KUALA LUMPUR: Malaysia has improved its score for this year’s Open Budget Index, says the Institute of Democracy and Economic Affairs (Ideas), Malaysia’s first think-tank dedicated to promoting market-based solutions to public policy challenges.
Malaysia scored 46 points this year, compared to the previous score of 39 points in 2012. This puts Malaysia at the 49th place out of 102 countries.
New Zealand is at the top of the list with 88 points.
The Open Budget Index measures the transparency of national budgets being spent and is mainly categorised into three areas – the level of budget transparency, the degree of public participation and the strength of oversight institutions in the legislature and government audit body.
Ideas stated that Malaysia’s score improved due to the strength of the Auditor-General’s Office. They said however, that it was still a “relatively low score”.
“It means that the Malaysian government provides only limited information to the public,” Ideas said in a statement today.
The Open Budget Index is published by the International Budget Partnership in collaboration with Ideas.