Watch the Philippines is No.1 in Asia on Budget Transparency

The Open Budget Survey (OBS) 2017 has been released with the Philippines receiving an Open Budget Index (OBI) of 67, effectively securing the top spot in Asia and #19 worldwide for budget transparency.

“The Department of Budget and Management will continue to work with the legislature, our constitutional bodies, and our citizens to further enhance budget openness in the public sector,” the Philippines’ Budget Chief said.

The Open Budget Survey (OBS) is a biennial survey conducted by the International Budget Partnership (IBP) which assesses budget transparency based on the amount and timeliness of budget information governments make available to the public.

The OBS uses internationally-accepted criteria developed by multilateral organizations from sources such as the International Monetary Fund (IMF), the Organisation for Economic Co-operation and Development (OECD), the International Organisation of Supreme Audit Institutions (INTOSAI) and the Global Initiative for Fiscal Transparency (GIFT). 

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