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The Financial Express

BD’s budget more transparent than India’s: TII

| Updated: February 04, 2018 18:41:06


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Internet photo used only for representation. Internet photo used only for representation.

India's budget is considered "less transparent" as it provides limited information in the public domain, Transparency International India (TII) said, adding the lack of transparency would lead to severe economic and financial problems, according to Indo-Asian News Service.

"Bangladesh has better transparency than India in its system," it said on Wednesday.

"Despite its utmost importance, the state budget in India remains one of the most intractable of documents, incomprehensible for ordinary citizens, specialists and non-specialists alike, making it difficult for the citizenry to participate in shaping public policy," the anti-corruption watchdog said in a statement.

"It is worth noting that on parameters of international standard on budget transparency, the Indian budget is considered as less transparent as it provides limited budget information in the public domain."

India scored 48 on 100 in the Open Budget Survey of 2017.

Union Finance Minister Arun Jaitley will present the budget for 2018-19 on Thursday.

As part of its advocacy initiatives for transparency in budgetary process and fiscal accountability, the TII has prepared a report on global best practices using research through secondary resources, feedback with citizens and activists from diverse backgrounds.

The objective of the report was to highlight the process-related inadequacies and gaps in budgetary process in India and need for improvement, it said.

 

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