Strengthening public finance policies

Prudent budget policies, reduced costs of raising revenue, efficient and effective public spending, strengthened decentralization in government, and public finance policies consistent with poverty alleviation are broad directions which public finance policies should strive to pursue. A comprehensive approach to public finance reform is essential to produce consistent policy advice and to implement sustainable reform.

Progress in improvement in all aspects of the improvement of public finances is difficult to achieve at the same time. However neglect of any one area can easily lead to problems in others.