SA SCORES TOP HONOURS IN BUDGET TRANSPARENCY

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South Africa shares the top spot in the recently released Open Budget Index (OBI) Survey.

 

The OBI Survey assesses the availability of eight key budget documents in each of the 115 countries evaluated, and considers the comprehensiveness of data in these documents.

“South Africa’s efforts to deepen transparency in budget processes have been recognised internationally. In the 2017 OBI Survey, out of 115 countries, South Africa has been ranked first – a position shared with New Zealand,” said National Treasury on Wednesday, 30 January.

The survey also examines the extent of effective oversight provided by legislatures, the independent fiscal institutions and the supreme audit institutions, and the opportunities available to the public to participate in national budget processes.

In the 2017 OBI, South Africa achieved a score of 89 out of 100 in terms of transparency, an improvement from a score of 86 achieved in 2015.

The Minister of Finance, Malusi Gigaba, applauded this achievement. He urged South Africans to be proud of this achievement, which entrenched its reputation as a global leader.

“This is evidenced by the expansive budget information that is published for public analysis and scrutiny,” he said.

South Africa has consistently been rated among the top three since it held the first position in the 2010 OBI. The rating of second in 2012 and third in 2015 coincided with a change in the OBI Survey scoring, which placed increased emphasis on budget participation.

– Source: SAnews.gov.za