Equatorial Guinea Scores Zero out of 100 in the Open Budget Index
Equatorial Guinea Scores Zero out of 100 in the Open Budget IndexJanuary 1, 2010
Equatorial Guinea has made no substantive progress on budget transparency since 2008, the first year the country was included in the Index. In 2010, Equatorial Guinea matched its 2008 score of zero (out of 100) in the Index, while the global average score was 42.
"The International Budget Partnership has just released the Open Budget Survey 2010, the only independent, comparative, regular measure of budget transparency and accountability around the world. Produced every two years by independent experts not beholden to national governments, the report reveals that 74 of the 94 countries assessed fail to meet basic standards of transparency and accountability with national budgets. This opens the door to abuse and inappropriate and inefficient use of public money. The good news is that all governments -- no matter their income levels or political systems or dependence on aid -- can improve transparency and accountability quickly and with very little additional cost or effort by publishing online all of the budget information they already produce and by inviting public participation in the budget process..."
Click here to read the Full Summary on Equatorial GuineaOpen Budget Index 2010 - Equatorial Guinea