not Produced||Not 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.
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.
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.
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.
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.
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).