Following the money The EITI was founded on the shared belief that public understanding of government revenues and expenditure over time could help inform public debate and policies that support sustainable development. More than one fifth of EITI implementing countries are dependent on revenues from the extractive sector, which underscores the importance of ensuring that these funds are managed transparently and responsibly for the benefit of citizens. From the beginning, the EITI required countries to disclose company payments and government revenues. Over the past decade, the EITI Standard has expanded these requirements to provide even more comprehensive information on how revenues from the sector are managed. The 2013 EITI Standard included requirements to include social and economic expenditures, while the 2016 EITI Standard required the disclosure of in-kind revenues, which today represent nearly half of the total revenues reported through the EITI. In 2019, the EITI Standard was expanded to include more comprehensive disclosures on the revenue flows and production data of state-owned enterprises, which in some countries make a significant contribution to public finances. The EITI has also strengthened public oversight on how revenues are shared with subnational governments and communities. In several countries, EITI reporting has led to changes in the regulatory framework and helped local communities demand the share of revenues they are entitled to. EITI implementation has also helped local governments track, manage and disclose revenues more efficiently. Revenue management and distribution COUNTRIES’ progress in meeting EITI requirement 5.1 on revenue distribution fiscal years are covered in EITI reporting to date USD . trin revenues have been reported through the EITI PHOTO CREDIT: IVAN BANDURA 6012 3 4 56 0987 6 5 4 3 7654 3 2 1 0 6012 3 4 52 0987 6 5 4 9 7654 3 2 1 7 28 EITI Anniversary Report