Posts Tagged ‘Budget’

How to budget for COVID-19 response?

The COVID-19 pandemic requires sufficient public funding to ensure a comprehensive response. Reprioritizing public spending toward bolstering the economy and the health system requires timely action from government leaders and a supportive public finance environment. Highly-affected countries have taken various approaches to budgetary allocation, depending on their public financial management (PFM) and regulatory systems. Adjustments are required on the revenue side of budgets (e.g. loans) to account for these new economic and fiscal constraints. Quick decision-making on the expenditure side is also needed. That will be the focus of this blog. Every country must develop specific processes for allocating budget funds to the response. To inform budgetary response in countries where the pandemic may spread in the near future, a summary of observed budgetary practices in some highly-affected countries is provided below.

National Science Foundation presents the President’s FY 2020 budget request

Today, the Office of Management and Budget (OMB) released details of the President’s Fiscal Year (FY) 2020 Budget Request to Congress, which includes a proposed level of funding for the National Science Foundation (NSF). Detailed information will be a…

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