The COVID-19 pandemic has forced many governments to launch emergency spending and tax policy measures to mitigate the potentially catastrophic impact on the people and economies’ health. The adjustments’ speed has challenged traditional approaches to managing risks, inefficiencies, budgetary allocations, and corruption. The Global Initiative for Fiscal Transparency (GIFT) network, with support of the OGP Multi-Donor Trust Fund, has created a practical guide to help practitioners to identify the datasets and data fields required for informed internal decision-making and transparent disclosure of information related to emergency responses. The guide includes 15 datasets and 13-time series grouped into four dimensions: Emergency and countercyclical spending, Tax relief measures and deferrals; Revenue adjustments and additional funding sources; and The macroeconomic impact of the emergency fiscal measures. Read more here.
Source: Open Government Partnership