PH most fiscally transparent

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    The Philippines ranked as the most fiscally transparent country in Southeast Asia, a think tank said yesterday.

    Out of 117 countries evaluated for the 2019 Open Budget Survey by the International Budget Partnership, the Philippines secured the top spot in Southeast Asia for budget transparency and ranked 10th worldwide.

    The results were presented by Secretary Wendell Avisado of the Department of Budget and Management in a forum hosted by Stratbase ADR Institute.

    The presentation showed the country’s 2019 Open Budget Index score climbed nine places to 76 out of 100 from No. 67 in 2017. This exceeded the government’s 2019 and 2021 OBI target scores of 67 and 71, respectively, under the Philippine Development Plan 2017-2022.