Sep 25, 2019
Governments around the world need to set more realistic and credible spending plans if there is any hope of achieving the ambitious agenda laid out in the Sustainable Development Goals (SDGs).
By Jason Lakin and Chloe Cho, International Budget Partnership— Jul 12, 2019
How optimistic should we be about government commitments to invest the funds necessary to realize the Sustainable Development Goals? According to recent data, we should be worried. Government underspending of budgets is a global challenge that may impede the realization of the SDGs.
by Jason Lakin and Samuel Atiku— Mar 28, 2019
Many governments around the world struggle to implement their budgets, including Nigeria: the country’s federal budget was underspent every year between 2009 and 2016, with the share of underspending as high as 27 percent in 2016. Many people would be inclined to agree that volatile oil resources are at the heart of Nigeria’s broader political and economic challenges – and specifically, its failure to spend its budget. But is this right?
Jason Lakin, International Budget Partnership— Mar 07, 2019
When the International Budget Partnership put out an open call for 25 civil society organizations to research budget credibility issues in their countries last year, we thought we would struggle to reach that number. But more than 70 groups applied, and their research was just one component of our larger Assessing Budget Credibility project, which looks at the degree to which governments raise and spend public money in accordance with approved budgets, and the causes and consequences of any deviations.
by Guillermo Herrera, International Budget Partnership— Jul 31, 2018
Budget credibility describes the ability of governments to accurately and consistently meet their expenditure and revenue targets. Two key issues pertaining to budget credibility warrant greater attention: the impact of budget deviations on citizens and services, and how governments justify budget deviations and are held accountable for them. The International Budget Partnership’s Assessing Budget Credibility project aims to investigate these issues further. In July 2018, IBP and the Ministry of Finance and Public Credit of Mexico, in collaboration with the United Nations Department of Economic and Social Affairs, co-hosted a side-event during the 2018 United Nations High Level Political Forum to discuss budget credibility, and its relevance to the Sustainable Development Goals.
