The Covid-19 Pandemic, which hit the global economy ‘below the belt’, with the latter losing $12.5 trillion says IMF revised forecast, did not, however, undo account-able budgeting practices worldwide, according to a new survey by the International Budget Partnership (IBP), which it unveiled in its latest open budget survey (OBS) for 120 countries.
Most countries preserved accountable spending practices in their annual budget processes during the pandemic.
With South Korea spearheading inclusive practices for public consultation in the budget process, Nigeria, Benin, and the Gambia surprised financial bookmakers by being“among the biggest improvers in this round of the survey.