In the global Open Budget Survey for 2012, India ranks 14 among the 100 countries surveyed. It also scored 68 out of 100 open budget index score conducted by the International Budget Partnership (IBP).

However, India’s rank is same as it was in 2010. But on different parameters India has improved which is slightly better from 67 in 2010 to 68 in 2012. Among all the South Asia nations, India’s rank is better. “India's current score indicates that the government provides significant information on its budget and financial activities during the year, enabling Indian citizens to hold the government accountable for management of public money,” said the IBP in the release.

With a rank of 86, China is lagging far behind India in terms of transparency. The survey is carried out every two years in which New Zealand topped the chart with a score of 93. South Africa and United Kingdom are placed second and third in the list.

The first survey was conducted in 2006.

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