July 5, 2017Doug Hadden
Interesting June developments about public financial management, country development and government technology, found by the FreeBalance Strategy and Innovation Group.
BUDGET CLASSIFICATIONS IMPORTANT FOR SDGS: International Budget Partnership shows that incorporating SDGs within budget classifications is an important lesson learned. FreeBalance provides more information in blog post. http://www.internationalbudget.org/wp-content/uploads/tracking-spending-sustainable-development-goals-ibp-budget-brief-2017.pdf
OPEN DATA AND CORRUPTION: Different forms of open government to handle different forms of corruption. http://thegovlab.org/using-open-data-to-combat-corruption-2/
BLOCKCHAIN IS TRIPLE-ENTRY BOOKKEEPING: Are “shared ledgers” the most important accounting innovation in the last 500 years? https://hackernoon.com/why-everyone-missed-the-most-important-invention-in-the-last-500-years-c90b0151c169
ARE POOR COUNTRIES DOOMED TO CONTINUOUS POVERTY? Good governance is important, it’s not everything. https://www.cgdev.org/blog/do-weak-governments-doom-developing-countries-poverty
WOMEN MATTER: Report from the Women and Foreign Policy program, highlights linkage between women’s economic participation and prosperity.
DATA-DRIVEN PUBLIC FINANCIALS TRANSFORMATION: More evidence of linkage between evidence and decision making
PFM IS KEY TO STABILITY AND GROWTH: Accrual accounting, integrated reporting to be embraced, efforts to cooperative on a more coherent international tax system that prevents avoidance and evasion and a consistent and transparent regulatory environment.
ARTIFICIAL INTELLIGENCE TO THE RESCUE FOR GOVERNMENT INEFFICIENCIES? Deloitte finds that AI could save US federal government between $9.6B and $37B a year.
ANALYSIS OF GOVERNMENT SPENDING HISTORY: Large increase in government spending in 20th century with social protection, education & health expenditures, and recent increases in Public Private Partnership financing.
GOVERNMENT PEACE INDEX: “The global level of peace has slightly improved this year by 0.28 per cent, with 93 countries improving, while 68 countries deteriorated.”
- Economic impact of conflict in 2016 it was $14.3 trillion or 12.6% of world GDP, at $1,953 for every person in the world
- On average, violence accounts for 37% of GDP in the ten least peaceful countries, compared to only 3% for the ten most peaceful
- Decreasing violence by just 10% would lead to $1.43tn in extra resources, that could be used for aid, to prevent climate change or encourage investment in countries
THE GOVERNANCE GAP: Lack of trust in government. http://blogs.worldbank.org/governance/governance-gap-can-we-bridge-it
CITIZEN-CENTRIC DIGITAL TRANSFORMATION LESSONS LEARNED: T4G shares 5 lessons learned in government digital transformation. http://www.itbusiness.ca/news/how-five-governments-pursued-digital-transformation-and-what-you-can-learn-from-them/91668
DIGITAL IN GOVERNMENT: IBM provides 10 recommendations for systemic change in government to enable digital transformation. http://diginomica.com/2017/06/26/ibm-government-needs-systemic-change-not-just-digital-projects/
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