Mehdi Musharraf Bhuiyan
Bangladesh's budgeting process is least transparent in South
Asia as the system lacks sufficient public participation or oversight, says a
survey that attributed the lapses to institutional shortcomings.
These documents are: Pre-Budget Statement, Executive's
Budget Proposal, Enacted Budget, Citizens Budget, In-Year Reports, Mid-Year
Review, Year-End Report and Audit Report.
The IBP report also bears a critical note about the
budget-oversight process in Bangladesh. It says legislatures and supreme audit
institution provide limited budget oversight in this country while any
independent fiscal institution is virtually nonexistent.
"While the head of the institution cannot be removed
without legislative or judicial approval, they are not appointed by the
legislature or judiciary, which calls into question its independence," IBP
said in its country summary on Bangladesh.
It also pointed out that the supreme audit institution is
provided with sufficient resources to fulfil its mandate, but its audit
processes are not reviewed by an independent agency.
Apart from transparency, the OBS survey also assessed the
degree to which the government provides opportunities for the public to engage
in budget processes.
"Although the budgeting process in Bangladesh has
become more consultative than it was 15 years ago, still the progress is not
enough compared to other parts of the world," said Professor Mustafizur
Rahman, Distinguished Fellow of the Centre for Policy Dialogue.
"There are immense scopes for making the budgeting
process more consultative," the CPD economist told FE.
For example, he added, in many countries of the world
opposition political parties and civil societies come up with 'shadow budget'
which can be introduced in Bangladesh.
Meanwhile, International Budget Partnership, in its report,
has recommended that Bangladesh publish a Mid-Year Review and a Pre-Budget
Statement online. In-Year Reports should also be posted online in a timely
manner.
Courtesy: The Financial Express Feb 24, 2018










