Welcome to Beyond Budgets, BSI’s blog on the latest and hottest topics across PFM.
Debt is not something governments brag about. On the contrary, ominous metaphors like ballooning debt burdens and exploding debt make it clear that, in political discourse at least, debt is a bad thing. And in the current economic climate, debt trends have become a major headache for economic policymakers in virtually all G20 economies. Over [...]
Open Democracy South Sudan: building the foundations of the world’s newest nation Aggrey Tisa Sabuni, economic advisor to the President of the Republic of South Sudan, reflects on the nation’s last 12 months and vision for the future. The Guardian South Sudan: in numbers includes quite an interesting infographic on the state of the nation’s [...]
Ideas sometimes travel in strange ways. Isomorphism and isomorphic mimicry have been terms in biology since the 19th century. They refer to different organisms evolving to look similar without actually being related. In the case of mimicry the process is by, well, one organism mimicking another to gain some sort of an evolutionary advantage. Think [...]
It’s politics, we’re not stupid: in defence of a division of labour between technocrats and politicians
In recent years there has been a flurry of engrossing research that uses political economy approaches to understand Public Financial Management (PFM) reforms in developing countries (or, frequently, the lack thereof). Some examples include the World Bank’s political economy of policy reform and Mike Steven’s institutional and incentive issues in PFM reform. This research has [...]
The g7+ held a high level side event at the UN General Assembly last month (watch the recording here). A panel made up of several world leaders, including Indonesian President Susilo Bambang Yudhoyono and Liberian President Ellen Johnson Sirleaf – both co-chairs of the post-2015 High Level Panel – who talked on the New Deal [...]
Aggrey Tisa Sabuni, the President of South Sudan's top economic advisor, speaks with ODI's Ryan Flynn about the Government's development plan, the country's austerity budget and what the Ministry of Finance is doing to improve public finance management.
In OECD countries, a new budget framework law is the crowning achievement of budget reformers. It may be difficult to gather momentum, overcome veto players, figure out the details, make the right deals – but once a new system has been encoded in law, it is pretty difficult to undo. Since budgeting and financial management [...]
Public financial management is a relatively placid field of international development. Other development specialists have fierce arguments over the faults and merits of, say, Millennium Villages, or randomized controlled trials. For the most part, PFM specialists acknowledge that while there is a strong technical core to public finances and budgeting, there is a lot we [...]
There are many countries in the world today that are working to build a state that can drive development progress and establish a basic level of wellbeing for their citizens. A government that taxes and spends responsibly, effectively and accountably is a pretty central part of our understanding of good governance. And a government that [...]