“Suriname has not met minimum requirements of fiscal transparency”

Suriname is one of 50 countries which have not managed to meet the minimal requirements aimed at making annual tax collection as transparent as possible.  According to the FY 2014 Fiscal Transparency Report, Suriname does not fully report on the financial performance of some significant state-owned enterprise and related government transfers. The executive branch often fails to provide Suriname’s supreme audit institution with sufficient information to conduct thorough oversight. The government does not disclose information about how it awards natural resource contracts and licenses, nor does it disclose basic information on awards granted. Suriname’s fiscal transparency would be enhanced by improving the transparency and reporting of natural resource contracts, providing more robust reporting for state-owned enterprises, and strengthening its auditing function…[+]