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Managing public resources includes raising revenue through taxation, budgeting, procurement, and conducting the public administration and civil service. Orchestrating government to deliver maximum results to citizens, in the most cost-effective way, is an ongoing challenge to managing public services. Effectively managing public resources requires reforms in three areas: revenue mobilization, public financial management, and public administration.

on effectively managing Public Resources

Public services are a primary concern of citizens. As such, governments are tasked with delivering a wide array of services ¨C from basic education, health and social services, to protection and access to justice, among others. Despite a steady growth in private service delivery, governments continue to play a vital role because they offer services that markets often cannot, including services to remote and sparsely populated regions and vulnerable communities. As economies grow and mature, citizens also come to expect more from their governments. Building effective and inclusive institutions is not merely about resources, but about enhancing the coverage and improving the quality of public services.

on managing the public policy process 

Public-private collaboration is productive only if it achieves efficient, equitable economic growth through the optimal use of private sector strengths (capital, expertise), public sector tools (public investment planning and management systems, regulation, public spending) and civil society influence (independent, people-centric agenda setting). To ensure sustainable growth, the public and private sectors must leverage their key strengths and acknowledge their interdependence to meet the aspirations of citizens today and in the future.

Working towards implementing the above principles requires significant political commitment, administrative capacity and patience. While the costs of reform are often easily identified, the benefits usually take longer, and the public beneficiaries may be less vocal than rent seeking special interest groups.

on Public-Private Collaboration

The policy process typically follows phases of formulation and planning, revenue generation and allocation, and implementation, including the delivery of public goods and services. Political economy considerations, and other underlying factors that may influence public actions, often play as important a role as technical or high-level political decisions. Understanding these factors is crucial to navigating the constraints and leveraging political opportunities in the policy process.

on the drivers of policy effectiveness

GovTech harnesses technologies to help societies address challenges in areas that affect the general population ¨C such as healthcare, energy, transportation, urban congestion, and waste management. GovTech can enhance dialogue between public administration and innovators to find smart and effective solutions that help the public service improve the delivery of public services to businesses and citizens alike.

on the promise and potential of GovTech