Budgeting for a better future, for every child
2020 has not turned out as planned. As the COVID-19 pandemic continues to impact populations around the world, governments have been forced to take a fresh look at their spending and how to meet additional costs of pandemic response as they expect a fall in revenue. Budget information has become even more critical., Critical knowledge, When it comes to children, it is important to have a detailed view of spending in key areas like health, education, social protection and water and sanitation. Without this, it is difficult to know what services are supported or how money has been spent. Although total spending on health has increased in many countries as part of the COVID-19…, The economic fallout of COVID-19, As the pandemic continues, the impact on children is increasingly evident. As a result of disrupted schooling, according to the World Bank , children stand to lose the equivalent of $872 of their future earnings per year— a global loss of over $10 trillion. Progress on infant mortality will be set back by between five and 15 years; and deaths…, Essential to recovery, As the Myanmar, Tunisia and Somaliland examples show, improved budget transparency is not only central to an inclusive recovery but also encourages governments and partners to come together to identify more effective ways to achieve policy outcomes. It is vital to monitoring spending, improving efficiency and ensuring resources are used…, Building a resilient future, We are living in unprecedented times where every national and local government is forced to adapt and learn. Clear data on budgets, reprioritization and implementation of budgets will help us understand the impact of spending decisions on children’s lives. UNICEF continues to work with governments and partners including the International Budget…
