Transparency (Open Budget Index) 58/100
The Government of Chile provides the public with limited budget information.
Public Participation 23/100
The Government of Chile is weak in providing the public with opportunities to engage in the budget process.
By legislature 67/100
Budget oversight by the legislature in Chile is adequate.
By auditor 100/100
Budget oversight by the supreme audit institution in Chile is adequate.
Chile should prioritize the following actions to improve budget transparency:
- Publish a Pre-Budget Statement.
- Increase the comprehensiveness of the Executive’s Budget Proposal by including functional classification for the current budget year, presenting more information on the classification of expenditures for future years and the total debt stock and interest for budget year.
- Increase the comprehensiveness of the Year-End Report by presenting more information on planned versus actual expenditures and on planned versus actual macroeconomic forecasts.
Chile should prioritize the following actions to improve budget participation:
- Establish credible and effective mechanisms (i.e., public hearings, surveys, focus groups) for capturing a range of public perspectives on budget matters.
- Hold legislative hearings on the budgets of specific ministries, departments, and agencies at which testimony from the public is heard.
Chile should prioritize the following actions to strengthen budget oversight:
- Establish a specialized budget research office for the legislature.
- In both law and practice, ensure the legislature is consulted prior to the spending of contingency funds that were not identified in the Enacted Budget.