South Africa Tops on Budget Ranking
South Africa has taken the first place in an international Open Budget Survey 2010 released recently, beating the likes of the United Kingdom, United States of America, Germany and all BRIC (Brazil, Russia, India and China) countries.
Second position went to New Zealand, followed by the UK in third and France in the fourth position. China ranked the second lowest while Saudi Arabia ranked the lowest.
The survey, which is the world's only independent and comparative measure of budget transparency, uses criteria mainly developed by the International Monetary Fund, Organisation for Economic Cooperation and Development, and the International Organisation of Supreme Audit Institutions. It covers 94 countries and is undertaken every two years.
Meanwhile, Stanlib economist, Kevin Lings, points out that a survey of 94 countries which takes place once every two years has ranked the country’s national budgeting process first in terms of transparency and accountability.
To read the article titled, “SA number one on budget ranking,” click here.
Second position went to New Zealand, followed by the UK in third and France in the fourth position. China ranked the second lowest while Saudi Arabia ranked the lowest.
The survey, which is the world's only independent and comparative measure of budget transparency, uses criteria mainly developed by the International Monetary Fund, Organisation for Economic Cooperation and Development, and the International Organisation of Supreme Audit Institutions. It covers 94 countries and is undertaken every two years.
Meanwhile, Stanlib economist, Kevin Lings, points out that a survey of 94 countries which takes place once every two years has ranked the country’s national budgeting process first in terms of transparency and accountability.
To read the article titled, “SA number one on budget ranking,” click here.
Source:
Independent Online
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