Identifying payment flows from Extractive companies to the Government

Identifying payment flows from Extractive companies to the Government

The main basis for determining the financial flows from the extractive industry to the Government is the annual budget 2017, as reported by the Government of Suriname (website: http://finance.gov.sr/).

The budget is analyzed on type and significance of payment/revenue transactions by the MSG and subsequently used as the basis for determining a materiality threshold for the transactions to be included for collection and reconciliation. In the reconciliation process new or deviating transactions are discussed with the MSG and could be, subject to materiality, further investigated for reasons of disclosure in the EITI report (reference is made to appendix 2 of this report).

2020-02-12T00:39:39-03:00Thursday 23 January 2020|EITI Suriname Report 2017|