Lankan Ranger
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Sri Lanka & India has best budget transparency in South Asia: Survey
Sri Lanka & India has emerged on top in South Asia on a global survey on budget tranparency by a Washington based body, which judged that citizens are given enough information to assess how their money is used.
Sri Lanka & India has scored 67 points and transparency has improved over the years, the Open Budget Index (OBI) said.
The index graded countries as giving scant information (0-20 points - E), minimal (21-40 D), some (41-60 C), significant (61-80 B) and extensive (81-100 A).
Afghanistan scored 21, Bangladesh 48, Nepal 45 and Pakistan 38. Among the 'A' grade countries were South Africa, New Zealand, UK, France, Sweden and the US.
"In relative terms we are doing well, the region is also doing well one way or another," Pakiasothy Saravanamuttu from Centre for Policy Alternatives, OBI's local partner said.
"The challenge, however is to do much better."
OBI said Sri Lanka gave enough information for citizens to assess "how the government manages public funds."
Sri Lanka has an executive budget proposal, a pre-budget statement, an enacted budget and mid-year reports, and an audit report, OBI said.
From 2006 to 2008 budget transparency has increased, the report said, with more comprehensive reports with extra information coming out.
Sri Lanka, India has best budget transparency in South Asia: survey - LANKA BUSINESS ONLINE
Sri Lanka & India has emerged on top in South Asia on a global survey on budget tranparency by a Washington based body, which judged that citizens are given enough information to assess how their money is used.
Sri Lanka & India has scored 67 points and transparency has improved over the years, the Open Budget Index (OBI) said.
The index graded countries as giving scant information (0-20 points - E), minimal (21-40 D), some (41-60 C), significant (61-80 B) and extensive (81-100 A).
Afghanistan scored 21, Bangladesh 48, Nepal 45 and Pakistan 38. Among the 'A' grade countries were South Africa, New Zealand, UK, France, Sweden and the US.
"In relative terms we are doing well, the region is also doing well one way or another," Pakiasothy Saravanamuttu from Centre for Policy Alternatives, OBI's local partner said.
"The challenge, however is to do much better."
OBI said Sri Lanka gave enough information for citizens to assess "how the government manages public funds."
Sri Lanka has an executive budget proposal, a pre-budget statement, an enacted budget and mid-year reports, and an audit report, OBI said.
From 2006 to 2008 budget transparency has increased, the report said, with more comprehensive reports with extra information coming out.
Sri Lanka, India has best budget transparency in South Asia: survey - LANKA BUSINESS ONLINE
If we were indeed transparent we would be standing neck to neck with Chinese in our national development rather than being a decade behind them. 
