BudgIT launches state fiscal transparency league

BudgIT, a leading civic-tech organization advocating for accountability, transparency, and effective service delivery in Nigeria, has launched its States Fiscal Transparency League (SFTL).

The SFTL initiative builds on the recently concluded World Bank’s State Fiscal Transparency, Accountability,and Sustainability (SFTAS) Program, which promoted fiscal transparency and facilitated accountability in public resource management.

It would be recall that the World Bank developed SFTAS (States Fiscal Transparency, Accountability, and Sustainability), a four-year program to support the government’s objective and encourage a common set of fiscal behavior aimed at fiscal transparency, accountability, and sustainability. Based on this, BudgIT’s States Fiscal Transparency League initiative is designed to sustain the gains of the World Bank’s SFTAS by tracking how well states maintain fiscal transparency, accountability,accessibility, and effective public finance management.

The SFTL program is a quarterly assessment focused on various aspects, including Proposed Budget, Approved Budget, Citizens’ Budget, Budget Implementation Reports (BIR), Audit Report, eProcurement Portal, Medium-Term Expenditure Framework (MTEF), Freedom of Information(FOI) Act, Accountant General’s Report/Financial Statement and States’ Functional Website/Fiscal Repository.