Open Budget Survey: Georgia 5th in world by budget transparency
Similar to the result of the 2017 survey, 81 points allowed Georgia to be still ranked number 5 among 117 countries following New Zealand, South Africa, Sweden and Mexico. Photo: Nino Alavidze/Agenda.ge.
Tweet 
Share
The Open Budget Survey 2019 by the International Budget Partnership ranks Georgia 5th in the world out of 81 scores out of 100, based on an analysis of 117 nations’ budget transparency scorings, participation and oversight.
This is one point less than the result of the 2017 survey. This change was mainly due to amendments in the methodology of evaluating several issues by the International Budget Partnership.
Similar to the result of the 2017 survey, 81 points allowed Georgia to be still ranked number 5 among 117 countries following New Zealand, South Africa, Sweden and Mexico.
Using 109 indicators to measure budget transparency, countries were given a score out of 100 for each category that measured how governments managed public finances. These indicators assess whether the central government makes eight key budget documents available to the public online in a timely manner and whether these documents present budget information in a comprehensive and useful way.
Image by Transparency International Georgia.
The eight documents are: pre-budget statement, executive’s budget proposal, enacted budget, citizens budget, in-year reports, mid-year review, year-end report and audit report.
The entire research process took approximately 18 months. The survey assesses only events, activities, or developments that occurred up to December 31, 2018.
Despite the impressive performance, the International Budget Partnership proposes a number of recommendations for the government of Georgia in order to continue improving its scores.
The most important recommendations are related to the further enrichment of the executive budget proposal and mid-year review and creating more tools for public participation in budgetary processes.
Georgia’s economic freedom score is 75.9, making its economy the 16th freest in the 2019 Index of Economic Freedom by the Heritage Foundation.
The United Nations Economic Commission for Europe (UNECE) names Georgia as the top trade reformers in the UNECE region with its "lean institutional set-up and paperless trading environment”.
Georgia ranks 38th out of 180 countries in the world and is the first country in the region in the third report of the Open Data Inventory (ODIN), which contains statistical data on openness and a full coverage of issues reported on by the official websites of statistics offices.
Georgia is steadily improving its international reputation by making governmental and financial dealings of the country more transparent. Results of the Open Budget Survey 2017 (OBS) released today by the International Budget Partnership ranked Georgia 5th in the world out of 82 scores, based on an analysis of 115 nations’ budget transparency, participation and oversight.
Georgia has ranked 91st of 165 countries in the Economist Intelligence Unit’s Democracy Index 2020.
Georgia is now the highest ranked country on budget transparency in Open Budget Survey 2021 published by the International Budget Partnership on Tuesday.
Georgia is proud to be the top-ranked country on budget transparency internationally, Georgian Finance Minister Lasha Khutsishvili said on Tuesday at the presentation of the Results of the 2021 Open Budget Survey organised by the International Budget Partnership.
The Embassy of Germany in Tbilisi has praised Georgia's advancement to the leading spot in the International Budget Partnership’s latest Open Budget Survey as an "impressive achievement", as the country was named the global leader in budget transparency.