Identifier
Created
Classification
Origin
08BRIDGETOWN158
2008-03-07 19:36:00
UNCLASSIFIED
Embassy Bridgetown
Cable title:
FISCAL TRANSPARENCY IN DOMINICA
how-toVZCZCXRO9011 PP RUEHGR DE RUEHWN #0158 0671936 ZNR UUUUU ZZH P 071936Z MAR 08 FM AMEMBASSY BRIDGETOWN TO RUEHC/SECSTATE WASHDC PRIORITY 6208 INFO RUCNCOM/EC CARICOM COLLECTIVE RUEHCV/AMEMBASSY CARACAS 1883 RUMIAAA/HQ USSOUTHCOM J2 MIAMI FL RUMIAAA/HQ USSOUTHCOM J5 MIAMI FL RUEHCV/USDAO CARACAS VE
UNCLAS BRIDGETOWN 000158
SIPDIS
SIPDIS
DEPT FOR EEB/IFD/OMA-SNOW AND FIGUEROA
DEPT FOR WHA/EPSC-MAIER
E.O. 12958: N/A
TAGS: EAID ECON PREL XL
SUBJECT: FISCAL TRANSPARENCY IN DOMINICA
REF: STATE 16737
UNCLAS BRIDGETOWN 000158
SIPDIS
SIPDIS
DEPT FOR EEB/IFD/OMA-SNOW AND FIGUEROA
DEPT FOR WHA/EPSC-MAIER
E.O. 12958: N/A
TAGS: EAID ECON PREL XL
SUBJECT: FISCAL TRANSPARENCY IN DOMINICA
REF: STATE 16737
1. (u) The Government of Dominica practices fiscal
transparency by making its national budget publicly
available on an annual basis. The government does this by
announcing the budget in an open forum of parliament
annually and doing a budgetary review in parliament at the
end of the fiscal year. Also, the budget is open for
public scrutiny through its budgetary offices, and
available on the government website. The
publicly-available data are generally accurate and
meaningful and include all revenues and expenditures.
Dominica has not volunteered for the IMF to report on the
country's compliance with standards and codes covering
fiscal transparency.
2. (u) The relevant laws governing fiscal transparency in
Dominica have been entered into force in Chapter Five of
the Constitution at independence, in the form of a "Chapter
on Finance of the Constitution with Authorization of
Expenditure from Consolidated Fund by appropriation and
Authorization by Expenditure in advance of appropriation."
The constitution went into effect on November 3rd, 1978.
Dominica updated their laws by promulgating"The Finance and
Administration Act of 1974". These laws are adequate and
are actively implemented.
3. (u) Although USAID is active in the Eastern Caribbean,
it currently does not fund programs supporting fiscal
transparency or good governance. The Caribbean Regional
Technical Assistance Center (CARTAC) is available to 19
Caribbean countries to assist these countries to achieve
their macroeconomic, fiscal, and monetary policy
objectives. This program operates as a UNDP project with
the IMF serving as the executive agency. It is funded by
the Canadian International Development Agency, the
Inter-American Development Bank, Ireland, the IMF, the UK
Department for International Development, the UNDP, the EU,
and the World Bank.
OURISMAN
SIPDIS
SIPDIS
DEPT FOR EEB/IFD/OMA-SNOW AND FIGUEROA
DEPT FOR WHA/EPSC-MAIER
E.O. 12958: N/A
TAGS: EAID ECON PREL XL
SUBJECT: FISCAL TRANSPARENCY IN DOMINICA
REF: STATE 16737
1. (u) The Government of Dominica practices fiscal
transparency by making its national budget publicly
available on an annual basis. The government does this by
announcing the budget in an open forum of parliament
annually and doing a budgetary review in parliament at the
end of the fiscal year. Also, the budget is open for
public scrutiny through its budgetary offices, and
available on the government website. The
publicly-available data are generally accurate and
meaningful and include all revenues and expenditures.
Dominica has not volunteered for the IMF to report on the
country's compliance with standards and codes covering
fiscal transparency.
2. (u) The relevant laws governing fiscal transparency in
Dominica have been entered into force in Chapter Five of
the Constitution at independence, in the form of a "Chapter
on Finance of the Constitution with Authorization of
Expenditure from Consolidated Fund by appropriation and
Authorization by Expenditure in advance of appropriation."
The constitution went into effect on November 3rd, 1978.
Dominica updated their laws by promulgating"The Finance and
Administration Act of 1974". These laws are adequate and
are actively implemented.
3. (u) Although USAID is active in the Eastern Caribbean,
it currently does not fund programs supporting fiscal
transparency or good governance. The Caribbean Regional
Technical Assistance Center (CARTAC) is available to 19
Caribbean countries to assist these countries to achieve
their macroeconomic, fiscal, and monetary policy
objectives. This program operates as a UNDP project with
the IMF serving as the executive agency. It is funded by
the Canadian International Development Agency, the
Inter-American Development Bank, Ireland, the IMF, the UK
Department for International Development, the UNDP, the EU,
and the World Bank.
OURISMAN