How to budget for COVID-19 response?

<p>The COVID-19 pandemic requires sufficient public funding to ensure a comprehensive response. Reprioritizing public spending toward bolstering the economy and the health system requires timely action from government leaders and a <a href="https://blogs.worldbank.org/governance/getting-government-financial-management-systems-covid-19-ready">supportive public finance environment</a>. Highly-affected countries have taken various approaches to budgetary allocation, depending on their public financial management (PFM) and regulatory systems. Adjustments are required on the <a href="https://blog-pfm.imf.org/pfmblog/2020/03/fiscal-policies-coronavirus.html">revenue side of budgets</a> (e.g. loans) to account for these new economic and fiscal constraints. Quick decision-making on the expenditure side is also needed. That will be the focus of this blog. <strong>Every country must develop specific processes for allocating budget funds to the response</strong>. To inform budgetary response in countries where the pandemic may spread in the near future, a summary of observed budgetary practices in some highly-affected countries is provided below, with the aim of informing other countries about responses to three key questions: </p><p><strong>1) What are the immediate spending actions that can be taken with existing budgets? </strong></p><p><strong>2) How to secure budget for COVID-19 response through revisions in finance laws? </strong></p><p><strong></strong><strong>3) What can be done to accelerate budget execution and funds release to the frontlines?</strong></p><p><a href="https://p4h.world/en/node/8821">Please click here for the full article. </a></p><p><strong>&nbsp;</strong></p><p><em>Authors: H&eacute;l&egrave;ne Barroy, Ding Wang, Claudia Pescetto, Joseph Kutzin</em></p><p><em>The authors acknowledge inputs received from Tomas Roubal (WHO Western Pacific Regional Office), Tsolmongerel Tsilaajav (WHO South East Regional Office), and Agn&egrave;s Soucat (WHO Headquarters).</em></p><p><em>&nbsp;</em></p><p><em><a href="https://ezcollab.who.int/hftn/public/join">Sign-up for our Health Financing Technical Network here!</a></em><br /><em>This online network is a place to share information, find updates on new materials or events related to WHO’s work on health financing policy.</em></p>