Public Finances
Macroeconomic and Debt Sustainability

Managing Public Finances

One of the key challenges facing low-income and emerging economies is management of public finances. In particular, they are faced with the need to raise more revenues to finance infrastructure (roads and bridges) and to provide critical social services (schools and hospitals), including in a decentralized setting. While in general these countries have made progress in mobilizing domestic revenues in the past decade, the potential for raising more is substantial. Realizing this potential is essential for achievement of Sustainable Development Goals by 2030. Equally important is the use of these resources, which requires policies and systems to efficiently manage public spending programs, including subsidies to consumers and state-owned enterprises. In addition, robust and well-functioning institutions are required to support the design and implementation of fiscal policy. Achieving these objectives will entail a multi-dimensional approach to managing public finances encompassing tax policy and revenue administration, public financial management (budget formulation and execution), containing fiscal risks from state-owned enterprises and expenditure policies. Use of new technologies, such as digitalization holds the potential of enabling these countries to leapfrog to both improved revenue mobilization and expenditure management.



Our expertise in public finance draws on extensive country experiences gained at international institutions. It covers the following areas:

  • Domestic resource mobilization (Design of tax policies and revenue administration systems)
  • Public Financial Management
  • Expenditure policy
  • Fiscal policy and institutional frameworks
  • Use of new technologies (digital and mobile) for revenue mobilization and expenditure management



Our Team

Meet the principal(s) that lead our Public Finances assignments:

Sanjeev Gupta

Head of Fiscal Practice