Government Executive: A timely new book by veteran public finance experts at the International Monetary Fund describes how budget and finance reforms have evolved over the past two decades in more advanced countries. While their book doesn’t contain any magic formula for success, it does provide a useful context for understanding what is going on in the field. It also provides some poor comfort for the fact that what the U.S. is facing is not uncommon and that there may be some avenues for being more successful in the future.
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