OPEN AND TRANSPARENT BUDGET PROCESS IN WESTERNBALKAN COUNTRIES

Marjan Nikolov, Borce Trenovski and Gabriela Dimovska
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Gabriela Dimovska: CEA Economist

Journal Articles, 2015, 5-21

Abstract: Budget openness and transparency are key elements of the effective management of public finances, determining the fiscal risks, rational financial decision-making, increasing accountability by policy makers and improving fiscal policies. It is difficult to define budget transparency, and also its measurement is an exceptional challenge. This is because different researchers / institutions use different ways (mostly questionnaires or surveys) to measure the fiscal transparency. Our research is mainly focused on elaborating the openness of budget processes in Western Balkan countries (as a specific group of countries consisted of: Albania, Bosnia and Herzegovina, Montenegro, Macedonia, Kosovo and Serbia) dominantly based on a globally accepted methodology designed by Open Budget Partnership (Open Budget Index and Open Budget Survey Tracker), and partly on our own analysis.

Keywords: budget transparency; Western Balkans; open budget index (search for similar items in EconPapers)
Date: 2015
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Related works:
Working Paper: Open and transparent budget process in Western Balkan countries (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:cmk:journl:y:2015:p:5-21

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