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Open Budget Survey 2023: Georgia ranks first among 125 countries in Budget Transparency

by mariam.mtivlishvili
May 30, 2024
in Business & Economy, Magazine
Reading Time: 1 min read
Open Budget Survey 2023: Georgia ranks first among 125 countries in Budget Transparency

Source of the image: Ministry of Finance of Georgia

The Open Budget Survey 2023 stated that Georgia again ranks first among 125 countries in Budget Transparency.
The Open Budget Survey also evaluates budget oversight and public participation, placing Georgia 5th out of 125 countries.
– Budget Transparency: 87 points (out of 100)
– Budget Oversight: 83 points (out of 100)
– Public Participation: 44 points (out of 100)
Compared to the 2021 survey, significant progress has been made in the area of Budget Oversight. The score has increased from 74 to 83 and in Budget Oversight, Georgia improved its ranking from 21st to 5th place.

First launched in 2006, the Open Budget Survey is the world’s only independent, comparative, and fact-based research instrument to measure these essential aspects of governance and accountability: participation, oversight, and transparency:

Transparency – public access to central government budget information.
Participation – opportunities for the public to participate in the national budget process.
Oversight – role of independent oversight institutions, such as legislatures and supreme audit institutions.

 

Tags: Budget TransparencyGeorgiaOpen Budget Index 2023
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