- According to the 7thedition of ‘Open Budget Survey 2019’ conducted by International Budget Partnership (IBP), India has been ranked at 53rd position among 117 nations in terms of budget transparency and accountability with the score of 49 out of 100. While New Zealand has been topped the list with a score of 87.
- The global average transparency score on this survey was 45.
- Performance of India: As per IBP, the Centre for Budget and Governance Accountability (CBGA) has helped to know the performance of India in this survey, which is just a stagnation over the last few year.India also functioned better in publishing timely and relevant information in the audit reports and in-year reports.
About the ranking:
- The survey ranked the countries in 5 different categories based on their scores. [0-20: scant, 21-40: minimal, 41-60:limited, 61-80:substantial,81-100:extensive].
- It evaluates each nation’s 8 key budget documents of the Central or Federal Government, and assesses whether these are made public, in a timely manner, and provide comprehensive information.
