Managing the Impact of COVID-19 on City Finances

Okitasari, Mahesti, Kandpal, Richa and Korwatanasakul, Upalat (2022). Managing the Impact of COVID-19 on City Finances. UNU-IAS Policy Brief series. United Nations University Institute for the Advanced Study of Sustainability.

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  • Sub-type Policy brief
    Author Okitasari, Mahesti
    Kandpal, Richa
    Korwatanasakul, Upalat
    Title Managing the Impact of COVID-19 on City Finances
    Series Title UNU-IAS Policy Brief series
    Volume/Issue No. 37
    Publication Date 2022-11
    Place of Publication Tokyo
    Publisher United Nations University Institute for the Advanced Study of Sustainability
    Pages IV, 4
    Language eng
    Abstract This policy brief provides advice for local policymakers and financial administrators to manage the short- and medium-term impacts of the COVID-19 crisis on city finances by improving fiscal policy effectiveness and building robust financial management systems. Recommendations: (i) conduct fiscal optimisation and crisis budgeting to improve own source revenue; (ii) adapt budgeting formats and link urban planning with investments to facilitate long-term financial planning; (iii) undertake comprehensive finance reviews to inform policy and increase budget transparency and accountability; (iv) introduce e-government tools in city financial management and participatory budgeting; and (v) leverage public–private and civil society partnerships for public service provision.
    Keyword City finances
    COVID-19
    Fiscal resilience
    Copyright Holder United Nations University
    Copyright Year 2022
    Copyright type All rights reserved
    ISSN 24093017
    DOI https://doi.org/10.53326/HWLB9913
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    Created: Fri, 25 Nov 2022, 00:33:30 JST by Hanna Takemoto on behalf of UNU IAS