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The Blight of Auction-Based Budgeting: What is it and how can we deal with it?

The pervasiveness of auction-based budgeting is a high-risk problem in aid dependent countries. Allocating a budget based on a willingness to pay is extremely dangerous. Selling off budgets to the highest bidder undermines the whole “public good” concept of allocating budgets in ways that maximise the “bang for buck from the budget” for the benefit of citizens.