Financial Risk:
Critical
Score:
10/100
Asset Disposals
Q24
8/100
How effective are controls over the disposal of assets, and is information on these disposals, and the proceeds of their sale, transparent?
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The process for the disposal of public assets is regulated by the 2014 Organic Law of Public Goods (LOBP). This law regulates the operation…
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A review of the applicable legislation indicates that there is no transparency whatsoever on planned or unplanned asset disposal, as there is no legal…
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Financial information on disposals of public assets is not available to the public. Only SUDEBIP management reports are made public, which set out total…
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Q25
8/100
Is independent and transparent scrutiny of asset disposals conducted by defence establishments, and are the reports of such scrutiny publicly available?
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The legal process for disposals includes an internal audit carried out by the Superintendence of Public Goods (SUDEBIP) directorate for supervision and oversight of…
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Institutions with the power to oversee and monitor disposal processes are lack independence from the executive or military forces. Although a decentralised entity, the…
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Audits on public assets, including asset disposal, must be conducted by law by the SUDEBIP. However, reports are not made public. Likewise, audits carried…
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Secret Budgets
Q26
0/100
What percentage of defence and security expenditure in the budget year is dedicated to spending on secret items relating to national security and the intelligence services?
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The latest budget act was published in 2016 [1]; there has been no official information on the distribution of resources since 2016. Although a…
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Q27
0/100
Is the legislature (or the appropriate legislative committee or members of the legislature) given full information for the budget year on the spending of all secret items relating to national security and military intelligence?
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Taking into account the executive’s lack of awareness of the legislative function of the NA, as of 2017 the NA had not received information…
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Q28
0/100
Are audit reports of the annual accounts of the security sector (the military and intelligence services) subject to parliamentary debate?
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The last instance of accountability to the National Assembly (AN) was in 2016 [1], with the submission of 2015’s budget implementation. As of 2017,…
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This indicator is marked ‘Not Applicable’. Given that the defence sector, and the public sector more broadly, does not provide any reports or information…
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Q29
17/100
In law, are off-budget military expenditures permitted, and if so, are they exceptional occurrences that are well-controlled? In practice, are there any off-budget military expenditures? If so, does evidence suggest this involves illicit economic activity?
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In accordance with the Organic Law on Financial Regulation (LORP), the budget act will incorporate a budget appropriation amendment, and additional appropriations may be…
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The LORP indicates that the use of both the budget amendment and additional appropriations should clearly indicate to which sector and project resources were…
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While the budget has increased exponentially over the years, experts agree that this is insufficient to anticipate the hyperinflation that has affected the country…
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There is no specific regulation regarding access to defence sector information, and there are no public access information systems containing information relating to this…
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This indicator is not assigned a score in the GDI. Public administration information available in different data systems is mainly regulated by the Infogovernance…
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There are no public systems for the publication of information on the defence sector and the existing system is part of the internal functioning…
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Q31
25/100
Do national defence and security institutions have beneficial ownership of commercial businesses? If so, how transparent are details of the operations and finances of such businesses?
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Twenty companies are affiliated to the Ministry of the People’s Power for Defence (MPPD). Only one of these – the Venezuelan Military Industries Company…
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Military companies are publicly declared and information is published about the percentage of shareholders; each company has a military majority among its shareholders. The…
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Military-owned Businesses
Q32
13/100
Are military-owned businesses subject to transparent independent scrutiny at a recognised international standard?
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As dependencies of the Ministry of the People’s Power for Defence (MPPD), military businesses can be subject to fiscal controls from the Comptroller General…
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While there is some information about audits and technical visits from CONGEFANB to these companies, details of the audits are not made public [1,…
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Illegal Private Enterprise
Q33
38/100
Is there evidence of unauthorised private enterprise by military or other defence ministry employees? If so, what is the government’s reaction to such enterprise?
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Venezuelan legislation does not outlaw private military companies, and in recent years the government has promoted their development. The law does not set out…
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The creation of private military companies in Venezuela has increased. However, available information indicates that evident that most are of a public nature and…
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Actual Military Spending
Q77
0/100
Is comprehensive data on actual spending on defence published during the budget year?
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The Venezuelan constitution establishes a principle of accountability and the right of citizens to be informed about the management of public administration [1]. However,…
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This indicator is marked ‘Not Applicable’. No information on defence sector expenditure has been made public since 2015. Unofficial information on defence budget implementation…
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This indicator is marked ‘Not Applicable’. No information on defence sector expenditure has been made public since 2015. However, prior to the worsening of…
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This indicator is marked ‘Not Applicable’. Since no information on the MPPD budget and accountability reports has been officially published since 2016, it is…
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