2022 Fiscal Transparency Report: Yemen

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2022 Fiscal Transparency Report: Yemen

The following report was published by the U.S. Department of State, Bureau of Economic and Business Affairs on Sept. 9. It is reproduced in full below.

Government-by-Government Assessments: Yemen

During the review period, the government did not produce within a reasonable period any budget documents, including an executive budget proposal, end-of-year report, or enacted budget. The government published limited information on debt obligations. It did not publish state-owned enterprise debt, in part because most state-owned enterprises are in Sana’a, which is outside central government territorial control. Actual revenues and expenditures likely differed from the budget extensions. The supreme audit institution met international standards of independence; however, it did not conduct an audit of the government’s executed budget. The government did not fully specify in law or regulation the criteria and procedures for awarding natural resource extraction contracts and licenses. The government did not issue any natural resource awards during the review period.

Yemen’s fiscal transparency would be improved by:

* Passing a budget and making budget documents available to the public within a reasonable period;

* Publishing substantially complete information on debt obligations, including for state-owned enterprises,

* Ensuring budget documents are substantially complete and reliable;

* Ensuring actual revenues and expenditures reasonably correspond to budget projections;

* Producing and publishing audit reports of the government’s executed budget within a reasonable period; and

* Clarifying laws and regulations for awarding contracts and licenses for natural resource extraction.

Source: U.S. Department of State, Bureau of Economic and Business Affairs

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