The Indian budgetary system has become more transparent over the years, with the government providing significant information on the Budget, a survey has said.
According to the Open Budget Survey 2010, released by the International Budget Partnership, India's open budget index (OBI) score improved from 53 in 2006 to 67 in 2010. The survey is released every two years and India's OBI score in 2008 was 60.
Several relatively low-income countries such as India, Sri Lanka and Ukraine provided significant information.
The survey showed South Africa with an OBI score of 92, provided the most information on its Budget, followed by New Zealand (90), the UK and France (87 each), Norway and Sweden (83 each) and the US (82). Apart from India, Chile, Brazil, South Korea, Slovenia, Germany, Sri Lanka, Peru, Poland, Spain, Czech Republic, Ukraine and Colombia provided significant Budget information, with their OBI scores ranging 61-72.
Will this transparency help in reducing corruption??? We hope so...
Source: Economic Times
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