Performance and Policy-Based Budgeting How to Spot the Fakes

In the allocation of scarce public resources, good budgeting is an art and a skill. It is a core function of government, and as such, it is fundamentally a political process with many competing objectives.

But from a technical perspective, how do we know if a country’s budget system is actually any good?

Andrew Laing, ISE’s Public Economics Practice Manager, analyzes the key components of performance and policy-based budgeting and how practitioners can test budget systems to spot the often fine lines between best practice and poor performance.

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