India ranks 53rd in Budget Transparency and Accountability
According to the Open Budget Survey conducted by the International Budget Partnership, India ranked 53rd among 117 countries in budget transparency and accountability.
India scored 49 out 0f 100 in the survey. The score was above the global average of 45. New Zealand scored 87 and topped the list. South Africa, Mexico and Brazil were the other top performers with scores 87, 82 and 81 respectively.
The survey gave better scores for India for its timely publishing and relevant information in the audit reports. According to the survey, absence of pre-budget statement and mid-year review in the year 2018-19 was the main reason for India to scoreless in the survey.
The survey suggests to maintain high degree of transparency in government finances in order to ensure the public resources are used judiciously. An integrated expenditure information architecture has to be built in every district headquarters. This will help the coordination and management committees at district level to enforce accountability and improve budget transparency
About the Survey
The survey evaluated every country based on their issuance of information to the public in a timely manner. Also, they assessed how far the countries allowed public participation in order to prepare the ranking.
Month: Current Affairs - May, 2020
Category: Reports & Indexes Current Affairs