Egypt improved its standing by six points in the 2023 Open Budget Survey, now ranking 63rd out of 125 countries
Highlighting the results of the 2023 global Open Budget Survey (OBS), the Ministry of Finance noted that the report shed international light on Egypt’s positive development in international indicators of transparency, budget oversight, and public participation over the past two years.
Released in May with Dcode Economic & Financial Consulting as the lead researcher for Egypt, the report revealed that Egypt has a transparency score of 49 (out of 100), up from its 2021 score of 43, higher than the global average of 47 points.
Egypt improved its standing by six points in the 2023 Open Budget Survey, now ranking 63rd out of 125 countries.
In the Public Participation Index, Egypt’s rating jumped by 16% to 35 out of 100, compared to 19 in 2021, placing Egypt as eighth globally and first in the Middle East for the second consecutive year, ahead of Jordan and Morocco.
According to the Ministry of Finance, Egypt's progress in public participation is attributed to its efforts to involve the public, particularly women and vulnerable groups, in all stages of budget preparation, implementation, and monitoring, and to expand coordination with local entities.
It also achieved a 54% score in financial oversight, exceeding the global average for the first time.
The finance ministry noted that its Transparency and Community Participation Unit have improved its efforts to produce accessible information on the medium-term budget framework, the country’s debt trends and more.
The report emphasized the need to maintain timely publication of reports, present public expenditures by functional classification, update debt information in monthly reports, make program and performance budgets publicly accessible, and submit them to Parliament.
The report also highlighted Egypt’s participatory budgeting model as a case study in the 2023 global report, noting its expansion from Alexandria and Fayoum to governorates like Assiut and Beni Suef.
