Openbudgets.eu launches collection of fiscal transparency tools for journalists and civil society organisations. – Open Knowledge International Blog

"Today, the beta version of OpenBudgets is officially released to the public. The Horizon 2020-funded project seeks to advance transparency and accountability in the fiscal domain by providing journalists, CSOs, NGOs, citizens and public administrations with state-of-the-art tools needed to effectively process and analyze financial data.

For the beta version, we have developed tools around the three pillars of the project: data analytics, citizen engagement, and journalism. In the realm of data analytics, we present a time series forecasting algorithm that integrates with OpenSpending and predicts and visualizes the development of budgets into the future. As for citizen engagement, the participatory budgeting interface lets users preview the interaction with the budget allocation process. Finally, the highly praised ‘budget cooking recipes’ website highlights the journalistic value of budget data by listing cases in which it has been used to investigate corruption."