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India at 53rd position in budget transparency, accountability: IBP survey

Some of the other large developing countries, with the exception of China, have got much higher transparency scores compared to India

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The survey observed that absence of a published Pre-Budget Statement and not bringing out a Mid-Year Review in 2018-19 pulled down the transparency score for the Union Budget of India

Agencies

3 min read Last Updated : Apr 30 2020 | 8:36 AM IST

India has been placed at 53rd position among 117 nations in terms of budget transparency and accountability, according to Open Budget Survey released on Wednesday.

The survey, which was conducted by International Budget Partnership (IBP), has provided India's Union Budget process a transparency score of 49 out of 100, which is higher than the global average of 45.

New Zealand tops the chart with a score 87.

Some of the other large developing countries, with the exception of China, have got much higher transparency scores compared to India, news agency PTI reported.

South Africa (87), Mexico (82) and Brazil (81)

Topics : Budget spending Budget Indian Economy

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