Accessibility of Financial Information (CV0009)
Overview
At-a-Glance
Action Plan: Cabo Verde Action Plan 2023-2025
Action Plan Cycle: 2023
Status:
Institutions
Lead Institution: Ministry of Finance and Business Development (MFFE)
Support Institution(s): Court of Auditors; Ministry of Modernization of the State and Public Administration (MMEAP); National Association of Municipalities of Cabo Verde (ANMCV); Sotavento Chamber of Commerce (CCS); Regulatory Authority for Public Procurement (ARAP)
Policy Areas
Fiscal Openness, Publication of Budget/Fiscal InformationIRM Review
IRM Report: Cabo Verde Action Plan Review 2023-2025
Early Results: Pending IRM Review
Design i
Verifiable: Yes
Relevant to OGP Values: Yes
Ambition (see definition): Low
Implementation i
Completion: Pending IRM Review
Description
What is the issue addressed by the commitment? Civil society with no access to key financial information; Civil Society‘s lack of interest in Public Finance; Lag between Budget Planning and Execution.
What is the commitment? Disclosure of budgetary and fiscal information in language accessible to civil society.
How will the commitment help solve the issue identified? ● Increased level of access to budget and fiscal information; ● Any citizen will be able to access financial information free of charge and in a friendly-user format; ● Any citizen will be able to understand the State's budget principles and rules; ● Increased transparency in Public Finance.
Why is the commitment relevant to OGP values? The measure is relevant to transparency, as it increases fiscal transparency, thus allowing citizens to more easily participate in budget preparation processes (which should result in more efficient rendering of public services). Furthermore, the measure i s relevant to public accountability, because by increasing transparency in budget and the entire underlying process, it will be possible to assess accountability of those who execute the budget and coordinate and manage public policy implementation.
Description of expected outcomes ● Improved disclosure of budget and fiscal data; ● More transparency in budget execution and management of public services;
Macro activities (Starting date - Completion date)
Establishment of mechanisms to provide free of charge, appropriate and routing budget and fiscal information to citizens (January, 2023 - January, 2025)
Establishment of a communication network for the dissemination of budget and fiscal information (January, 2023 - January, 2025)