Reliable planning is an indispensable prerequisite for the economy for future strategies and investments. The budget planning of a government provides valuable information on the direction in which government spending is to be directed, where cuts are to be expected or which subsidies are available. The more transparency, the better.
For some, the German state budget is also a book with seven seals. But there are many countries around the world where the budget is administered as a state secret, opening the door to corruption. In Africa’s Nigeria, a country with an astonishing number of start-ups, BudgIT, an IT company, has found ways and means to present the state budget transparently and comprehensibly. To this end, expenditure from the past, such as available data from tax revenues, inflation rates, etc., was linked to current expenditure from open data in order to create the greatest possible transparency and a reliable planning basis for the economy. The Advaneo data marketplace offers a meanwhile uniquely large collection of open data. The example from Nigeria shows the possibilities that result from the targeted use of this data. Can we learn from this? Yes, we can!
