Organization: Revenue Watch Institute
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EITI revenue data show how dependent many countries are on these nonrenewable resources. EITI figures, when combined with independent price and production data, also provide rough estimates of how much each government earns relative to the private companies that extract the resources. Data on individual revenue streams highlight the great variety in fiscal regimes—some governments collect large sums in taxes or royalties, but many oil producers capture larger earnings from crude oil sales. EITI revenue data can also be compared with other sources of financial data to determine how much of the revenues make it to the national budget following their initial receipt. The reports vary greatly in the quality of their data. Until EITI reports are produced regularly, contain comprehensive and reliable data and have a basic level of comparability, their value as a source of information will remain compromised. If report quality improves, the data will provide a powerful tool for making natural resource revenue management more transparent and accountable.
This presentation, delivered during the fifth global conference of the Extractive Industries Transparency Initiative in 2011, explains key findings from our data analysis and offers recommendations for improving EITI reporting.