Prioritizing Your Values Before a Recession: How to Avoid Slash and Burn in an Economic Downturn

Field of Study: 
Finance
Level: 
Intermediate
Description: 

Budgeting is just as much about values and priorities as it is about dollars.  Unfortunately, in times of a recession and when decisions get tough,governments can fall into focusing too much on getting the dollars to work out and abandon those principles. While universally true, but especially important in times of fiscal stress, it is important for governments to communicate their priorities and values as strategy to improve budget transparency, demonstrate fairness, and help justify difficult decisions. As governments work to prepare for the next recession, how much have you communicated on "why" you budget the way you do? In this session, speakers will present practical strategies on how to develop a framework and set priorities for making those tough decisions and ways to communicate to those most impacted.