How Citi­zens are ensu­ring imple­men­ta­tion of Govern­men­tal Spen­ding

Back­ground

Every year, governments draw up finan­cial budgets to chan­nel the use of tax payers’ money in all sectors of the economy. In some coun­tries, detailed reports are also provi­ded how these funds were appro­pria­ted while in other coun­tries, such infor­ma­tion is regar­ded as state secret thus paving the way for corrupt prac­ti­ces. In Nige­ria for example, a  closer look at the 2017 budget reve­a­led that sewage collec­tion in a single government buil­ding incre­a­sed by 765% with any clear justi­fi­ca­tion. With the avai­la­bi­lity of open data, start-up compa­nies, jour­na­lists, finan­cial insti­tu­ti­ons and data enthu­si­asts are now able to inde­pendently track government spen­ding. How can this be achie­ved and how can the process be made more effi­ci­ent and accu­rate?

Data­sets used

Budget infor­ma­tion is usually provi­ded in a long verbose docu­ment that cannot be easily unders­tood by ordi­nary citi­zens and are not machine read­a­ble for analy­sis. A data driven company in Nige­ria, BudgIT, reco­gni­zed that it can achieve more trans­pa­rency for current and plan­ned projects with open data records to support compa­nies in aligning their stra­te­gies with government spen­ding. To achieve this, data­sets such as histo­ri­cal federal and state finan­cial budgets, infla­tion rates, tax reve­nues, government reve­nues, debts, loans, and record of actual government expen­dit­ure are used.

Adva­neo Data Market­place

Such a large set of finan­cial infor­ma­tion are not readily avail­able from a single source. Gathe­ring such data will involve an exhaus­tive search from various government portals such as minis­try of finance, submis­sion of Request for Infor­ma­tion (RFIs) from various other sources. The Adva­neo data market­place offers:



Cate­go­ri­sed Data­sets: We provide over a million data­sets from various government portals and global econo­mic data. Each data­set has been proces­sed to ensure they lead to valid acces­si­ble data endpoint and have been cate­go­ri­sed for easier access.



Closed User Groups: Data mining, sorting and corre­la­tion tasks cannot be effi­ci­ently done in isola­tion. The Adva­neo data Market­place provi­des the option to create closed user groups where preli­mi­nary findings or data­sets can be shared first with colla­bo­ra­tion part­ners.



Secu­rity and Privacy: Finan­cial data could some­time be clas­si­fied as criti­cal data espe­cially if it provi­des insight to inter­nal invest­ment plans or stra­tegy of compa­nies. The Adva­neo data market­place archi­tec­ture ensu­res data­sets provi­ded by compa­nies remain private to the company as there is no repo­si­tory of such data­sets on the market­place.  Exchange of data occurs directly between a provi­der and user ensu­ring data sover­eig­nty and gover­nance by the data provi­der.

Impact

Tracking government spen­ding not only provi­des more trans­pa­rency with how tax payers’ money has been produc­tively utili­zed, but also leads to better budget perfor­mance and prevent corrupt prac­ti­ces. The data, which is avail­able on a single data market­place, will help compa­nies to reli­ably plan future busi­ness steps.

Phone.: 0211 8766910
Email: hello@advaneo.de
Your Contact: Jürgen Bret­feld

Use of cookies
In order to optimize the website and to improve it continuously, ADVANEO uses cookies. By continuing to use the website, you agree to the use of cookies. Further information can be found in our privacy policy declaration.
-Click here to unsubscribe.