South Africa has come second in transparency globally, with Georgia claiming first spot in the 2021 Open Budget Index (OBI).<\/P>
Overtaking both South Africa and New Zealand, Georgia took first place in the Index conducted among 120 countries by the International Budget Partnership (IBP) through an Open Budget Survey.<\/P>
IBP is the world\u2019s only independent, comparative measure of budget transparency, participation, and oversight.<\/P>
In 2021, South Africa took a surprise slip into second place.<\/P>
In a statement, the National Treasury said: \u201cNonetheless, South Africa still maintains its reputation as a global leader since it continues to strengthen its commitment to a transparent budget system. The global transparency average is 45 out of 100, while South Africa scores the second best with 86 out of 100, a score which reflects South Africa\u2019s commitment to transparency\u201d.<\/P>
In public participation category, South Africa scored 19 out of 100 which National Treasury recognises is low, even though it is better than the global average of 14.<\/P>
The Department said steps were already being taken following the last OBI survey results.<\/P>
\u201c[This includes] South Africa participating in the Fiscal Openness Accelerator (FOA) pilot project – in partnership with IBP and Global Initiative for Fiscal Transparency (GIFT) – to further strengthen public participation in the budget process.<\/P>
\u201cThe pilot is in its second and final year and the objective is to improve the approach will be to solicit inputs from the public, in pursuance of improving public participation in the budget process.\u201d<\/P>
In the final category, oversight, South Africa has an overall score of 81 out of 100.<\/P>
South Africa scores 72 out of 100 on legislative oversight and 100 on audit oversight. Of 120 countries, only 41 countries have adequate oversight.<\/P>
This continues to reflect South Africa\u2019s commitment to enhancing its budget process and fostering public participation as enacted in the South African Constitution.<\/P>
The OBI survey provides a comprehensive review of South Africa\u2019s budget process. Citizens are encouraged to use the information published in budget documents for effective analysis and research internationalbudget.org\/open-budget-survey.<\/P>
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Source: South African Government News Agency<\/P>
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South Africa has come second in transparency globally, with Georgia claiming first spot in the 2021 Open Budget Index (OBI).Overtaking both South Africa and New Zealand, Georgia took first place in the Index conducted among 120 countries by the Interna…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"yoast_head":"\n