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Methodological Aspects of Compiling Open Budget Rankings

Author

Listed:
  • Yuriy V. Belousov

    (Financial Research Institute, Moscow 127006, Russian Federation)

  • Olga I. Timofeeva

    (Financial Research Institute, Moscow 127006, Russian Federation; Financial University under the Government of the Russian Federation, Moscow 125993, Russian Federation)

Abstract

Budget transparency is an effective tool in improving the quality of public budget executions. Ranking countries, regions and municipalities based on budget transparency is of interest for scientists and professionals in the whole world, including Russia. Methodologies behind budget transparency are a rather complex tool, the quality of which largely affects the results. This paper analyzes the available and applied ranking methodologies — in particular, the Open Budget Index (OBI) by the International Budget Partnership (IBP), transparency indices of local budgets in Kazakhstan and Croatia, and the ranking of the Russian Federation’s constituent territories by the level of budget data openness. During the analysis we identified the methodological principles of each of the considered approaches, their differences and similarities. Special attention was paid to problematic issues of the International Budget Partnership’s methodology. It is especially important to specify these problems, as the IBP methodology is a model in measuring the level of budget transparency. By using the ranking of Russian regions in terms of budget transparency levels, we demonstrate how to use special techniques and methods targeted at improving the quality of managing public fiscal performance.

Suggested Citation

  • Yuriy V. Belousov & Olga I. Timofeeva, 2021. "Methodological Aspects of Compiling Open Budget Rankings," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 4, pages 122-138, August.
    • Handle: RePEc:fru:finjrn:210409:p:122-138
    DOI: 10.31107/2075-1990-2021-4-122-138
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    References listed on IDEAS

    as
    1. Paolo de Renzio & Joachim Wehner, 2017. "The Impacts of Fiscal Openness," The World Bank Research Observer, World Bank, vol. 32(2), pages 185-210.
    2. de Renzio, Paolo & Wehner, Joachim, 2017. "The impacts of fiscal openness," LSE Research Online Documents on Economics 82521, London School of Economics and Political Science, LSE Library.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    public finance; regional finance; budget; open (transparent) budget; open budget data; open budget index; budget transparency ranking;
    All these keywords.

    JEL classification:

    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
    • H87 - Public Economics - - Miscellaneous Issues - - - International Fiscal Issues; International Public Goods
    • R50 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - General

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