Managing Risks Through Government Balance Sheets

The first part of this review focuses on the move towards more long term budgetary and policy processes through the increased use of medium-term expenditure frameworks and national development plans. It highlights the opportunities and challenges. It is accompanied by another rapid evidence review that looks at how governments’ fiscal positions are affected by different types of risk and how these are managed. A third rapid evidence review, planned for after the first policy clinic, is intended to draw on evidence and ideas from the policy clinic and other sources to look more broadly at how governments take account of their assets and liabilities. The second part draws on literature from academic, policy and non-governmental organisation sources and focusses on the financial response, and especially related to the balance sheet.