Government-by-Government Assessments: Maldives
During the review period, the government made budget documents widely and easily accessible to the public, including online. Budget documents provided a substantially complete picture of the government’s planned expenditures and revenue streams, and budget documents were considered generally reliable. Information on debt obligations, including state-owned enterprise debt, was publicly available. The supreme audit institution met international standards of independence, but its audit reports were delayed. The sovereign wealth fund did not have a sound legal framework or disclose its source of funding and general approach to withdrawals.
Maldives’ fiscal transparency would be improved by:
* Publishing audit reports within a reasonable period; and
* Ensuring the sovereign wealth fund has a sound legal framework and discloses its source of funding and general approach to withdrawals.
Tags
Bureau of Economic and Business Affairs Bureau of South and Central Asian Affairs Division for International Finance and Development Maldives
Source: U.S. Department of State, Bureau of South and Central Asian Affairs
