Financing new and existing programmes oecd 2014
The OECD (Organisation for Economic Co-operation and Development) published a report in 2014 titled "Financing New and Existing Programmes: A Guide for Public Officials" (OECD, 2014). The report provides guidance on how to finance new and existing programmes, with a focus on public sector organizations.
The report highlights the importance of effective financing strategies in ensuring the sustainability of public programmes. It emphasizes the need for public officials to consider a range of financing options, including budget allocations, grants, loans, and private sector partnerships.
The report identifies several key challenges in financing public programmes, including:
- Limited budget resources: Public programmes often face budget constraints, making it difficult to secure sufficient funding.
- Uncertainty and risk: Public programmes may involve uncertain or high-risk outcomes, making it challenging to secure financing.
- Competition for resources: Public programmes may compete with other priorities for limited budget resources.
To address these challenges, the report recommends the following strategies:
- Develop a clear programme strategy: Public officials should develop a clear and concise programme strategy that outlines the programme's goals, objectives, and expected outcomes.
- Identify potential financing sources: Public officials should identify potential financing sources, including budget allocations, grants, loans, and private sector partnerships.
- Develop a financing plan: Public officials should develop a financing plan that outlines the programme's financing requirements, including the amount of funding needed and the timeline for securing funding.
- Build partnerships: Public officials should build partnerships with other organizations, including private sector companies, non-governmental organizations, and other government agencies, to secure financing and resources.
- Monitor and evaluate programme performance: Public officials should monitor and evaluate programme performance to ensure that the programme is achieving its intended outcomes and to identify areas for improvement.
The report also provides guidance on how to manage programme finances, including:
- Budgeting and financial planning: Public officials should develop a budget and financial plan that outlines the programme's financial requirements and resources.
- Financial reporting and monitoring: Public officials should establish a system for financial reporting and monitoring to ensure that programme finances are properly managed and accounted for.
- Risk management: Public officials should identify and manage risks associated with programme financing, including financial, operational, and reputational risks.
Overall, the report provides practical guidance for public officials on how to finance new and existing programmes, and how to manage programme finances effectively.