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At the forefront of growth and development in Asia and the Pacific

Policy Dialogue on Efficient Fiscal Governance for Sustainable Growth in Asia

Event | 24 - 25 April 2019 Bangkok, Thailand
Time of event

Day 1: 9:00–17:00
Day 2: 9:00–16:30

Background

Fiscal governance tends to gain prominence as the size of the public sector in the overall economy grows and the need for accountability mechanisms increases. Moreover, fiscal governance has played a key role in the sustainable development of fiscal performance and it is also believed that effective fiscal governance can help countries secure sound fiscal consolidation, improve efficient public spending, and mitigate conflicts of interests among stakeholders.

Demand for good fiscal governance is disproportionately high in developing countries where the size of the public sector has gradually increased and is expected to grow more rapidly due to surging demand for quality healthcare, education, pension systems, infrastructure, and green energy.

Yet, there is no one-size-fits-all solution given wide variations in development and fiscal positions and international best practices must be tailored to each country’s unique circumstances and priorities. Concerns have been raised that rigid fiscal rules can hinder, rather than help, development efforts, for example.

This policy dialogue will spotlight the current status and challenges of fiscal governance in Asia and discuss issues underpinning the sound development of good fiscal governance. Bringing together fiscal authorities and experts from across Asia and beyond, the event will specifically examine ways to improve the effectiveness of fiscal policy, secure fiscal sustainability, and achieve the Sustainable Development Goals.

Objectives
  • To strengthen knowledge and understanding of fiscal governance development.
  • To share Asian perspectives and policy experiences related to fiscal rules, mid-term budget framework, and efficient fiscal institutions.
  • To build the capacity of policymakers in the region to implement good fiscal governance.
Participants
  • Senior government officials (director level) and fiscal authorities
  • Policy experts from global think tanks, academia, and the private sector.
Output
  • Improved awareness of fiscal governance challenges and ways to address them
  • Enhanced dialogue, trust, and partnership among government officials and experts on key issues related to fiscal policy
  • Consideration of a possible regional network on fiscal governance
How to register

By invitation only.

Partner

UN Economic and Social Commission for Asia and the Pacific (UNESCAP)