Philippines Ranks First (1st) in Asia for Budget Transparency Survey (OBI Results)

The Philippines under the leadership of President Rodrigo Roa Duterte is now ranked First (1st) in Asia for Budget Transparency according to the results of the Open Budget Survey (OBS) 2017 receiving an Open Budget Index (OBI) of 67, securing the top spot in Asia.


Budget Secretary Benjamin Diokno revealed the good news for the Philippines in an interview saying "We're very proud of what we've accomplished to date. In surpassing our Asian neighbors, we have further cemented our position as a global leader in Open Government. It encourages us to persevere, to do even better, in the years ahead," Sec. Diokno said.

Based upon the OBS 2017 results, the Philippines OBI (67) is three points higher than its score in 2015 (64). The Philippines is now first in Asia, we are followed by Indonesia (64), Jordan (63), Japan (60), and South Korea (60).

The Philippines under Pres. Rody Duterte ranks 19th worldwide in the Budget Transparency Index, while the Global Average for OBI in 2017 is 42.

During the year 2015, the Philippines ranked first only in the Southeast Asian Region (ASEAN), second to Asia after South Korea (65), and 22nd worldwide.

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. After being evaluated against 109 equally weighted indicators, each country receives a composite score (out of 100) that determines its ranking on the OBI.

The survey also measures the extent of public participation in the country’s budget process and budget oversight by the legislature and the Supreme Audit Institution (SAI).

Source: PNA

Philippines Ranks First (1st) in Asia for Budget Transparency Survey (OBI Results) Philippines Ranks First (1st) in Asia for Budget Transparency Survey (OBI Results) Reviewed by Phil Newsome on February 01, 2018 Rating: 5
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