Why Reasons are Fundamental in Government Budgets

Jason Lakin, Ph.D., International Budget Partnership— Nov 29, 2018

Modern government budgeting is increasingly expected to be an extended conversation between executives, legislatures, auditors, the public, and other independent institutions. In this conversation, governments cannot simply announce their plans. They have to explain the reasons for the choices they are making. So how can we judge the quality of reasons that governments provide? Our new paper, “Assessing the Quality of Reasons in Government Budget Documents,” proposes five criteria.

Making and Keeping Promises: Why Budget Credibility Matters

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.