How Can the Pace of Budget Transparency Be Increased? Examining the Results of the Open Budget Survey 2012

Posted by Vivek Ramkumar

IBPWB medium


The International BudgetPartnership (IBP) and the World Bank Institute (WBI) are pleased to invite you to join practitioners in thefields of development and fiscal management in a discussion on how to increasebudget transparency and participation around the world. The discussion will include a presentation of the results of the IBP’s latest round of the Open Budget Survey and thenfocus on indentifying innovative and practical suggestions for rapidly improvingcountry performance on the Survey.

Date: 5 February 2013
Time: 9.30-11 am (Breakfast will be served from 9am)
Venue: IFC Auditorium, 2121 Pennsylvania Avenue,Washington D.C.

There is growing interest in the role of openbudgeting systems in development. An increasing body of evidence shows that the bestway to manage public funds efficiently and equitably is through budget systems that aretransparent, inclusive, and monitored through independent oversight institutions. Recentresearch studies also show that transparency can help to attract easier and cheaperinternational credit and thereby increase public revenues. On the other hand, lack of fiscaltransparency can undermine fiscal discipline,increase borrowing costs, and promoteopportunities for corruption and other leakages.

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