Business Standard

India at 53rd position in budget transparency, accountability: IBP survey

Some of the other large developing countries, with the exception of China, have got much higher transparency scores compared to India

Budget
Premium

The survey observed that absence of a published Pre-Budget Statement and not bringing out a Mid-Year Review in 2018-19 pulled down the transparency score for the Union Budget of India

Agencies
India has been placed at 53rd position among 117 nations in terms of budget transparency and accountability, according to Open Budget Survey released on Wednesday.

The survey, which was conducted by International Budget Partnership (IBP), has provided India's Union Budget process a transparency score of 49 out of 100, which is higher than the global average of 45.

New Zealand tops the chart with a score 87.

Some of the other large developing countries, with the exception of China, have got much higher transparency scores compared to India, news agency PTI reported.

South Africa (87), Mexico (82) and Brazil (81)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 30 2020 | 8:26 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com