Lanka top in Open Budget Index

Sri Lanka is placed top in the Open Budget Index 2010 scoring 67 points according to a survey conducted by International Budget Partnership (IBP).

Apart from Sri Lanka, India too has reached a significant level of 67 points whereas the other countries such as Bangladesh, Nepal and Pakistan stand low in the South Asian region.

The Open Budget Index indicates the budgets transparency. Building adequate checks and balances into the Budget process can enhance the creditability and prioritization of policy decisions, limit corrupt and wasteful spending and facilitate access to international financial markets, the survey report said. HP