HomeReportsBureau of Economic and Business Affairs2023 Fiscal Transparency Report…Gabon hide 2023 Fiscal Transparency Report: Gabon Bureau of Economic and Business Affairs In this section Government-by-Government Assessments: Gabon Government-by-Government Assessments: Gabon During the review period, the government made significant progress by publishing its enacted budget online within a reasonable period. It did not make its executive budget proposal or its end-of-year report publicly available within a reasonable period. Only limited information on debt obligations, excluding major state-owned enterprise debt, was publicly available and it was not updated within a reasonable period. Publicly available budget documents provided a substantially complete picture of the government’s planned expenditures and revenue, however quarterly budget reports were limited and unreliable, so it was unclear whether actual revenues and expenditures reasonably corresponded to those in the enacted budget. The supreme audit institution did not meet international standards of independence. It reviewed the government’s accounts but did not make its reports publicly available within a reasonable period. While the government specified in law the criteria and procedures for awarding natural resource extraction contracts and licenses, it did not always follow those regulations in practice or make basic information on natural resource extraction publicly available. While the sovereign wealth fund had a sound legal framework, it did not disclose its source of funding or general approach to withdrawals. Gabon’s fiscal transparency would be improved by: Making substantially complete and reliable budget documents publicly available within a reasonable period, including the executive budget proposal and end-of-year report; Publishing information on debt obligations, including major state-owned enterprise debt, within a reasonable period; Reviewing its budget throughout the fiscal year and ensuring actual revenues and expenditures reasonably correspond to those in the enacted budget; Ensuring the supreme audit institution meets international standards of independence; Making audit reports publicly available within a reasonable period; Making basic information for natural resource extraction awards publicly available; Following natural resource extraction laws and regulations in practice; and Disclosing its sovereign wealth fund’s source of funding and general approach to withdrawals. View report by: Afghanistan Algeria Angola Azerbaijan Bahrain Bangladesh Benin Burma Burundi Cambodia Cameroon Central African Republic Chad China, People’s Republic of Comoros Congo, Democratic Republic of Congo, Republic of the Djibouti Egypt Equatorial Guinea Eswatini Ethiopia Gabon The Gambia Guinea Guinea-Bissau Iraq Laos Lebanon Lesotho Liberia Libya Madagascar Malawi Mali Maldives Mauritania Mongolia Mozambique Niger Oman Pakistan Palestinian Authority Papua New Guinea Rwanda Sao Tome and Principe Saudi Arabia Senegal Sierra Leone Somalia South Africa South Sudan Sudan Tajikistan Tanzania Turkmenistan Ukraine Uzbekistan Vietnam Yemen Zambia Zimbabwe On This Page search > < Government-by-Government Assessments: Gabon Tags Bureau of African Affairs Bureau of Economic and Business Affairs Division for International Finance and Development Gabon Back to Top