Vietnam jumps nine places in Open Budget Survey 2021
Vietnam was placed 68th out of the120 countries in the Open Budget Survey (OBS) 2021 recently released by the International Budget Partnership (IBP), up nine spots against 2019 and 23 against 2017, the Ministry of Finance announced on June 9.
Hanoi (VNA) – Vietnam was placed 68th out of the 120 countries in the Open Budget Survey (OBS) 2021 recently released bythe International Budget Partnership (IBP), up nine spots against 2019 and 23 against2017, the Ministry of Finance announced on June 9.
The country gained six points in all the three components –Transparency, Public Participation and Budget Oversight – compared to 2019.
It scored 44 out of the maximum of 100 in Transparency and80 in Budget Oversight last year. Its score in Public Participation reached 17,higher than the global average of 14.
According to the ministry, the OBS2021 resultsshow Vietnam’s efforts in improving budget transparency over years. The countryhas been striving to adopt good international practices as it has released 3-yearnational financial and budget plans and make citizens budget reports morecomprehensible to the public.
The country has also provided its citizens with easieraccess to financial and budget information to better grab their attention and encouragepublic participation in building and monitoring budget plans.
The OBS is the world’s independent,comparative and fact-based research instrument that uses internationallyaccepted criteria to assess public access to central government budgetinformation; formal opportunities for the public to participate in the nationalbudget process; and the role of budget oversight institutions, such aslegislatures and national audit offices, in the budget process.
The survey helps local civil society assess and confer with their government onthe reporting and use of public funds. This 8th edition of the OBS covers 120countries.
Vietnam has participated in the biannual survey for fourconsecutive times, in 2015, 2017, 2019 and 2021./.
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Illustrative photo. (Source: VNA)
