Quality Budget Institutions

OECD countries face rising public debt, ageing populations, and growing demands on health, social care and defence. Effective budgeting is critical to ensure sustainable public finances. The OECD Spending Better Framework outlines ten principles to strengthen budget institutions, including clear fiscal objectives, medium-term planning, and regular spending reviews. By combining fiscal discipline with flexibility, and integrating performance data into spending decisions, governments can allocate resources more effectively. This report highlights the importance of transparency, parliamentary oversight, and collaboration between finance ministries and line ministries-helping governments spend better for long-term impact.