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<oembed><version>1.0</version><provider_name>Verit&#xE9; Research</provider_name><provider_url>https://www.veriteresearch.org</provider_url><author_name>Chalani Ranwala</author_name><author_url>https://www.veriteresearch.org/author/chalani_ranwala/</author_url><title>SL Budget openness improves, but still below global benchmark | Verit&#xE9; Research</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content"&gt;&lt;a href="https://www.veriteresearch.org/2020/06/09/sl-budget-openness-improves-but-still-below-global-benchmark/"&gt;SL Budget openness improves, but still below global benchmark&lt;/a&gt;&lt;/blockquote&gt;
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&lt;/script&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://www.veriteresearch.org/2020/06/09/sl-budget-openness-improves-but-still-below-global-benchmark/embed/" width="600" height="338" title="&#x201C;SL Budget openness improves, but still below global benchmark&#x201D; &#x2014; Verit&#xE9; Research" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;</html><thumbnail_url>https://www.veriteresearch.org/wp-content/uploads/2020/06/OBS_Web_02.jpg</thumbnail_url><thumbnail_width>1200</thumbnail_width><thumbnail_height>750</thumbnail_height><description>Taken from &#x2013; DailyFT Sri Lanka&#x2019;s Budget openness has improved past the global average but is still third in South Asia and well below the level that indicates enough material is being published to support informed public debate, Verit&#xE9; Research said in its latest report. The Open Budget Survey (OBS) scores countries on the openness of their budget process. The survey is conducted every two years. The 2019 cycle of the OBS has placed Sri Lanka 54th out of 117 countries, with a budget transparency score of 47/100. Sri Lanka has been gradually improving its budget transparency, increasing its scores from 39 and 44 in the 2015 and 2017 cycles of the OBS, according to Verit&#xE9; Research. However, Sri Lanka&#x2019;s score still falls below the minimum benchmark score of 61 needed to be classified as having a &#x2018;sufficient&#x2019; level of budget disclosure under international standards. In South Asia, Sri Lanka is ranked behind Afghanistan (50) and India (49) and while its score of 47 is marginal above the global average of 45, it is still far below the score needed to indicate that Sri Lanka&#x2019;s Budget process is efficient, transparent and meets the requirements of public interest based inclusivity, Verit&#xE9;...</description></oembed>
