Transparency (Open Budget Index) 4/100
The Government of Equatorial Guinea provides the public with scant budget information.
Public Participation 2/100
The Government of Equatorial Guinea is weak in providing the public with opportunities to engage in the budget process.
By legislature 24/100
Budget oversight by the legislature in Equatorial Guinea is weak.
By auditor 0/100
Budget oversight by the supreme audit institution in Equatorial Guinea is nonexistent.
Equatorial Guinea should prioritize the following actions to improve budget transparency:
- Publish an Executive’s Budget Proposal.
- Publish a Year-End Report and In-Year Reports.
- Produce and publish the Audit Report, Citizens Budget, Pre-Budget Statement, and Mid-Year Review.
Equatorial Guinea should prioritize the following actions to improve budget participation:
- Establish credible and effective mechanisms (i.e., public hearings, surveys, focus groups) for capturing a range of public perspectives on budget matters.
- Hold legislative hearings on the budgets of specific ministries, departments, and agencies (as well as on audit reports) at which testimony from the public is heard.
- Establish formal mechanisms for the public to assist the supreme audit institution to formulate its audit program and participate in audit investigations.
Equatorial Guinea should prioritize the following actions to strengthen budget oversight:
- Establish a specialized budget research office for the legislature.
- Ensure the executive receives prior approval by the legislature before implementing a supplemental budget.
- Require legislative or judicial approval to remove the head of the supreme audit institution.