dyton mupawaenda
Ivan Zhakata-Herald Correspondent
Zimbabwe has made significant improvement in its rankings for budget transparency and inclusiveness, as announced by the Open Budget Survey (OBS) on May 29, 2024.
The OBS is a brainchild of the international Budget Partnership (IPB), a global body that promotes transparency in public finance systems and processes.
With a score of 63 out of 100, Zimbabwe joins 33 other countries that scored between 61 and 80.
In a statement, Minister of Finance, Economic Development and Investment Promotion Professor Mthuli Ncube said this placed the country in 30th position out of the 125 countries assessed.
Minister Ncube said in Sub-Saharan Africa, Zimbabwe is ranked third, after South Africa and Benin.
“Notably, Zimbabwe is among the top performers that have consistently improved their budget transparency between 2017 and 2023,” he said.
The survey is conducted and published after every two years to assess public participation and transparency in national budget processes across more than 125 countries.
“It is the only comparative assessment of its kind worldwide. This latest ranking reflects an improvement from 59 out of 100 recorded in 2021, and positions Zimbabwe 18 points above the global average of 45 out of 100,” Professor Ncube said.
He said encouragingly, the Zimbabwe’s Open Budget Index has shown a positive trend since 2019.
The improvement in budget transparency, he said, signifies Govemment’s efforts to rebuild public trust and strengthen democratic engagement, which are crucial for creation of equitable, just and sustainable societies.
“This aligns with the engagement and re-engagement pillar of the National Development Strategy (NDS)1 and contributes to attracting more funding for the country’s development from the international community, including Official Development Assistance (ODA) and Foreign Direct Investment (FDI),” Minister Ncube said.
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