Vietnam moves up in budget transparency rankings

According to information from the Ministry of Finance , the results of the Open Budget Survey 2023 (OBS 2023) recently announced by the International Budget Partnership (IBP), Vietnam's budget transparency ranking continued to be raised to 57/125 countries, up 11 places compared to the 2021 assessment and up 20 places compared to 2019.

Determination and efforts to increase budget transparency

All pillars are higher than the global average and have increased in score compared to 2021. For example, the budget transparency pillar scored 51/100 points (the global average was 45/100 points, an increase of 7 points compared to 2021); the public participation pillar scored 19/100 points (the global average was 15/100 points, an increase of 2 points compared to 2021); the budget monitoring pillar scored 82/100 points (the global average was 62/100 points, an increase of 2 points compared to 2021).

These figures are the result of Vietnam's determination and efforts to increase budget transparency through the availability of budget documents and the full, accurate, and timely disclosure of information throughout the entire budget process, from the budget estimate submitted to the National Assembly , the budget approved by the National Assembly, the implementation status during the year, and the final settlement approved by the National Assembly.

Diversity in forms of transparency

In terms of content, the form of disclosure is diverse. In addition to publicizing detailed forms and state budget data, there are also publicized detailed explanatory reports and budget reports for citizens designed in the form of charts, graphics, posted on the Ministry of Finance's Electronic Information Portal, Budget Publicity Portal, printed publications, etc. to disseminate budget information to the most people, creating favorable conditions for people to easily grasp the budget, increasingly attracting attention and further promoting people's participation in the budget process and budget supervision.

The State Budget Public Portal is regularly upgraded to provide timely and complete information and data on the State budget and support convenient exploitation and search in different information directions; at the same time, it is ready to receive comments and contributions from organizations and individuals in the process of developing State budget documents to submit to competent authorities for consideration and decision.

Notably, according to OBS's ranking, the budget report for citizens achieved a maximum of 100/100 points; the State budget estimate decided by the National Assembly achieved 83/100 points; the State budget implementation report during the year achieved 78/100 points.

Accordingly, the Ministry of Finance has implemented a mechanism to directly collect people's opinions on the draft state budget estimate submitted to the National Assembly and prepare a citizen budget report for this document, before the National Assembly decides on the state budget estimate.

The Ministry of Finance continues to hope to receive comments and technical support from international organizations, domestic organizations and individuals to improve the mechanism and policies on state budget management and disclosure; further attract people's attention to budget information and facilitate people to participate and contribute opinions to documents throughout the entire budget process and monitor budget implementation.

The Open Budget Survey (OBS) is an initiative to promote budget transparency, conducted by IBP in collaboration with independent social organizations (in Vietnam, the Center for Development and Integration - CDI), in more than 100 countries around the world , with an assessment cycle every 2 years since 2006.

Source: https://laodong.vn/kinh-doanh/viet-nam-tang-thu-hang-trong-xep-hang-minh-bach-ngan-sach-1361267.ldo