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Having dropped eight slots, Serbia is now the 70th of 117 countries included in the Open Budget Index (OBI), the Transparency Serbia reported on April 29.
The 2019 research gave Serbia a transparency score of 40 out of 100, and the drop has included the country in a group of those offering minimal budget information.
Serbia's score is five points below the global average score, and three points below the 2017 budget transparency results, when it won a score of 43 and was the 62nd on the list.
Of all the states of the region involved in the study, only Bosnia and Herzegovina ranked lower (with a score of 33), North Macedonia is slightly better (41), and Bulgaria is the best (71). Croatia and Slovenia recorded a score of 68 out of 100, Romania 64, Albania 55 and Hungary 45.
Serbia was graded most poorly in terms of public participation in creating the budget, having won a mere two points (the global average is 14), and it is only in auditing that Serbia was above the global average, with a score of 57, which is still considered a limited budget transparency.
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