IJF: Croatia Improves Budget Transparency, But There Is Room for Improvement

Total Croatia News

ZAGREB, May 1, 2020 – Croatia has made progress on the global scale of state budget transparency, and according to the survey for 2019, it ranked 21st place among 117 countries, the Institute for Public Finance (IJF) said on Thursday, pointing out that there was still a lot of room for improvement.

As the IJF announced in an analysis by Mihaela Bronić and Josip Franić, the International Budget Partnership (IBP), a non-profit organisation from Washington D.C., published on Wednesday the Budget Transparency Score for 2019, and Croatia scored 68 out of the possible 100 points, according to the Open Budget Survey (OBS).

Thus, Croatia finished 21st on the transparency scale among the total of 117 analysed countries, entering the group of countries where substantial Information is available about the central state’s budget, it was stated in the press release.

Croatia has increased the availability of budget information by increasing the information provided in the Enacted Budget and Audit Report and by publishing the Pre-Budget Statement online in a timely manner, said the International Budget Partnership’s Open Budget Initiative on its website.

More economy news can be found in the Business section.


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