Update on the Standard Template to Collect Data on Government Revenues from Natural Resources

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Update on the Standard Template to Collect Data on Government Revenues from Natural Resources

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Bibliographic details

• Published: April 6, 2017

Overview

• Publication date: April 6, 2017
• The paper updates the status of the standard template to collect data on government revenues from natural resources, originally presented to the Executive Board in January 2014.
• The standard template serves as a companion to the Guide to Analyze Natural Resources in the National Accounts.
• Availability: Download PDF (as indicated on the landing page).

Field-testing, finalization, and adoption

• Field-testing conducted in six countries confirmed the feasibility of applying the template more broadly.
• Final version of the template was developed based on outcomes of consultation with the international community and the field-testing visits.
• The Extractive Industries Transparency Initiative (EITI) International Secretariat adopted the template as a mandatory reporting requirement for its member countries.

Purpose and methodological basis

• Purpose: To support fiscal policy formulation and analysis in resource-rich economies.
• Scope note: Resource-rich economies constitute about one third of the Fund’s membership.
• Methodological basis: The standard template is based on the revenue classification of the Government Finance Statistics Manual 2014, facilitating the collection of resource revenue data in:
  • methodologically sound format,
  • analytically relevant format,
  • cross-country comparable format.

Key findings and implications

• Field-testing in six countries demonstrated practical feasibility for broader application.
• Consultations with the international community informed the final template design.
• Adoption by the EITI International Secretariat institutionalizes the template as a mandatory reporting requirement, increasing its potential uptake and standardization across member countries.
• Alignment with Government Finance Statistics Manual 2014 promotes consistency with established revenue classification standards, aiding comparability and analytical use in fiscal policy.

Update on the Standard Template to Collect Data on Government Revenues from Natural Resources (April 6, 2017).

Content in this bundle

• Update on the standard template to collect data on government revenues from natural resources
  • Update on the standard template to collect data on government revenues from natural resources (Markdown version)
  • Update on the standard template to collect data on government revenues from natural resources (PDF)