Vietnam jumps 14 places in Open Budget Survey
Hanoi (VNA) - The Open Budget Survey (OBS) 2019 from the International Budget Partnership
(IBP) ranks Vietnam 77th out of 117 countries around the world, up 14
places against the previous survey in 2017, the Ministry of Finance reported on
May 18.
The OBS is
the world’s only independent and comparative assessment of the three pillars of
public budget accountability - transparency, oversight, and public participation
- and been conducted by IBP biannually since 2006.
Vietnam’s
budget transparency scored 38 out of 100, an increase of 23 points compared to 2017.
The average score globally was 45.
Vietnam scored 11 out of 100 for public participation and 74 out of 100 for budget oversight,
up four points and two points, respectively, from 2017.
Vietnam increased
the availability of budget information by publishing the Executive’s Budget Proposal,
the Citizens Budget, and the Audit Report online and increasing the information
provided in the In-Year Reports.
The language
used in the Citizens Budget report was viewed as simple and easy for people to understand,
thus increasing their participation in budget allocation and monitoring.
The country
has so far published online seven out of eight budget documents: the Pre-Budget
Statement, the Executive’s Budget Proposal, the Enacted Budget, the Citizens Budget,
In-Year Reports, the Year-End Report, and the Audit Report, in a timely manner./.