Assam recognized as the top state in budgetary practices

DY365
DY365
Published: January 31,2020 07:57 PM
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Assam has emerged as the top state in terms of best practices followed in budget formulation, followed by Odisha and Andhra Pradesh

January 30, 2020: Assam has emerged as the top state in terms of best practices followed in budget formulation, followed by Odisha and Andhra Pradesh, says a survey by Transparency International.

The survey was based on four parameters -- public disclosure, budgetary process, post-budget fiscal management and efforts to make the budget more transparent and citizen-friendly.

The states which figured lower in the ranking were Goa, Maharashtra and Punjab.

"It is ironical that being a 'Union of States', state budgets in India has never received such importance as claimed by Union Budget.

"As a result, most of the state budgets are neither inclusive nor transparent; this is not good for country in general and that state in particular," Transparency International said in its report.

Responding to the survey, Assam Finance Minister Himanta Biswa Sarma took to Twitter and tweeted "Well done Team @AssamFinDept. Humbling at this recognition about Assam being recognized as the state with best Budgetary Practices in a survey by Transparency International. Congrats to all who made it possible."