Budget Transparency: Better for Democracy Better for the Economy Launch of Open Budget Survey 2015 © Verité Research 2015.

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Presentation transcript:

Budget Transparency: Better for Democracy Better for the Economy Launch of Open Budget Survey 2015 © Verité Research 2015

39 / /102 Score Rank Open Budget Survey : Sri Lanka

Sri Lanka falls in transparency score 69 th / th / th /94 14 th /83 27 th /59 45

Sri Lanka steady South Asian Rank & Score India 52 Sri Lanka 64 Sri Lanka & India 67 India 68 Bangladesh 56 Pakistan 51 India 60 Afghanistan 59 India 46 Sri Lanka 47 Nepal 43 Bangladesh 48 Bangladesh & Pakistan 58 Pakistan 43 Bangladesh 40 Bangladesh 42 Nepal 45 Afghanistan 42 Nepal 30 Pakistan 38 Pakistan 38 Sri Lanka 46 Sri Lanka 39 Afghanistan 8 Afghanistan 21 Nepal 44 Nepal 24

Inconsistency in publications Document Pre- Budget Statement Budget Estimates Appropriation Act Citizens Budget In-Year Report Mid-Year Review Annual Report (MOF) Auditor General’s Report Published Published for internal use Not Published

Citizen’s have ‘minimal’ budget information Scant/none 0-20 Minimal Limited Substantial Extensive Reduces ability to evaluate & scrutinize Decline in credible budget reporting

Weak participation and oversight WEAK LIMITED ADEQUATE Public Participation 67 Oversight by Auditor General 37 Oversight by Legislature

Three ways to improve budget transparency Make budgets people friendly Publish budget monitoring documents on time Create stronger control on contingent spending

Thank you © Verité Research 2015