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Budget Transparency

Toward more accountable public finance: budget transparency, participation, and oversight

Anjali Garg's picture
Photo by GotCredit -

These are exciting times for those of us who believe in the potential of greater budget accountability to help tackle some of the world’s most pressing problems. The upcoming release of the Open Budget Survey promises to shed some light on three pillars of accountable budgets: transparency, participation, and oversight.
The importance of budget transparency is now well established. Recent years, however, have seen growing recognition that, along with access to information, it is critical that the public is provided with formal opportunities to engage in how budgets are managed.

​Public participation is becoming an increasingly well-established pillar for ensuring accountability.

China and the World Bank: Partners for reform

Jingrong He's picture

In the last ten years, China’s public procurement market has grown tenfold reaching an estimated $270 billion in 2013. Such significant growth has made the improvement of the public procurement system an imperative for the Chinese Government.

In the context of China’s commitment to enhance its procurement system, it is also seeking to accede the World Trade Organization’s Government Procurement Agreement (WTO GPA). As China looks to necessary procurement reforms, the World Bank has partnered with the Ministry of Finance to support these efforts, which have the potential to have transformational impact.