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Publication Date:
April 7, 2017
Electronic Access:
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Paolo de Renzio and Massimo Mastruzzi
Governments sometimes complain that the budget information they make publicly available is seldom accessed and utilized. On the other hand, civil society organizations (CSOs) often claim that the information governments make available is very difficult to understand and not detailed enough to allow for meaningful analysis and advocacy. Is there a mismatch between the budget information supplied by governments and demand among civil society?
http://www.fiscaltransparency.net/resourcesfiles/files/20161215147.pdf
Извор: fiscaltransparency.net - 15.04.2017
December 15, 2016/in Publish, Use /by Murray Petrie
Summary:
Principle 10 of the GIFT High Level Principles on Fiscal Transparency asserts that citizens have a right to participate directly in fiscal policy design and implementation. GIFT has subsequently developed a set of Principles of Public Participation in Fiscal Policy. The Principles have directly influenced the design of international instruments such as the Open Budget Survey, and are becoming recognized as an emerging norm on how governments should manage the public finances. Since 2014 GIFT has been working pro-actively through the OGP-Fiscal Openness Working Group to support the implementation of more ambitious commitments on open budgeting in Open Government Partnership Action Plans. The OGP and GIFT are partnering in release of a Guide on Principles and Mechanisms on Public Participation in Fiscal Policy at the Paris OGP Summit in December.
About this guide
What is public participation in fiscal policies?
Public participation refers to the variety of ways in which citizens and the general public, including civil society organizations and other non-‐state actors, interact directly with public authorities with respect to the design, implementation and review of public policies by any form of communication. Participation ranges from one-‐off consultations to on-‐going and institutionalized relationships that leave records subject to access to information. (PRINCIPLES OF PUBLIC PARTICIPATION IN FISCAL POLICY)
Direct public participation in government fiscal policy and budget making has been established as a right in the High Level Principles of Fiscal Transparency, Participation and Accountability, promulgated by the Global Initiative for Fiscal Transparency (GIFT). Principle 10 establishes: ‘Citizens and non-state actors should have the right and effective opportunities to participate directly in public debate and discussion over the design and implementation of fiscal policies.’
Washington, DC, March 9, 2017 –The World Bank (International Bank for Reconstruction and Development, IBRD) has issued bonds that for the first time directly link returns to the performance of companies advancing global development priorities set out in the Sustainable Development Goals, including gender equality, health and sustainable infrastructure.
The equity-index linked bonds raised a total of EUR163 million from institutional investors in France and Italy. The World Bank will use the proceeds to support the financing of projects that advance its goals of eliminating extreme poverty and boosting shared prosperity, and that are aligned with the Sustainable Development Goals or SDGs.
