Bangladesh has ranked the 79th position, out of 117 countries, in the Open Budget Index (OBI) 2019, according to a global survey.
Washington-based International Budget Partnership (IBP) prepared the OBI based on Open Budget Survey on the countries’ budget transparency, public participation and budget oversight situation.
In Bangladesh, the report was released on September 15.
The country lagged behind than other South Asian countries, except Pakistan, in terms of budget transparency as Bangladesh scored only 36, out of 100, in the survey.
Afghanistan topped the position in the region with scoring 50 in the transparency score followed by India with 49, Sri Lanka with 47, Nepal with 41 and Pakistan scored 28 in the survey.
The global average score in budget transparency is 45 while transparency score below 61 is termed insufficient. Bangladesh’s transparency score has been declining over the period since 2012 when the score was 58 and then it declined to 56 in 2015 and further declined to 41 in 2017.
Research and Policy Integration for Development executive director, also IBP’s local independent expert, Mohammad Abu Eusuf said that Bangladesh’s performance dropped mainly due to delay in publication and not publication of budget-related documents.
Finance ministry in many cases publishes the documents and fiscal reports making several months delay, he said.
Even, mid-year review, year-end report and audit report were not published on time, he said.
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