FreeBalance is pleased to be working with the governments of Afghanistan, Liberia, and Mongolia as they demonstrate leadership in modernising their public financial management systems.
Ottawa, Canada (Vocus) October 27, 2010
FreeBalance, a global Government Resource Planning (GRP) software company, announced that three of its government customers: Afghanistan, Liberia and Mongolia, have been recognised by the International Budget Partnership (IBP) for substantially increasing their levels of budget transparency in the IBP Open Budget Survey (OBS). In the 2010 OBS Survey, Afghanistan’s score jumped 13 points from 8 in the 2008 Survey to 21; Liberia’s score jumped 37 points as it increased from 3 in the 2008 Survey to 40 in the 2010 Survey; and Mongolia’s score doubled from 18 in the 2006 Survey to 36 in 2008 and further increased by 24 points to 60 in the 2010 Survey. The OBS is available for download at http://internationalbudget.org .
"Congratulations to the governments of Afghanistan, Liberia, and Mongolia on the progress achieved in budget transparency," said Manuel Pietra, President & CEO at FreeBalance. "FreeBalance is pleased to be working with the governments of Afghanistan, Liberia, and Mongolia as they demonstrate leadership in modernising their public financial management systems. FreeBalance helps these governments improve transparency, governance, and accountability, which in turn leads to improved economic activity and increased investment."
The OBS is the only independent, comprehensive and comparative measure of government budget practices. Open Budget Index (OBI) scores are based on the availability, comprehensiveness and timeliness of eight key budget documents across the budget cycle:
- Pre-Budget Statement
- Executive’s Budget Proposal
- Citizens Budget
- Enacted Budget
- In-Year Reports
- Mid-Year Review
- Year-end Report
- Audit Report
The FreeBalance Accountability Suite is designed for the unique requirements of public financial management. FreeBalance covers the entire government budget cycle, including Budget Preparation and Budget Execution. Releasing budget information to citizens makes governments more accountable. FreeBalance ensures it is accountable to its customers through such customer input opportunities as the FreeBalance Government of Canada Cluster and the FreeBalance International Steering Committee. These customer engagements ensure FreeBalance is customer-driven and customer-focused.
As well, the FreeBalance Accountability Suite supports the unique and evolving requirements of government. FreeBalance solutions provide fiscal control over fund allocations, expenditures, appropriations, revenue administration, and human resources. The unique FreeBalance Transparency Portal enables governments to improve budget, procurement and human resources transparency.
FreeBalance customers span the globe and the user community includes public financial management professionals in 18 countries, including Afghanistan, Liberia, Mongolia, Namibia, Pakistan, Panama, Sierra Leone, Uganda, Southern Sudan, Timor-Leste, Kosovo, and Iraq. FreeBalance operates in 15 customer time zones. FreeBalance has more than 60,000 users around the world. FreeBalance software manages a global civil service workforce of 1,500,000, and also manages a quarter trillion ($US) annual budgets worldwide.
FreeBalance helps governments around the world leverage robust Government Resource Planning (GRP) technology to accelerate country growth. FreeBalance software solutions for public financial and human resource management support reform and modernization to improve governance, transparency and accountability. Good governance is required to improve development results.
Founded in 1984, FreeBalance is a for-profit-social-enterprise (FOPSE) company headquartered in Ottawa, Canada, with sales and support offices in Washington, DC (United States), Guatemala City, (Guatemala), Kampala, (Uganda), Lima (Peru), Lisbon (Portugal), Pristina (Kosovo) and St. John (Antigua and Barbuda). FreeBalance solutions have been implemented in countries across the globe, including Canada, United States, Sierra Leone, Guyana, Pakistan, Mongolia, Afghanistan, Antigua & Barbuda, Timor-Leste, Republic of Kosovo, Palestine, Panama, and Uganda. For more information, visit http://www.freebalance.com .
Public Relations Specialist
Tel: +1 (613) 218 4938