- Egypt’s budget transparency score jumped 25 points to reach 41 out of 100 points, for the first time in six years, which is near the global average score of 43 points
- Egypt turned it around to reach the World’s average
- Egypt hiked the budget transparency index for the first time in 6 years
- Ministry of Finance: "This improvement resulted from the efforts exerted during the past 3 years to develop the transparency and disclosure frameworks"
- Deputy Minister of Finance: "Transparency is an indispensable tool to achieve social engagement which is reflected on economic and social development"
- Mr. Amr El Garhy, the Minister of Finance, acknowledged the development of Egypt's ranking in the budget transparency index which increased by 25 notches in the 2017 report, published today, to reach 41 out of 100 points, which is near the global average score of 43 points. This is considered the first explicit improvement since 2012
Egypt ranked the 65th among 115 countries included in the Open Budget Survey bi-annually produced by the International Budget Partnership (IBP), compared to the 89th rank among 102 countries in 2015.
This rank means that Egypt exceed the MENA regional average of 18 by 23 notches.
The International Budget Partnership (IBP) collaborates with the civil society to measure the budget transparency level in various countries using the Open Budget Survey that relies on the analysis of the budget data and the related published reports.
Additionally, the IBP assesses the extent to which a government engages its citizens in budget processes, and the strength of the government's formal oversight institutions in supervising the whole process, these institutions are represented in the Legislature and the regulatory bodies in general, on top of which the Central Agency for Public Mobilization and Statistics (CAPMAS).
In 2006, Egypt's Open Budget Index (OBI) was 19 before achieving important improvements and scoring 43 in 2008 and 49 in 2010. During the round of 2012, Egypt's score dropped to 13 in light of the political instability during the transitional period along with the delay in publishing some fundamental reports. Egypt's upward trend regained merely 3 notches to post 16 in the 2015 round.
Mr. Ahmed Kouchouk, Vice Minister of Finance for Fiscal Policies:
"We are keen on continuing the citizen's budget initiative and preserving the ongoing communication process with the public. In order to put community participation into practice, we will provide information about the long-term reforms as well as the policies undergoing during the coming period. This is to encourage the effective participation of the common citizen in the process of decision-making because it's his total right to take part into preparing the budget that eventually will reflect his needs and provide better future for his descendants"
Sara Eid, Deputy Director of Macro Fiscal Policy Unit- Chief Editor and Responsible for the Transparency Initiative:
"Our main goal is not achieving high transparency score, but rather the final impact of this initiative on the daily life of the citizens as well as improving the standard of governmental services through raising the efficiency of public expenditure and by taking his opinion into account while making crucial decisions related to public policy. Undoubtedly, it’s a long-term initiative, but we are really confident - based on the successes achieved so far- that the journey of a thousand miles begins with a step"
Egypt succeeded in developing its level of transparency through the efforts exerted to publish some timely reports for the first time, such as Pre-Budget Statement and Citizen Budget, in addition to the Mid-year Review after its two-year suspension. Nevertheless, the Ministry of Finance continues to publish the Executive Budget Proposal, Enacted Budget and In-Year Reports, such as the Monthly Financial Bulletin, which measures the actual implementation of the budget during the year after the approval of the Parliament.
Moreover, the Ministry of Finance organized several Citizen Budget and Pre-Budget conferences in coordination with other ministries, on the top of which Ministry of Planning, Ministry of Trade and Industry and the Central Bank of Egypt.
Furthermore, the Ministry of Finance launched an interactive website for the first time, where people can send their feedback and view data and publications, in addition to providing simplified charts and videos on the Ministry of Finance Facebook page and YouTube channel.
Also, the Ministry of Finance issued a survey to take into account citizen’s feedback regarding the Citizen Budget.
The budget transparency report is widely used by international institutions such as IMF and World Bank as well as credit rating agencies as a sub-indicator for safe investment, as it indicates how transparent the country is about its fiscal policies and reforms which encourages more investments.
Egypt's IBP Report: https://www.internationalbudget.org/wp-content/uploads/egypt-open-budget-survey-2017-summary-english.pdf
Full (Global) IBP Report: https://www.internationalbudget.org/wp-content/uploads/open-budget-survey-2017-report-english.pdf