Open Budget: Why is budget transparency important?

Open Budget: Why is budget transparency important?

How much of the budget can we see?
Budget transparency is associated with better performance, accountability, and public and market confidence. Malaysia’s budget transparency still lags behind our ASEAN neighbours but has been improving in recent years.
More and more documents relating to the budget are now available online for public use. Their availability is an important development that allows for more public participation in the budget. You can find their links here:
  • Approval Phase
    • Executive’s Budget Proposal (Annual Budget 2020, Estimated Federal Expenditure 2020, Fiscal Outlook & Federal Government Revenue Estimates 2020, Economic Outlook 2020)
    • Enacted Budget(s) (Supply Act 2020, Finance Act 2019, Estimated Federal Expenditure 2020, Fiscal Outlook & Federal Government Revenue Estimates 2020, Economic Outlook 2020
    • Citizens Budget (Touchpoint Belanjawan 2020)
  • Implementation Phase
  • Evaluation Phase
2020-08-27T09:31:07+08:00 18th August 2020|Infographics|Comments Off on Open Budget: Why is budget transparency important?