Wednesday, August 17, 2022

Government Agencies Reveal Financial Information to Promote Transparency

By on October 16, 2016

SAN JUAN — The Institute of Puerto Rican Culture (ICP by its Spanish initials) released Sunday its entire financial information of the 2014-2015 fiscal year, becoming the second public entity to do so as part of a challenge proposed by the Puerto Rico Statistics Institute (SI).

The information, available to the public through the Financial Transparency System, can be searched by the type of expense or name and acquire general data, such as the participating entities’ entire expenses, and more specific facts, including the number of transactions or specific salaries, among others.

Dr. Mario Marazzi-Santiago, executive director of the Puerto Rico Statistics Institute (SI) / File

Dr. Mario Marazzi-Santiago, executive director of the Puerto Rico Statistics Institute (SI) / File

The ICP revealed that out of its $19.45 million global budget, $4.16 million are destined to its 157 regular employees. Other findings show the budgetary distribution toward museums, theaters, and organizations that promote culture and arts, among them: the Museum of Art of Puerto Rico; Luis Muñoz Marín Foundation; Museum of Contemporary Art; Luis A. Ferré Foundation; Museum of the Americas, and so forth.

SI Executive Director Dr. Mario Marazzi-Santiago expressed in a press release that it “requires certain organizational bravery to get over inexistent obstacles from the past and make way for a culture of openness and transparency in our government management.”

Last May, SI encouraged government agencies to join the Financial Transparency System in order to prove their commitment toward battling public corruption and improving transparency in public administrations, and it revealed its entire registry from the 2007-2008 fiscal year.

“As of today, SI will begin affirmative actions to incorporate the corresponding data of the rest of the government of Puerto Rico,” concluded Marazzi-Santiago.

You must be logged in to post a comment Login