What is the point in conducting a social budgeting in a country?
Social budgeting is comprehensive planning of social protection finances, and a comprehensive and detailed account of a country’s revenue and expenditure earmarked for social protection. One prerequisite for developing a national social protection policy and strategy is to know what the present overall level of expenditure is, where money is spent, which needs remain unmet, and how the overall national social expenditure, as well as the financial burden for the different financers of the system, develop under different economic scenarios and different reform options. Social budgeting on a national level helps answer these questions, making it a key tool for policy planning.
