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The Ghost Budget: How U.S. war spending went rogue, wasted billions, and how to fix it April 01, 2024. Public finance expert and HKS Senior Lecturer Linda Bilmes says the United States funded the $5 trillion Iraq and Afghanistan wars with an unaccountable and unprecedented scheme utilizing debt, accounting tricks, and outsourcing.
Public Finance is a thematic area of the Governance GP. The World Bank Group works with governments to enhance the management of public resources in pursuit of growth, development, and poverty reduction, while aiming to strengthen transparency and accountability.
Covers the role and size of the public sector, including the rationale for public sector interventions such as market failure and distributional concerns; public resource mobilization via direct and indirect taxation, including the economics of taxation, taxation of income, wealth, and consumption, environmental taxation, tax incentives, tax ...
Availability of reliable, relevant and timely information about the institutional arrangements for public finance allows for the assessment of a government’s financial position and the true cost and benefit of government activities. Transparency is a means to strengthening governance. We aim to achieve improvements in accountability and government performance by combining transparency with ...
Public Investment Management Public investment management and governance of infrastructure require specific attention. Even before the pandemic, it had become visible that public investment management is a critical link between government use of public finances and the achievement of broader delivery objectives.
Course description: this course explores differences among governments’ approaches to fundamental public finance issues, its causes and consequences, and its relations to development. Takes a cross-country approach to study topics including: tax efficiency and tax reform, redistribution, income inequality, fiscal decentralization, provision of public goods, and social insurance.
Reimagining Public Finance aims to open a conversation on what a new approach focused on the role that the management of public resources can play in promoting better development outcomes could look like. The initiative is driven by two main questions. The first one is, "What is the role of public finance in achieving better development outcomes?"
Approach: The Bank, in partnership with the Government of Korea and the Philippines, is supporting the Public Expenditure Management Network in Asia (PEMNA), a peer-learning network for public finance officials. PEMNA facilitates the exchange of practical knowledge in public expenditure management, particularly in budget and treasury.
This e-Learning course on the basics of public financial management provides a quick introduction to PFM, explains the budget cycle, describes how accounting and financial reporting is done in the public sector, clarifies the concepts of internal controls and differentiates it from an internal audit, and explains how governments are audited.
CONTROL OF PUBLIC FINANCE 102—County government responsibilities in public finance. 103—Establishment of county treasuries. Responsibilities and powers of a County Treasury 104—General responsibilities of a County Treasury. 105—Powers of a County Treasury. 106—Secondment of public officers by County Treasury to National Treasury.