Philippines ranks 1st in Asia for budget transparency


The Philippines ranks 1st for budget transparency in Asia, having an Open Budget Index of 67, and 19th worldwide, with 42 OBI points, according to the Open Budget Survey (OBS) of 2017 result.
“We’re very proud of what we’ve accomplished to date. In surpassing our Asian neighbors, we have further cemented our position as a global leader in Open Government. It encourages us to persevere, to do even better, in the years ahead.” Budget Secretary Benjamin Diokno said.
Following the Philippines, is Indonesia with 64 points, followed by Jordan with 63 points, while Japan and Korea tied up with 60 points.

The Open Budget Survey assesses budget transparency based on the amount and timeliness of budget information governments are making publicly available. Each country is given a score between 0 and 100 that determines its ranking on the Open Budget Index.

“The Open Budget Index is the world’s only independent, comparative measure of central government budget transparency. Countries covered by the Open Budget Survey are given a transparency score between 0 and 100, which IBP uses to construct the Index, which ranks the assessed countries.” Stated on the OBP’s website.

The Philippines’ boasts a score of 41 for Public Participation, more than three times the global average at 12. 

The Philippines is one of only four countries — New Zealand, Australia and United Kingdom, to achieve a moderate score in the category, garnering a score of 41, which is 3 times higher than the global average at 12.

Aside from the said achievement, the Philippines also holds a score of 65 for Budget Oversight, with the legislature and the Commission on Audit providing adequate oversight over the budget.

“The Department of Budget and Management will continue to work with the legislature, our constitutional bodies, and our citizens to further enhance budget openness in the public sector,” Diokno said.



Source:  ptvnews.ph

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