• Home
  • Contact
  • Submit a News Release
Friday, May 9, 2025
  • Login
No Result
View All Result
NEWSLETTER
Mainland Times — Breaking Continental European News
  • Climate
  • Business
  • Economy
  • Europe
  • Health
  • Education
  • Society
  • Sport
  • World
  • Climate
  • Business
  • Economy
  • Europe
  • Health
  • Education
  • Society
  • Sport
  • World
No Result
View All Result
Mainland Times — Breaking Continental European News
No Result
View All Result
Home Europe

Georgia Leads Emerging Europe in Budget Transparency

Michael Sanders by Michael Sanders
12/07/2021
in Europe
Georgia Leads Emerging Europe in Budget Transparency
11
VIEWS

In a new edition of the Open Budget Survey (OBS), which assesses budget accountability and transparency in 115 countries across the world, Georgia has emerged as Central and Eastern Europe’s champion of open government. Georgia now ranks 5th in the world, having climbed 11 places since the last OBS was published in 2016. Romania is Emerging Europe’s second best-placed country, in 9th, a reflection of its ongoing commitment to fighting corruption despite backsliding by the current ruling coalition. Slovenia (17th, Bulgaria (21st) and the Czech Republic (25th) also rank high in the report.

All other countries in the region have fallen back, and are part of a large group of 89 countries which the OBS claims “fail to make sufficient budget information publicly available; International Budget Partnership says this failure undermines the ability of citizens worldwide to hold their government to account for managing public funds.”

Warren Krafchik, the executive director of International Budget Partnership, which publishes the report, said, “The declines in budget transparency are worrisome against a global backdrop of rising inequality, restrictions on media and civic freedom, and a weakening of trust between citizens and their governments.”

“Citizens of every country in the world have the right to know how their government is raising and spending public funds,” said Krafchik. “Citizens should also have opportunities to participate in budget making and oversight, which can lead to more equitable budgets and efficient spending. The failure of most governments to involve the public in decision making or to explain their plans and budgets weakens trust and undermines democracy.”

Poland (30th), Slovakia (31st), Moldova (33rd), Croatia (34th), Ukraine (39th), Albania (48th), Hungary (57th), Serbia (62nd), Macedonia (74th), Bosnia (76th) and Azerbaijan (78th) are the other Emerging European countries which appear in the survey. The Baltic States do not form part of the survey.

According to the report, New Zealand boasts the world’s transparent budget.

Recommended

Does It Matter Donovan Mitchell Isn’t Passing Rudy Gobert The Ball Much?

Does It Matter Donovan Mitchell Isn’t Passing Rudy Gobert The Ball Much?

3 years ago
Queen strips Prince Andrew of military roles and royal patronages

Queen strips Prince Andrew of military roles and royal patronages

3 years ago

Popular News

  • Innovative firms take note: The Warsaw Stock Exchange’s NewConnect market is booming

    Innovative firms take note: The Warsaw Stock Exchange’s NewConnect market is booming

    0 shares
    Share 0 Tweet 0
  • The Top European Online Media Outlets: A Guide to Trusted News Sources

    0 shares
    Share 0 Tweet 0
  • Polish schoolgirl stirs debate with new climate protest

    0 shares
    Share 0 Tweet 0
  • Migom Bank’s Unprecedented Growth: A Look at the Past, Present, and Future

    0 shares
    Share 0 Tweet 0
  • Romania’s 3-month ROBOR hits fresh 6-month low

    0 shares
    Share 0 Tweet 0

Newsletter

Subscribe and receive the latest news to your email.

SUBSCRIBE

Category

  • Business
  • Climate
  • Economy
  • Education
  • Europe
  • Health
  • Latest
  • Society
  • Sport
  • World

Site Links

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

About Us

Mainland Times is an independent online outlet that publishes socially relevant news taking place on the European continent. Mainland Times aggregates news from several sources, and also provides coverage through a network of local correspondents.

  • Home
  • Contact
  • Submit a News Release

© 2021 All rights reserved.

No Result
View All Result
  • Home
  • Europe
  • Economy
  • Health
  • Climate
  • Climate
  • Business
  • Sport
  • Education
  • Society
  • World

© 2021 All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In