Initiate Fiscal Transparency in the Extractive Industry (PH0027)
Overview
At-a-Glance
Action Plan: Philippines Action Plan 2014
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 InformationIRM Review
IRM Report: Philippines End of Term Report 2013-2015, Philippines Progress Report 2013-2015
Early Results:
Outstanding
Design i
Verifiable: Yes
Relevant to OGP Values: Yes
Ambition (see definition): High
Implementation i
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.