OECD Best Practices for Budget Transparency

The Bachelor thesis deals with the transparency of budget. This thesis describes the individual phases of budget process with an application to the budget process in the Czech Republic. Furthermore, the term transparency within the context of public financing is explained. The aim of the thesis is to determine to what degree the Czech Republic meets the requirements of budget transparency as set in the document "OECD Best Practices for Budget Transparency". On a basis of this document, the thesis defines 18 criteria that are supposed to be implemented into the budget process. The data from the OECD "Budget Practices and Procedures Database" is used to assess the fulfilment of individual criteria. The thesis also includes a comparison of outcomes of the budget tranparency in the Czech Republic with other OECD memeber states. It was determined that 14 from 18 examined criteria were implemented into the budget process in the Czech Republic. In comparison with other OECD member states, the budget process in the Czech Republic can be assessed to be extraordinarily transparent