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Government-by-Government Assessments: Ecuador

During the review period, the government published its executive budget proposal, enacted budget, and end-of-year report online within a reasonable period.  The government excluded complete information on financial allocations to and earnings from state-owned enterprises.  Budget documents were substantially complete and generally reliable.  Information on debt obligations, including major state-owned enterprise debt, was publicly available, including online.  The supreme audit institution met international standards of independence, audited the government’s annual financial statements, and made its reports publicly available within a reasonable period.  The government did not formally award any natural resource extraction licenses or contracts during the reporting period but specified in law or regulation procedures for awarding natural resource extraction contracts and licenses.  Basic information on pre-existing natural resource extraction license and awards was not publicly available.

Ecuador’s fiscal transparency would be improved by:

  • Including financial allocations to and earnings from state-owned enterprises in public budget documents; and
  • Publishing basic information on natural resource extraction licenses and awards.

U.S. Department of State

The Lessons of 1989: Freedom and Our Future